Tag: Layer2

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…

While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled four out of five of their criteria for launch. Base, a new layer 2 application-focused protocol by Coinbase, has just one criterion left to fulfill before being ready for mainnet launch. On June 29, the team said the Optimism-powered, Ethereum-secured network has been…

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…

Mihailo Bjelic suggested that adding zero-knowledge proof technology could bolster the network’s security while still keeping fees low. Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new version will rely on zero-knowledge proofs to increase security. HUGE…

The Binance-founded blockchain has introduced a new layer-2 chain opBNB, though some suggest there are other ways to scale the network. Binance-founded layer-1 blockchain BNB Chain has introduced a new layer-2 chain that it hopes will address its “scalability challenge.” On June 19, BNB Chain unveiled opBNB, which has launched as a testnet. The new layer-2 scaling…

Positive Ethereum and Arbitrum network developments and the eventual improvement in crypto investor sentiment could lend a boost to the ARB price. While the Arbitrum governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth. A recent Nansen report shows that Arbitrum’s activity improved after the airdrop, stabilizing…