layer 2


Tech

Ethereum Ecosystem Is Getting Busier, Not Quieter, Amid Layer 2 Shift

Many transactions are getting offloaded onto layer-2 blockchains, and those should be included in any analysis of the Ethereum ecosystem.

(José Martín Ramírez Carrasco/Unsplash)

Tech

Ethereum’s Buterin Releases Roadmap Addressing Scaling, Privacy, Wallet Security

In his blog post, Buterin says the network needs to address these components simultaneously; otherwise the blockchain could fail.

Vitalik Buterin shares a new blog post on Ethereum's roadmap to address scaling, privacy, and wallet security. (CoinDesk)

Tech

Arbitrum Temporarily Stopped Processing Due to Software Bug

The Ethereum layer 2 network went out of service for several hours due to a bug in the sequencer and a resulting transaction backlog that stressed the network. A fix was deployed and the network is now processing again.

Arbitrum Booth(Danny Nelson/CoinDesk)

Tech

Optimism Completes ‘Bedrock’ Hard Fork, in Pursuit of Superchain

Developers behind the layer-2 scaling solution for Ethereum say the upgrade will reduce gas fees and cut deposit confirmation times.

(David Mark/Pixabay)

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Tech

Optimism 'Bedrock' Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to 'Superchain'

The "Bedrock” upgrade will improve the usability of the chain by lowering gas fees and cutting deposit-confirmation times by 90% – pitched as a key step toward the Optimism network's goal of becoming a "Superchain."

OP Labs CEO Karl Floersch. (Optimism)

Tech

Blockstream Developer Neigut Expects ‘Cambrian Explosion’ of Bitcoin Layer 2 Protocols

Bitcoin already has one of the most diverse layer 2 ecosystems of any network, but coming technology upgrades could lead to an acceleration in the blockchain's development, according to Blockstream's Lisa Neigut.

Blockstream's Lisa Neigut speaks at Consensus 2023 in Austin, Texas. (CoinDesk)

Finance

Decentralized Exchange Vertex Launches on Ethereum Layer 2 Arbitrum

The platform offers another venue to trade digital assets.

Vertex Protocol co-founder Darius Tabatabai (Vertex)

Tech

How the Hunt for Yet-to-Exist Tokens Is Shaping Ethereum’s Layer 2 Landscape

Token airdrops – and the prospect of them – have become the default customer acquisition strategy for Ethereum's layer 2 scaling projects. But is this strategy sustainable?

Layer 2s with native tokens and blockchain bridges might introduce more problems than they fix as blockchain scaling solutions, Trust Machine's Rena Shah argues. (Creative Commons, modified by CoinDesk)

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Tech

Celo Joins Chainlink Program Giving Developers Access to Data Feeds

More than 90 Celo community members voted in favor of joining the Chainlink Scale program while three voted to not join.

(Markus Spiske/ Unsplash)

Markets

Ethereum Layer 2 Networks’ Total Value Locked Hovers at Near-Record High, Data Shows

TVL soared past $10 billion on the Ethereum blockchain earlier this month before dipping, according to analytics website L2Beat. Arbitrum dominates the layer 2 scaling landscape by market share.

Layer 2 (Etienne Girardet/Unsplash)