layer 2


Tech

Cryptocurrency Exchange OKX Coming Out With Layer 2 ‘X1’ Built on Polygon Technology

The OKB token will be used for gas fees on the new chain, which comes as rival crypto exchanges including Coinbase and reportedly Kraken are pursuing their own layer-2 projects.

OKX Chief Innovation Officer Jason Lau (OKX)

Tech

Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network

The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base.

Kraken CEO Jesse Powell (CoinDesk)

Tech

Arbitrum Foundation Says 'Orbit' for Layer-3 Networks Now Ready for Mainnet

Orbit is a program for developers to spin up their own layer-3 blockchains atop Arbitrum, which in turn is the largest layer-2 network atop the Ethereum blockchain.

Steven Goldfeder, CEO and co-founder, Offchain Labs and Margaux Nijkerk, CoinDesk reporter (Shutterstock/CoinDesk)

Tech

Scroll Confirms Mainnet Live, as Co-Founder Predicts Speed Gains Over Ethereum

Blockchain data showed that Scroll’s smart contract was deployed on Oct. 8, but the team held off making its official announcement until this week.

Scroll co-founder Sandy Peng (Bradley Keoun)

Tech

Scroll zkEVM Launches, Blockchain Data Shows, Competing With Polygon, Matter Labs

The new Ethereum layer-2 network's debut adds to the competition among rival providers of so-called "zkEVMs," including Polygon and Matter Labs.

Scroll co-founder Sandy Peng (Bradley Keoun)

Tech

Polygon Emerges as Suitor for Celo’s New Layer-2 Blockchain, Competing With OP Stack

Celo, which is ditching its standalone blockchain in favor of a new "layer-2" network atop Ethereum, had originally signaled plans to rely on Optimism's OP Stack, a similar customizable kit to Polygon's but using Optimism’s “optimistic” technology.

Image tweeted by Celo officials on Monday from conference in Barcelona. (Celo)

Tech

Understanding the Economics of Ethereum Layer 2s

Ethereum is on the verge of enormous growth, aided by the L2 blockchains that complement it.

(Rachael Ren/ Unsplash)

Tech

'We Can't Build Something Like This on Ethereum,' Says DYdX Founder as Mainnet Nears

In an exclusive interview, Antonio Juliano, founder of dYdX (and a former Coinbase software engineer), discusses his project's move to build a new layer-1 blockchain using Cosmos technology.

Heashot of dYdX founder Antonio Juliano (dYdX)

Markets

Coinbase’s Base Blockchain Hits Record High for Daily Transactions, Eclipsing Rivals

FriendTech, which is only available on Base, is driving a significant portion of the activity, according to IntoTheBlock.

Base's daily transaction hit record high (IntoTheBlock)

Tech

The Protocol: The CFTC Is Cracking Down on Crypto

The move marks a contrast to its previously 'lenient' image compared to the SEC.

(Héctor J. Rivas/ Unsplash)