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” Optimism and Arbitrum flip Ethereum in combined transaction volume “ Ethereum Layer-2 (L2) on-chain activity has been increasing to the extent that the leading two networks now process more transaction volume than the Ethereum network. Layer-2 networks Arbitrum and Optimism have seen an increase in transactions over the past three months. Comparatively, aside from…
” Paradigm releases ‘Ethereum for Rust’ to help ensure network stability “ Web3 investment firm Paradigm has released a Rust implementation of Ethereum, according to a Dec. 7 announcement from the company’s chief technology office, Georgios Konstantopoulos. The new software, called “Reth,” allows Ethereum validators to launch their nodes using Rust instead of Go, Java,…
” Blockchain-based supply chain platform canned by IBM and Maersk “ United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision. Maersk stated on Nov. 29 that it has begun…
” StarkNet makes Cairo 1.0 open source in first step toward community control “ Zero-knowledge (ZK)-Rollup tech company StarkWare has officially open sourced its new programming language compiler, Cairo 1.0, which will soon be supported on Ethereum layer-2 scaling solution StarkNet in Q1 2023. The news was announced by StarkWare — the company behind StarkNet…
” What is scalping in crypto, and how does scalp trading work? “ Although cryptocurrencies are known for their volatility, they give traders various opportunities to pocket and reinvest the gains. Scalp trading is a crypto strategy that helps scalpers to take risks and make the most of frequent price fluctuations by observing price movements….
” Ethereum co-founder Vitalik Buterin shares vision for layer 3 protocols “ While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” Buterin shared his thoughts in a Sept. 17 post, providing three “visions” of what layer…
” Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth “ The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since…
” Vitalik: Crypto payments will ‘make sense’ as tx costs fall to mere cents — KBW 2022 “ Ethereum co-founder Vitalik Buterin has argued that crypto payments will once again “make sense” as transaction costs will soon fall to fractions of a cent due to layer-2 rollups. The Cointelegraph team currently on the ground at Korea…
” 60 million NFTs could be minted in a single transaction: StarkWare founder “ Zero-knowledge (ZK) rollup tech company StarkWare founder Eli Ben-Sasson says its new Recursive validity proofs could theoretically roll up as many as 60 million transactions into one on the Ethereum blockchain. The zkSTARK co-inventor made the comments to Cointelegraph during ETH…
” Ethereum’s L2 solution ‘Optimism’ rallies 300% in a month — will OP price gains sustain? “ The price of Optimism (OP) has been skyrocketing since the beginning of July due to its proximity to Ethereum. Notably, OP’s price rallied by nearly 300% in over a month to reach $2.31, its second-highest level on record, on…