Ethereum L2 Starknet aims to decentralize core components of its scaling network

Ethereum layer 2 scaling network Starknet has outlined plans to improve the decentralization of three core components of its zero-knowledge proof rollup solution (ZK-rollup).Speaking exclusively to Cointelegraph, Starknet product manager and blockchain researcher Ilia Volokh outlined the f ...

Will the next crypto bull run be dominated by L1s, L2s or something else?

The long-awaited “crypto spring” may be upon us as Bitcoin (BTC) and other cryptocurrency markets rise in anticipation of a full-on bull market. Over the recent crypto winter, many different projects have been growing, gaining users and building new networks. Some of these, like Polyg ...

Ethereum layer 2’s will continue to have diverse approaches to scaling — Vitalik Buterin

The Ethereum layer-2 ecosystem is likely to continue evolving with diverse technological approaches, according to co-founder Vitalik Buterin.The co-founder of the smart contract blockchain unpacked the current landscape of Ethereum’s scaling ecosystem on his personal blog, with sever ...

Starknet and zkSync buck trend as crypto ecosystems shed devs by 28%

Ethereum layer-2 scaling solutions Starknet and zkSync are among the few platforms to have increased their total monthly active developer counts over the last 12 months, data shows.While Starknet and zkSync only recorded increases of 3% and 6%, respectively, the likes of Ethereum, Polygon ...

JPMorgan Report Highlights Centralization Concerns and Yield Impact in Ethereum’s Post-Upgrade Landscape

JPMorgan has reported that Ethereum's recent upgrades, known as the Merge and Shanghai, have led to increased centralization in the network and a decline in overall staking yields. The research report highlights concerns about the concentration of control and rehypothecation risks associated with th ...

Debate Emerges Over XRP Ledger’s Transaction Processing Capacity

Prominent XRP influencer Alex Cobb highlighted the impressive statistics of the XRP Ledger (XRPL) blockchain in a recent tweet. According to Cobb, XRP can process 3,400 transactions per second (TPS). He further broke down this figure into minutes, hours, and days to illustrate the blockchain's capab ...

Comparing Optimism and Arbitrum: Ethereum Layer 2 Solutions

Optimism and Arbitrum have emerged as prominent layer-two networks designed to enhance scalability within the Ethereum ecosystem. Both protocols employ optimistic rollups to consolidate numerous transactions into a single batch, alleviating the congestion on the Ethereum network. While they share co ...

Solana’s Bold Vision: Rebuilding Trust and Scaling Fairness for the Future

Solana's Roadmap for Rebuilding Trust After a Challenging Year In an effort to move past the repercussions of FTX's collapse last year, Solana, a layer-1 smart contract blockchain, is charting its course for the next five years. Anatoly Yakovenko, co-founder of Solana, outlined a long-term value ...

Vitalik Buterin on fix for Ethereum centralization — make running nodes easier

The centralization of nodes is one of the biggest problems facing the Ethereum network and should be addressed by making the running of nodes cheaper and easier, according to Ethereum co-founder Vitalik Buterin.At current, the majority of the 5,901 active Ethereum nodes are being run throu ...

Bitcoin Lightning Network is growing, but 3 major challenges remain

The Lightning Network is a layer-2 solution built on top of the Bitcoin blockchain, and its primary objective is to address the Bitcoin network’s scalability issues. It also allows for faster and cheaper transactions by facilitating off-chain payments through a network of payment channels.&n ...

Optimism transaction volumes surpass Abitrum’s for the first time in six months

The Optimism network has surpassed Arbitrum in transaction volume for the first time in six months, according to July 27 data from blockchain analytics platform Artemis. Both networks are layer 2s of Ethereum that use optimistic rollup technology, which compresses and batches transactions before ...

ZK proofs could change the internet, not just Web3 — Aleo exec

Zero-knowledge proofs could be used to solve the “biggest problem” plaguing the internet today: privacy, according to one cryptocurrency executive. Speaking with Cointelegraph at the Ethereum Community Conference (EthCC) the marketing chief at privacy-focused infrastructure pla ...

Cardano price turns bullish, but is there substance to the ADA rally?

Cardano experienced a remarkable price surge of 23.9% on July 13, leaving investors curious about the potential for further gains. This significant rally comes on the heels of a favorable judicial decision regarding XRP (XRP), leading many to question if Cardano (ADA) has what it takes ...

Why is Polygon (MATIC) price up today?

Polygon (MATIC) has experienced a significant price increase on July 13, driven by several key factors. These include a recent positive court ruling for XRP, increased activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0.MATIC ...

ConsenSys launches Linea zkEVM to further scale Ethereum

The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing.Linea is an Ethereum layer-2 scaling network that allows developers to build or migrate dece ...

Starknet’s Quantum Leap hits testnet with TPS reaching ‘triple figures’

Starknet’s Quantum Leap upgrade has been deployed on 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 improvement from its current throughput, thanks to the Version 12 ...

Zero Barriers podcast series: Crypto adoption fueled by ZK-rollups

Cointelegraph is launching Zero Barriers, a special six-part podcast series in collaboration with StarkWare. The series, which features as part of the Decentralize with Cointelegraph podcast, will explore the evolving world of zero-knowledge rollups (ZK-rollups) and the next steps for the adoptio ...

Polygon proposes architecture for ‘Polygon 2.0,’ including aggregator bridge

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 web of networks u ...

The future economy: Anticipating the central role of crypto payments in financial transactions

With crypto gas prices dropping to lows after numerous recent innovations in scaling and interoperability across different chains, we can more vividly imagine a possible shift toward widespread crypto payments.Crypto payments at scale are currently prevented by regulation, lack of u ...

Forget about price! Polkadot Decoded 2023 says bear markets are for building

The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance. The beauty of crypto bear markets is they catalyze a realignment of perspectives and objectives. All the hidden leverage is gone and most of ...

Starknet moves closer to EVM compatibility with upcoming ‘Kakarot’ testnet

Starknet, a zero-knowledge layer-2 scaling solution for Ethereum, is one step closer to becoming fully Ethereum Virtual Machine (EVM) compatible, pending an August testnet launch of Kakarot, a new zkEVM.On June 3, the Kakarot team announced it had received new backing from Ethereum co-foun ...

Vitalik Buterin: Ethereum ‘fails’ without these 3 important ‘transitions’

Ethereum co-founder Vitalik Buterin believes the success of Ethereum will come down to three major technical “transitions” that need to happen almost simultaneously — layer-2 scaling, wallet security and privacy-preserving features.In a June 9 post via his personal blog, ...

CEO Predicts Bitcoin’s Superiority and Continued Growth in 2023

The CEO of bitcoin storage platform Fedi said that bitcoin's superiority over other cryptocurrencies is clear in all aspects, and BTC will strengthen its position by the end of 2023. Obi Nwosu expressed confidence that Bitcoin has the fastest, cheapest, simplest, most decen ...

Lightning Labs Releases Taproot Assets Protocol v0.2: Enhancing Bitcoin Transaction Efficiency

Lightning Labs, developer of Lightning Network, announced the release of Taproot Assets Protocol v 0.2. update, which will avoid possible delays in transaction processing due to Bitcoin network congestion. "We are seeing a surge of interest in Bitcoin blockchain asset ...

Chinese fintech giant Ant Group to launch Web3 open consortium test chain

GM! JP Morgan buys virtually bankrupt First Republik Bank to save depositors, even though the banking system is said to be generally doing well. Meanwhile, BTC closed April in the black, and Block has developed nanochips for mining bitcoin. Bulls and bears continue to battle, though, it's just an ...

Chinese fintech giant Ant Group to launch Web3 open consortium test chain

The company unveiled the project at a conference in Hangzhou Ant Group is also developing the open-source AntChain Bridge Chinese fintech giant Ant Group plans to launch a Web3 open consortium test chain that will be compatible with Ethereum. The company announce ...

Polygon Launches PoS Bridge for Faster Asset Transfers from Ethereum

It will allow transfers from Ethereum Transactions will take 30-60 minutes Polygon announced the launch of the Polygon PoS bridge on the Polygon zkEVM network. Recall that this is a new network that opened at the end of March in beta. We have detailed instruct ...

Aave Introduces Bonsai Solution to Increase Transaction Volume in Decentralized Social Media Apps

The Aave developers have announced a new solution called Bonsai, which is designed to increase the number of processed transactions in the Lens Protocol blockchain-based social network ecosystem. The solution aims to address the scalability issue faced by social networks on the blockchain. Wit ...

Cryptocurrency Trends for 2023: Bitcoin and Ethereum Among Top 10

Bitcoin is ready to break records again, and optimism has prevailed in the market in recent weeks. Will the growth continue and what awaits the prices of the main cryptocurrencies in 2023? The beginning of 2023 pleased cryptocurrency traders. After a serious crypto winter ...