layer 2
Bitcoin Slips Below $24K Amid New Inflation Data; Coinbase’s New Layer 2 Blockchain Has Rocky Rollout
Bitcoin (BTC) failed to recapture the $24,000 support level following the release of the personal consumption expenditure (PCE) index, also referred to as the Fed's favorite inflation gauge. Plus, crypto exchange Coinbase’s new layer 2 blockchain Base had a rough start on Thursday, drawing a stream of complaints from users on social media.

First Mover Americas: Coinbase's New Layer 2 Network Off to Shaky Start
The latest price moves in crypto markets in context for Feb. 24, 2023.

Tokens of Optimism Ecosystem Surge as Coinbase Unveils Its Layer 2 Base
Coinbase said Thursday that it is using Optimism's technology to launch an Ethereum layer 2 scaling product called Base.

Coinbase's New Layer 2 Blockchain, Base, Has Rocky Rollout
The much-anticipated protocol struggled to process user transactions, then became the target of some Twitter shade for changing some terms of a contribution pledge on the fly.

Coinbase Joins the Ethereum Layer 2 Rat Race – Can It Grow?
The U.S. exchange, which has long looked for ways to diversify its revenue, will compete in and contribute to the crowded rollup sector.

Optimism Token Up 6.5% as Coinbase Builds Its Layer 2 on the Platform
The layer 2 network, called Base, won't have a native token.

Coinbase Launches Layer 2 Blockchain Base to Provide On-Ramp for Ethereum, Solana and Others
Base is built on Optimism and Coinbase has no plans to issue a new network token.

Matter Labs Says zkSync 2.0 Entering New ‘Era’ With Re-Brand and Developer Rollout
Matter Labs has renamed zkSync 2.0, its zero-knowledge rollup platform, to “zkSync Era” and is making its code open-source.

Polygon Exploring Use of ZK Technology for Main Chain, Co-Founder Bjelic Says
In an interview with CoinDesk, Polygon’s Mihailo Bjelic shared the progress the blockchain is making on becoming a ZK-secure ecosystem.

OP Token Falls After Surprise Optimism Airdrop
The token’s value has fallen as more supply hits the market.

