Bitcoin Industry Optimistic Amid Bitter Battle for Scaling Solution
For bitcoin industry veteran Tom Kysar, the ongoing debate over how the bitcoin network should resolve key technical concerns has, quite literally, hit home. The former head of marketing for the now-defunct startup Koinify, Kysar lives with two bitcoin evangelists, both of whom he says are on opposite sides of a debate that has so far raged on blogs, forums and through headlines in The New York Times. "I think it's confusing the shit out of a lot of people. The house is split. (One) supports Bitcoin Classic and (the other) ... he’s with the Bitcoin Core guys," Kysar told CoinDesk at The....
Related News
Optimism has garnered interest from the most influential figures in the crypto Industry like Vitalik Buterin. Ethereum is plagued with criticisms of its less than optimal scaling capabilities and high gas prices. There have been talks about increasing the scaling capacity of the Ethereum mainnet for a while now. However, the Ethereum ecosystem needs a solution for scaling right now, and if Ethereum is not able to give these new applications a platform with enough scaling capabilities, they can seek alternatives like the BNB Chain or Cardano. Optimism rollout was created to solve exactly....
On August 17, the decentralized exchange (dex) aggregator 1inch announced the platform will leverage the Layer 2 solution called optimistic rollups provided by the project Optimism. The collaboration with Optimism aims to “substantially increase transaction speeds and lower gas fees for 1inch users.” 1inch to Use the L2 Solution Optimistic Rollups via Optimism Gateway Ever since the Ethereum network has been dealing with transaction congestion and much higher fees in 2021, innovations revolving around Layer 2 (L2) scaling solutions and sidechains have been pushed to the....
Long-awaited layer two scaling is finally being launched on Uniswap v3, albeit in a limited format initially. The long-awaited layer two scaling solutions upgrade for Uniswap has finally been spotted in the wild with the launch of version 3 on Optimistic Ethereum.In a post on July 13, the world’s most popular decentralized exchange stated that it was pleased to finally announce the alpha launch of Uniswap v3 on the Optimistic Ethereum (OΞ) mainnet.The alpha launch is a limited version of the full system which helps developers deploy the system gradually and address any issues that may....
Global auditing giant Ernst & Young has released the third iteration of its zero-knowledge proof Ethereum scaling solution. Ernest & Young's (EY's) attempts to promote secure and private transactions over public blockchains at cheaper costs has culminated in the release of Nightfall 3.The company announced the news via a release on July 1, stating that Nightfall 3 combines zero-knowledge proofs with optimistic rollups — zk-Optimistic Rollups — to improve transaction efficiency on Ethereum.Indeed, zk-Rollups are one of the layer-two scaling solutions being developed to achieve scalability....
Binance, the world’s largest cryptocurrency exchange by volume, announced on Friday that it had integrated the layer-2 scaling solution Optimism because Binance is optimistic about the future of Ethereum’s Layer 2. The exchange explained that, at this time, deposits are the only thing supported; withdrawals will not be available until the exchange achieves optimal liquidity. […]