đ Rubic as an #Ethereum #Layer2 Network Aggregator đ
Ethereum Networkâs unbeatable leadership in security and decentralization is proven by its over 50% market dominance by TVL. However, its universal popularity often leads to network congestion and overload during periods of high demand, causing high transaction fees and slow transaction times. đźđ¨đ˛
đĄ Layer 2 Explained: âď¸
Even though Ethereum has transitioned to a #Proof-of-Stake consensus algorithm â which is more energy efficient & provides better scalability â slow transaction times and high fees still remain unresolved. đđą
To address these issues, the Ethereum community has been exploring and implementing Layer 2 scaling solutions. Some of the most common Layer 2 solutions for Ethereum are State Channels, Sidechains, Plasma, Validium, and our main topic for today, Rollups! đĄď¸đ
đŁ #OptimisticRollups assume transactions are valid by default and only run the computation, via a fraud proof, in the event of a challenge. đŁ
đľ #Zero-Knowledge Rollups: Run computation off-chain and submit a validity proof to the chain. Explore Zero-Knowledge Rollups here. ZK-Rollups Examples: Loopring, ZKSync, ZKSpace, Aztec, etc. đľ
đ Rubic x Layer 2s đ ď¸
The Rubic Protocol supports the most popular Ethereum Layer 2 Rollups to date, including Arbitrum, Boba, Optimism, and Metis. The latter has recently announced its transition to a first-of-its-kind Ethereum Hybrid Rollup: Metis is building the first-ever Hybrid Rollup by combining Optimistic rollup architecture with Zero-knowledge proofs. We have further plans to expand to ZK-rollups such as zkSync, Polygon Hermez, etc. đđĄď¸
đ¤ Why is Rubic perfect in working with L2s? đ
Rubic.exchange offers more than 15,500 tokens for Cross-Chain Swaps across Layer 2 networks and other 70+ networks, including such popular non-EVM chains like Bitcoin, Tron, Ripple, Solana, etc., with the best rates, highest liquidity, and transaction speeds â all in one click â thanks to Rubicâs aggregation of 90+ DEXs and bridges. đąđđŞ
