How This Ethereum Scaling Solution Fixed Critical Bug Before A Disaster
In earlier February, the team behind Ethereum layer 2 scaling solution Optimism received word on a critical bug that could allow a bad actor to “create ETH” on the network. The bug was part of the solution’s Geth fork and was discovered by Jay “saurik” Freeman, Head of Technology at Orchid Protocol. Related Reading | […]
Related News
Consensys, an Ethereum software company, announced yesterday the launch of a new scaling solution for Ethereum, called “Consensys Rollups.” The company enlisted Mastercard programmers to design the solution, which aims to allow the network to reach a throughput of 10,000 TPS (transactions per second), according to a PR statement. The solution can be implemented on top of private, permissioned protocols like Quorum, or on public chains like Ethereum.
Consensys to Address Scaling With Mastercard’s Assistance
Consensys, an Ethereum software company, launched....
Arbitrum, an Ethereum Layer-2 (L2) scaling solution, announced it would launch its mainnet for users this August. The tool, which allows Ethereum users to transact with very low fees, had launched in beta version last June, with support from some key projects in the Ethereum sphere, like Uniswap, who received a community vote to integrate it. The project will also launch Arbitrum One, which will have up-to-date information about the projects using its network. Arbitrum To Launch This August Arbitrum, the Ethereum L2 rollup, has announced it will launch in mainnet beta this month, opening....
Scaling solutions sometimes come at the cost of decentralization. Most of DeFi's potential scaling options come at the cost of decentralization, according to Kosala Hemachandra, founder and CEO of crypto wallet solution MyEtherWallet. "From a perspective of fully decentralized blockchains, there's no blockchain that has a good enough scaling solution to support this many transactions," Hemachandra told Cointelegraph in an interview. "When you think from that perspective, Ethereum is the best solution out there."DeFi has boomed in 2020, with Ethereum arguably being the top choice for most....
According to a press release shared with Bitcoinist, Polygon (MATIC) will launch the first Ethereum equivalent layer two scaling solution, called Polygon zkEVM. Based on Zero Knowledge (ZK) Proof or zk roll-up technology, as the name suggests, this solution will provide developers with the tools to “seemingly” plug into the decentralized finance (DeFi) sector. Related […]
The layer two (L2) scaling solution Arbitrum revealed on Wednesday that the team has implemented the project’s Nitro rollup stack migration. Earlier this month, Arbitrum developers noted that the Nitro migration would reduce network fees and improve throughput.
Arbitrum Developers Implement Nitro Update
The Offchain Labs-managed L2 Ethereum scaling solution Arbitrum, told fellow Arbinauts (the project’s users) on Wednesday that the development team has implemented the Nitro upgrade. “All Arbinauts, please prepare for liftoff,” the team explained.
....