Tag: Ethereum

Starknet’s latest upgrade will scale the zk-Rollup’s throughput by 50x or more, but capacity is very different from real-world usage. Starknet’s Quantum Leap upgrade has been deployed on a testnet, with the Ethereum layer-2 scaling protocol claiming it’s capable of processing “hundreds of transactions per second.” If achieved, it would be at least a 50x…

Ethereum co-founder Vitalik Buterin explained the “biggest reason” is because it has to be on a multisig, which is still “fairly difficult” to set up. Ethereum co-founder Vitalik Buterin stated that he does not stake all of his Ether due to multisignature wallets being “complicated in a bunch of ways.” On the June 29 episode of the Bankless podcast, Buterin revealed…

The forthcoming multichain system will use zk proofs to transfer assets between networks. Polygon Labs, creator of the Polygon network, has proposed an architecture for its forthcoming “Polygon 2.0” project. The team suggested in a June 29 blog post that the new project should be made up of four different “layers” that will combine to create a…

More than $208.5 million was lost initially, but approximately $4.5 million was recovered, making the total amount of unrecovered funds over $204 million. Over $204 million was lost in decentralized finance (DeFi) hacks and scams in the second quarter of 2023, according to a June 27 report from Web3 portfolio app De.Fi. The report, titled…

zkSync Era’s new ZK Stack will use recursive scaling and “hyperchains” to create an ecosystem of interoperable protocols and sovereign chains. Ethereum zero-knowledge proof scaling system zkSync Era has unveiled its answer to Optimism’s Superchain concept in the form of ZK Stack. It’s a modular framework for a series of ZK-powered custom blockchains called Hyperchains, which will operate as…

On-chain data and ETH price charts are beginning to hint at a possible rally to $3,000. thereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging. Ether’s technical charts suggest that the asset can reclaim $3,000 if buyers are able to push above the resistance between…