Vitalik Buterin Shares Plans To Boost Ethereum Network
At Devcon 2024, Vitalik Buterin focused on the future of Ethereum, emphasizing the inclusivity of the PoS model, Layer 2 scalability, and decentralization. Ethereum co-founder Vitalik Buterin presented his vision for the platform’s future and advancements at Devcon 2024 in Bangkok. His focus was on inclusivity, scalability, and decentralization. Buterin characterized Ethereum as the “world […]
Binance Labs Acquires AI zk Rollup Zircuit: Here’s Why
Binance Labs recently announced their investment in L2 Zircuit, a ZK rollup that promotes security powered by artificial intelligence. To strengthen its resolve to provide consumers with a smooth Web3 experience, Binance Labs, the company’s startup financing and incubation division, recently disclosed that it had invested in AI rollup Zircuit. Zircuit is a zero-knowledge (ZK) […]
Base Tops Other ETH Layer-2- Networks as TVL Surges to $8B
Ethereum layer-2 network Base has surpassed $8 billion in total value locked (TVL) days after surpassing Optimism’s OP Mainnet and now tops all other layer-2 networks. L2Beat data indicates that its TVL as of June 10 is $8.05 billion, which includes $2.14 billion in canonically bridged value (assets that are secured on Ethereum to be […]
ENS Plans Layer-2 Migration to Boost Speed, Reduce Gas Fees
Ethereum Name Service (ENS) plans migration to a layer-2 network to help reduce gas fees and accelerate transaction speed on the network. ENSv2 proposes a separation from the Ethereum mainnet to enhance functionality and scalability. On May 28, ENS Labs, the entity responsible for developing the open-source blockchain naming protocol, formally introduced ENSv2. The primary […]
Cardano Denies Abandoning Layer-2 Project Hydra
Charles Hoskinson, co-founder of Cardano, has dispelled allegations that it had abandoned the network’s Hydra layer-2 scaling initiative, saying it is just pure FUD. The IOHK CEO confirmed to X on March 18 that the project’s developers had not abandoned it. “I am seeing videos that purport Hydra has been abandoned,” he stated, adding, “That […]