Layer 2 scaling solutions aim to increase the throughput of blockchain networks by offloading some of the transactions and computations to a separate layer. Examples of layer 2 scaling solutions include state channels, sidechains, and plasma.
Ethereum mainnet hits record-breaking 32B weekly gas expenditure
Ethereum L2 networks spent a record-breaking 32 billion gas to validate transactions and activate bridges between Jan. 9 and Jan. 15.
Shiba Inu Shibarium on verge of beta version launch
Shiba Inu calls for patience as Shibarium readies for imminent beta version release expected by Shiba Inu community.
New Messari Q3 report on Polygon – bullish on growth of ecosystem
Active addresses increase 180% as Polygon improves scaling solutions
Algorand CTO responds to criticisms of centralization and permissioned nature of blockchain
John Woods, CTO of Algorand has accepted "It's vital to be able to consider and accept critical views!" while denying that the chain is either centralized or permissioned
USDC, Axelar’s new protocol has bridge-free cross-chain swaps; does away with bridged tokens
Cross-chain swaps can now be routed through USDC and transferred via CCTP to a new chain without the need for a traditional web3 bridge
L2 solution makes Cardano, Algorand network interoperable
Mikomedia is a blockchain interoperability provider which focuses on giving EVM capabilities to smart networks like Cardano, which are originally non-EVM.
Arbitrium’s Offchain Labs acquires leading Ethereum client
Offchain Labs said the move to onboard Prysmatic Labs finds root in their shared commitment to scale Ethereum.
MicroStrategy seeks to hire Bitcoin Lightning Software Engineer
The software engineer will work with the team to build out its Lightning Network-based Software-as-a-Service (SaaS) platform.
Lightning Labs release new update to allow assets to be sent over Bitcoin’s network
When completed, the Taro protocol will allow users to issue and mint assets such as stablecoins on Bitcoin and transfer them via Lightning Network.
White hat hacker grumbles over Arbitrum bounty reward after saving network from $475M loss
The white hat hacker believes his discovery deserves the full $2 million max bounty reward instead of only 400 ETH.
Vitalik Buterns reveals Layer-3s to have “bigger role” as Layer-2 scaling ecosystem matures
Layer-3s are coming. Vitalik sets out his definition of a Layer-2 as debate emerges as to the feasibility of Layer-3s
Binance, Crypto.com to support for BNB beacon chain upgrade
The upgrade is designed to remove DEX features from the Beacon Chain, and focus on improving security and features.
Messari report alleges Optimism growth is inorganic
According to the blockchain analytics firm, evidence suggests that Optimism's transacting address rise was fueled by incentives in its ecosystem.
Mercury Wallet is pitching itself as Bitcoin’s answer to scalability, privacy
Developer Nicholas Gregory thinks Mercury Wallet could be the answer to personal privacy during a time of governmental overreach.
Optimism price slides 9% after $450M worth of OP tokens transferred from multisig
The crypto community has lashed out at Optimism's team for not making an announcement about the transfer beforehand.
Bitcoin Lightning Network at regulatory risk after Tornado Cash saga
Patrick Hansen fears the heavy-handed approach against Tornado Cash may spill over to the Bitcoin Lightning Network.
Dogecoin team warns Dogechain is ‘another knockoff token’
Dogechain will offer DOGE holders access to DeFi, NFTs, and gaming, but Dogecoin warn not to risk your DOGE.