layer-2
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Gitcoin announced the mainnet launch of its Layer 2 Public Goods Network (PGN).
#crypto2023 #layer-2
#crypto
#crypto2023 #layer-2
#crypto
Aztec Network, a privacy-focused layer-two scaling solution that is backed by venture capital firm Andreessen Horowitz (A16z), has announced a partnership with Nym, a decentralized network that provides anonymous and censorship-resistant communication.Â
#crypto2023 #layer-2
#crypto
#crypto2023 #layer-2
#crypto
#zkSync announced the launch of ZK Stack, a modular open source framework for building custom zkRollups. ZK Stack will give developers complete autonomy, from choosing data availability mode to using the project's own Token decentralized sorter.
#crypto2023 #dyor #layer-2
#crypto2023 #dyor #layer-2
Optimism, a layer-2 scaling solution for Ethereum, has announced the Law of Chains, a set of principles that aim to provide a guiding framework for the Superchain, a collective of interoperable chains that share a common vision of open and decentralized blockspace. The Law of Chains defines the minimum viable product (MVP) of the Superchain, as well as the rights and responsibilities of the different participants in the ecosystem, such as users, chain governors, and chain servicers.
#optimism #crypto2023
#layer-2
#optimism #crypto2023
#layer-2
As the number of holders increased, the demand for #ARB grew as well.
The network's transaction costs reached a plateau, indicating a decline in trading activity.
The popular #layer-2 (L2) rollup token #Arbitrum [ARB] has received optimism due to the recent market surge driven by institutional interest in cryptocurrencies. According to #CoinMarketCap data, the coin has increased by more than 5% since the rise, lifting the melancholy that had been pervasive since the attack by U.S. regulators.
The network's transaction costs reached a plateau, indicating a decline in trading activity.
The popular #layer-2 (L2) rollup token #Arbitrum [ARB] has received optimism due to the recent market surge driven by institutional interest in cryptocurrencies. According to #CoinMarketCap data, the coin has increased by more than 5% since the rise, lifting the melancholy that had been pervasive since the attack by U.S. regulators.
As the number of holders increased, the demand for $ARB grew as well.
The network's transaction costs reached a plateau, indicating a decline in trading activity.
The popular #layer-2 (L2) rollup token #Arbitrum [ARB] has received optimism due to the recent market surge driven by institutional interest in #cryptocurrencies. According to #CoinMarketCap data, the coin has increased by more than 5% since the rise, lifting the melancholy that had been pervasive since the attack by U.S. regulators.
The network's transaction costs reached a plateau, indicating a decline in trading activity.
The popular #layer-2 (L2) rollup token #Arbitrum [ARB] has received optimism due to the recent market surge driven by institutional interest in #cryptocurrencies. According to #CoinMarketCap data, the coin has increased by more than 5% since the rise, lifting the melancholy that had been pervasive since the attack by U.S. regulators.
Why Did Coinbaseâs Base Experience 45-Minute Block Production Halt? âžïž
Coinbase's Ethereum #layer-2 network, Base, experienced a 43-minute #outage on September 5th, marking its first major disruption since its August 9th launch.
Block production halted abruptly at 9:36 pm UTC but later resumed. The outage was attributed to internal infrastructure issues, promptly addressed by Coinbase's developers.
#Base continues to monitor for any further issues. Matt Willemsen from Collective Shift noted that Ethereum's layer-2 networks are not as battle-tested as the mainnet, highlighting the challenges of maintaining and improving such blockchain infrastructure.
#Binance
#crypto2023
Coinbase's Ethereum #layer-2 network, Base, experienced a 43-minute #outage on September 5th, marking its first major disruption since its August 9th launch.
Block production halted abruptly at 9:36 pm UTC but later resumed. The outage was attributed to internal infrastructure issues, promptly addressed by Coinbase's developers.
#Base continues to monitor for any further issues. Matt Willemsen from Collective Shift noted that Ethereum's layer-2 networks are not as battle-tested as the mainnet, highlighting the challenges of maintaining and improving such blockchain infrastructure.
#Binance
#crypto2023
The ZkSync indexer is an important component of the ZkSync protocol.
It is responsible for indexing and processing the transactions and data on the ZkSync network. It helps users track their transactions, balances, and other activities on the network.
ZkSync indexer is down as gas fees are lower. It means that the indexing service is experiencing some technical issues or is temporarily unavailable. This can happen due to various reasons, such as maintenance, upgrades, or unforeseen technical difficulties.
When the indexer is down, users may experience difficulties in accessing their transaction history, checking their balances, or performing other actions that rely on the indexing service. However, it's important to note that the underlying ZkSync network and its security are not affected by the indexer being down.
#ZkSync #zkSyncEra #layer-2 #ETH
It is responsible for indexing and processing the transactions and data on the ZkSync network. It helps users track their transactions, balances, and other activities on the network.
ZkSync indexer is down as gas fees are lower. It means that the indexing service is experiencing some technical issues or is temporarily unavailable. This can happen due to various reasons, such as maintenance, upgrades, or unforeseen technical difficulties.
When the indexer is down, users may experience difficulties in accessing their transaction history, checking their balances, or performing other actions that rely on the indexing service. However, it's important to note that the underlying ZkSync network and its security are not affected by the indexer being down.
#ZkSync #zkSyncEra #layer-2 #ETH
Optimism, a layer 2 scaling solution for Ethereum, has launched a new testnet faucet called the Superchain Faucet. This faucet allows developers to claim free testnet Ether (ETH) to test their applications on the Optimism network. The Superchain Faucet is different from other testnet faucets because it uses a reputation system based on on-chain identity or GitHub account.
#crypto2023 #optimism
#layer-2
#crypto2023 #optimism
#layer-2
Lisk Protocol Documentation: Bridging the Gap between High-Level Overviews and Technical Details
The Lisk protocol, which guides the blockchains made with the Lisk SDK, is known for being easy to use for developers. It uses an account-based system with modules such as Token, Sequence, Keys, and DPoS, forming a well-organized blockchain setup. The documentation connects general ideas with technical specifics, helping both developers and fans navigate the system with confidence.
Key elements of the protocol include the account-based model, module structure, default modules, transaction types, block structure, and the Lisk-BFT consensus mechanism. Each module, such as Token, Sequence, Keys, and DPoS, handles specific functionalities like token transfers, transaction sequencing, and delegated proof-of-stake.
The documentation delves into block forging, consensus, and security mechanisms, emphasizing the importance of understanding how blocks are created, consensus is reached, and security is maintained. Delegates forge blocks, and the Lisk-BFT protocol ensures security and finality, incorporating a punishment mechanism for protocol violations.
Networking in Lisk involves a decentralized peer-to-peer network, with nodes using WebSockets in the P2P protocol. The RPC and Events layer facilitates node communication, while the application layer ensures a user-friendly interface.
Understanding the Lisk protocol is crucial for developers and blockchain enthusiasts, providing a foundation for secure and efficient decentralized applications. Learning both the big picture and technical details empowers individuals to contribute and innovate within the Lisk community, showcasing the evolving and improving nature of blockchain technology.
#Lisk $LSK #Layer2Transition #Layer2Chains #layer-2
The Lisk protocol, which guides the blockchains made with the Lisk SDK, is known for being easy to use for developers. It uses an account-based system with modules such as Token, Sequence, Keys, and DPoS, forming a well-organized blockchain setup. The documentation connects general ideas with technical specifics, helping both developers and fans navigate the system with confidence.
Key elements of the protocol include the account-based model, module structure, default modules, transaction types, block structure, and the Lisk-BFT consensus mechanism. Each module, such as Token, Sequence, Keys, and DPoS, handles specific functionalities like token transfers, transaction sequencing, and delegated proof-of-stake.
The documentation delves into block forging, consensus, and security mechanisms, emphasizing the importance of understanding how blocks are created, consensus is reached, and security is maintained. Delegates forge blocks, and the Lisk-BFT protocol ensures security and finality, incorporating a punishment mechanism for protocol violations.
Networking in Lisk involves a decentralized peer-to-peer network, with nodes using WebSockets in the P2P protocol. The RPC and Events layer facilitates node communication, while the application layer ensures a user-friendly interface.
Understanding the Lisk protocol is crucial for developers and blockchain enthusiasts, providing a foundation for secure and efficient decentralized applications. Learning both the big picture and technical details empowers individuals to contribute and innovate within the Lisk community, showcasing the evolving and improving nature of blockchain technology.
#Lisk $LSK #Layer2Transition #Layer2Chains #layer-2
Starknet, a decentralized and scalable layer 2 solution for Ethereum, has deployed its Quantum Leap upgrade, designed to increase the number of transactions per second (TPS) and reduce the confirmation times for the blockchain.
#blockchains #crypto2023
#layer-2
#blockchains #crypto2023
#layer-2
Manta Network Raises $25M For Manta Pacific In One Investment Round
In a significant milestone for Manta Pacific, Manta Network has announced raising $25 million in a Series A funding round, led by Polychain Capital and Qiming Venture Partners. These contributions will be utilized to expand the network, attract more users, and explore different use cases. Manta Pacific aims to introduce its testnet, which features a layer-2 infrastructure for zero-knowledge (ZK) applications, providing a user-friendly and easily integrable set of features.
Crypto Ecosystem Expands with Manta Pacific
Manta Network has successfully raised $25 million in a Series A funding round, with support from cryptographic development team P0x Labs and prominent investors. The funds raised will be utilized to expand the Manta Pacific network, attract a larger user base, and explore possibilities for various use cases.
User-Friendly Zero-Knowledge Applications Targeted
The primary goal of Manta Pacific is to offer developers seamlessly integrable zero-knowledge (ZK) applications with minimal code requirements. This feature significantly reduces the need for cryptographic expertise, making it convenient for developers specializing in decentralized application development.
Innovative Use Cases in Finance and Privacy
Manta Network stands out with its specialized privacy layer, addressing privacy concerns of users in the financial domain. This layer enables users on platforms like Binance to stake tokens based on their assets while maintaining their anonymity.
Diverse ZK Applications by Manta Pacific
Manta Pacific's testnet includes various zero-knowledge (ZK) applications, such as zkHoldEm, a fully on-chain private Texas Hold'em game; zkMe, a protocol for private and verified identity information; and zkPass, a protocol preserving privacy in data verification. #ZEROKNOWLEDGE #layer-2
Success of NFT Platform in Manta Atlantic
Manta Atlantic has made a successful debut as an NFT (non-fungible token) private offering platform. Over 300,000 zero-knowledge soulbond tokens have been minted for primary ecosystem partners. #MANTA #MantaNetwork #zkSBT
Crypto Ecosystem Expands with Manta Pacific
Manta Network has successfully raised $25 million in a Series A funding round, with support from cryptographic development team P0x Labs and prominent investors. The funds raised will be utilized to expand the Manta Pacific network, attract a larger user base, and explore possibilities for various use cases.
User-Friendly Zero-Knowledge Applications Targeted
The primary goal of Manta Pacific is to offer developers seamlessly integrable zero-knowledge (ZK) applications with minimal code requirements. This feature significantly reduces the need for cryptographic expertise, making it convenient for developers specializing in decentralized application development.
Innovative Use Cases in Finance and Privacy
Manta Network stands out with its specialized privacy layer, addressing privacy concerns of users in the financial domain. This layer enables users on platforms like Binance to stake tokens based on their assets while maintaining their anonymity.
Diverse ZK Applications by Manta Pacific
Manta Pacific's testnet includes various zero-knowledge (ZK) applications, such as zkHoldEm, a fully on-chain private Texas Hold'em game; zkMe, a protocol for private and verified identity information; and zkPass, a protocol preserving privacy in data verification. #ZEROKNOWLEDGE #layer-2
Success of NFT Platform in Manta Atlantic
Manta Atlantic has made a successful debut as an NFT (non-fungible token) private offering platform. Over 300,000 zero-knowledge soulbond tokens have been minted for primary ecosystem partners. #MANTA #MantaNetwork #zkSBT
đ Exciting news đ„ Users can now enjoy faster Bitcoin withdrawals with the new layer-2 scaling solution. Lightning Network deposit addresses are now available for lightning-fast access to your Bitcoin deposits. âĄïž #Binanceturns6 #bitcoin #crypto2023 #cryptocurrency #layer-2
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Binance News
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Binance Successfully Integrates Bitcoin on Lightning Network, Enables Deposits and Withdrawals
Binance has announced the successful completion of its integration process for Bitcoin (BTC) on the Lightning Network. With the integration in place, the platform now permits users to make deposits and withdrawals using Bitcoin on the Lightning Network.
Members can locate their assigned Bitcoin (BTC) deposit addresses on the Lightning Network within the "Deposit Crypto" page on Binance's website. To gain further understanding of how to deposit Bitcoin (BTC) on the Lightning Network, users can refer to an FAQ provided by Binance.
Members can locate their assigned Bitcoin (BTC) deposit addresses on the Lightning Network within the "Deposit Crypto" page on Binance's website. To gain further understanding of how to deposit Bitcoin (BTC) on the Lightning Network, users can refer to an FAQ provided by Binance.
In the past month, zkSync, a Layer 2 protocol that scales Ethereum with zero-knowledge proofs, handled more transactions than Ethereum itself. According to L2Beat, zkSync processed 34.7 million transactions, while Ethereum recorded 34.2 million. Another Layer 2 solution, Arbitrum, came in third with 31.4 million transactions.
#zkSnyc #layer-2 #ethereum #arbitrum
#zkSnyc #layer-2 #ethereum #arbitrum
Linea, a Layer 2 network that enables fast and scalable transactions, has opened its mainnet alpha to the public. Users can now access Lineaâs features such as low fees, high throughput, and cross-chain interoperability.
#linea #crypto2023
#layer-2
#linea #crypto2023
#layer-2
Linea, a Layer2 network developed by ConsenSys, the research and development firm behind the popular MetaMask crypto wallet, announced the launch of the Alpha version of its mainnet.
#linea #crypto2023
#layer-2
#linea #crypto2023
#layer-2
USDC Going Native on Celo? đ
#Celo and Circle are reshaping finance by introducing USD Coin (USDC) on the Celo blockchain. This collaboration enhances real-world finance, broadening USDC's use cases and fortifying Celo's ecosystem.
Celo's transition to an Ethereum #layer-2 protocol involves a community vote on making USDC the gas currency. The partnership targets expanded USDC access, leveraging Celo's mobile-first user base in high-adoption regions.
Institutional users gain access to the Circle Mint on/off-ramp, fostering increased activity on Celo. This aligns with Circle's global expansion and Celo's commitment to regenerative finance.
Despite recent allegations, Circle actively collaborates with global entities, securing #USDC as the second-largest stablecoin with a $26.5 billion market cap.
#Binance
#crypto2024
#Celo and Circle are reshaping finance by introducing USD Coin (USDC) on the Celo blockchain. This collaboration enhances real-world finance, broadening USDC's use cases and fortifying Celo's ecosystem.
Celo's transition to an Ethereum #layer-2 protocol involves a community vote on making USDC the gas currency. The partnership targets expanded USDC access, leveraging Celo's mobile-first user base in high-adoption regions.
Institutional users gain access to the Circle Mint on/off-ramp, fostering increased activity on Celo. This aligns with Circle's global expansion and Celo's commitment to regenerative finance.
Despite recent allegations, Circle actively collaborates with global entities, securing #USDC as the second-largest stablecoin with a $26.5 billion market cap.
#Binance
#crypto2024
What Sparked a 20% Surge in SOLâs Price? đ
Solana's #SOL has seen a 20% recovery since September, partly due to improved fundamentals.
It faced turbulence after the sale of $1.3 billion in SOL from bankrupt FTX, but the #liquidation is being carefully managed.
Confidence grew as SOL reestablished $20 support and upgraded to v1.16, boosting it by 16%. DApps and NFT activity surged, with SOL surpassing Ethereum in active addresses.
It's gaining traction in the NFT market due to cost-efficiency. Solana briefly surpassed Polygon in NFT sales but faces competition from Ethereum's #layer-2 solutions.
The recent network upgrade enhances privacy and security. Ethereum's ecosystem still dominates investor attention.
#Binance
#crypto2023
Solana's #SOL has seen a 20% recovery since September, partly due to improved fundamentals.
It faced turbulence after the sale of $1.3 billion in SOL from bankrupt FTX, but the #liquidation is being carefully managed.
Confidence grew as SOL reestablished $20 support and upgraded to v1.16, boosting it by 16%. DApps and NFT activity surged, with SOL surpassing Ethereum in active addresses.
It's gaining traction in the NFT market due to cost-efficiency. Solana briefly surpassed Polygon in NFT sales but faces competition from Ethereum's #layer-2 solutions.
The recent network upgrade enhances privacy and security. Ethereum's ecosystem still dominates investor attention.
#Binance
#crypto2023
