Tag: Layer 2

In crypto today, going green is a big talking point. One way developers are tackling this is with Layer 2 solutions; networks built on top of blockchains like Ethereum. These solutions aim to make transactions faster and cheaper. Some L2s are labeled as "green" because they claim to use less ...

For years, Ethereum reigned supreme as the go-to platform for decentralized applications (dApps) and smart contracts. But in recent times, the ecosystem has faced mounting pressure from both within and without. High gas fees, limited scalability, and stiff competition from nimble Layer 1 (L1) chains and fast-growing Layer 2 (L2) ...

Linea has begun covering layer-2 gas fees for users who bridge assets from the Ethereum mainnet using its native bridge, marking a strategic move to streamline onboarding and enhance accessibility. Announced in a recent X post, the initiative is designed to lower entry barriers for new users by reducing transaction ...

Jesse Pollak, who leads Base and Coinbase Wallet, has hinted that the team is exploring the possibility of introducing COIN to Coinbase's layer-2 network in 2025. While Pollak emphasized that discussions are ongoing, he clarified that there are currently no definitive plans in place. "We are in an exploratory phase ...

In a new blog post published today, October 17, co-founder Vitalik Buterin follows up on his last post on Ethereum’s development by outlining his vision for the next phase, colloquially known as the “Surge. "  Buterin stated that the primary goal of this phase is to scale Ethereum to handle ...

UAE-based fintech company Fasset has launched IOWN, an Ethereum Layer 2 blockchain designed to facilitate ownership of Real World Assets (RWA). According to the company's press release, the platform aims to democratize access to various asset classes, including commodities, real estate, stocks, and bonds, with a particular focus on individuals ...

HashKey Group, a prominent Chinese crypto and blockchain company, has revealed plans to launch the mainnet of its Ethereum layer-2 solution, HashKey Chain, in Q4 2024. The announcement came via the project's official social media account on July 8, 2024, although a specific launch date was not disclosed. Coming soon！ ...

Coinbase's Base has emerged as the leading Ethereum layer-2 network, boasting the highest transaction count and profitability for three consecutive months. According to L2Beat, as of June 10, Base's Total Value Locked (TVL) stands at $8.05 billion. This includes $2.14 billion of assets bridged from Ethereum and $5.92 billion in ...

Marc Boiron, CEO of Polygon, an Ethereum Layer 2 scaling solution, has voiced skepticism about the current push to develop Layer 3 (L3) applications, a new kind of Ethereum scaling solution.  In a social media post published on May 9,  2024, Boiron cited concerns that these L3 networks may heighten ...

CLabs has announced its intention to transition the Celo blockchain from its current independent EVM-compatible Layer 1 blockchain network to a Layer 2 solution within the Ethereum ecosystem. According to CLabs, this transition will enable Celo developers to leverage the wide range of Ethereum tooling and libraries available to them. ...