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Layer 2

cryptocurrency January 5, 2024

Solana co-founder Anatoly Yakovenko has expressed confidence that their blockchain can handle the growing demand for decentralized applications (dapps) without needing layer-2 solutions like those employed by Ethereum. Advertisements Solana Doesn’t Need Layer-2 Solutions In a post on X, Yakovenko argued that Solana’s design, which utilizes a hybrid consensus mechanism, enables it to scale efficiently without […]

cryptocurrency December 28, 2023

Advertisements Use of Layer 2 solutions has risen in 2023. Leading platforms Optimism and Arbitrum closed the year with high network fees and revenue. Ethereum’s [ETH] network has grappled with scalability limitations for years. High transaction fees and network congestion have often prevented innovation and widespread adoption. For example, by May 2022, the average transaction […]

cryptocurrency August 4, 2023

Advertisements Matter Labs has denied allegations of source code plagiarism made by Polygon.  Polygon previously accused Matter Labs of copying part of its open-source code without giving due credit. In response, Matter Labs claimed it had sufficiently attributed the copied code to Polygon. Matter Labs, the crypto firm behind zkSync, has responded to the recent […]

cryptocurrency March 16, 2023

Advertisements Summary: Ethereum Layer 2 protocol Arbitrum will airdrop native tokens under the ticker ARB to community members on Mar. 28. ARB will serve as the governance token for the protocol’s new self-executing DAO and its network – Arbitrum One and Nova. The protocol also announced a layer 3 stack for developers dubbed Orbit to […]

cryptocurrency October 10, 2020

Key Takeaways Matter Labs launched zkSynca  Layer 2 smart contracts testnet with Curve as the first “resident dApp.” Curve has a total value locked (TVL) of $1.07 billion, at press time.  Matter Labs also introduced a new programming language called Zinc for writing smart contracts.  Share this article Matter Labs’ Layer 2 solution will enable […]