layer-2

Bitcoin-based cross-chain decentralized exchange and wallet Portal raised $34 million in a seed funding round. Investors in the round included OKX Ventures, Arrington Capital, Coinbase Ventures, and Gate.io, the company announced on Jan. 30.  Portal co-founder and CEO Chandra Duggirala said the funding round comprised a combination of a simple agreement for future equity (SAFE) […]

Ethereum co-founder Vitalik Buterin has initiated a discussion on classifying various layer-2 scaling solutions. He contends that the validiums on the blockchain are not authentic rollup solutions. In an X (previously Twitter) exchange this week, Buterin agreed with Daniel Wang, Taiko founder, that the rollup solution on Ethereum is Ethereum’s caladiums are not a bona […]

The Ethereum Foundation is preparing for a substantial upgrade of the account abstraction standard within the Ethereum network to improve efficiency and ease gas consumption. Particularly, this will focus on minimizing the use of gas for layer-2 networks. Gas Reduction Tactics On 10th January, the Ethereum Foundation gave a sneak preview of the substantial revisions […]

Lisk (LISK), the open-source blockchain network and platform for decentralized applications (dApp), noted its decision to join the Ethereum ecosystem as its layer 2 (L2) platform. In an official blog post, he said it is building the upcoming ecosystem on Gelato’s Rollup and powering it via Optimism OP Stack. Lisk’s Leap to L2: Pioneering Web3 […]

Buterin, co-founde­r of Ethereum, stated that te­ams currently engaged in ze­ro-knowledge Ethere­um Virtual Machines (ZK EVMs) should consider Plasma again. Once, Plasma held a strong position as an Ethereum layer-2 growth solution. Buterin emphasized that although rollups remain the ‘gold standard,’ Plasma represents an ‘underrated design space’ one should pay attention to. “Plasma can be […]

Builders of Ethereum scaling solutions known as =nil; Foundation has launched zkSharding for Ethereum. This infrastructure approach aims to improve transaction speeds without compromising the economic security of Ethereum. Unlike similar scaling methods, Sharding secures the Ethere­um network into assorted segme­nts. This facilitates transactions in a less costly and more e­ffective way. With the use­ […]

Ethereum co-founder Vitalik Buterin’s essay explores Ethereum Layer 2 scaling techniques for the smart contract blockchain ecosystem. Co-founder Vitalik Buterin foresees increased complexity in the layer-2 Ethereum ecosystem due to various tech advances. In an update on his blog, the co-founder of the smart contract blockchain opened up about the existing Ethereum scalability landscape where […]