Vitalik Buterin Reveals Vision for ApeCoin, Zuzalu, DAOs
Vitalik Buterin advocates for decentralized governance that goes beyond token holdings, promoting a more open structure. Vitalik Buterin, one of the co-creators of Ethereum, expressed his desire on Monday that the future decentralized autonomous organization (DAO) will have a greater number of options to gain extremely decentralized and permissionless formal membership. Buterin asserts that at […]
Optimism to Launch Superchain Features for Layer-3 Devs
Ethereum layer-2 scaling provider Optimism has introduced new superchain features for its Layer-3 devs to help increase the output of its blockchain. Optimism, a provider of scaling solutions for Ethereum, intends to increase the throughput of its blockchain by integrating layer-3 applications onto the OP Stack. The Optimism team announced on May 8 that layer-3 […]
Arcadia Finance Faces Hack on Ethereum, Optimism for $455K
Decentralized finance (DeFi) protocol Arcadia Finance was hacked using a code vulnerability that allowed the hacker to drain funds worth roughly $455,000 from its Ethereum and Optimism vaults. PeckShield, a blockchain investigator, notified Arcadia Finance of a hack and identified the cause as “the lack of untrusted input validation.” Supposedly, the code lacked a mechanism […]
Optimism Integrates Chainlink Automation for DeFi
Chainlink, the leading Web3 services platform, has announced the integration of its smart contract automation service on Optimism, a fast and scalable Layer-2 blockchain. Chainlink Automation is a decentralized and highly performant automation service that allows developers to monitor smart contracts using it’s decentralized node network and trigger key functions based on predefined conditions. This […]
Layer-2 networks Optimism, Arbitrum witness high combined transaction volume
The two largest layer-2 networks, Optimism and Arbitrum currently process more transaction volumes than the mainnet Ethereum due to an increase in on-chain activity on the Ethereum network. Over the last three months, there have been more transactions on Arbitrum and Optimism . In contrast, according to Etherscan, transactions on the Ethereum network have decreased […]