layer 2


Videos

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.

Recent Videos

Markets

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.

Coinbase's new layer 2 network experienced technical difficulties on its first day. (Coinbase)

Markets

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.

Tokens from Optimism's ecosystem outshine market leaders bitcoin and ether. (Peggy_Marco/Pixabay)

Tech

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.

(Chesnot/Getty Images)

Opinion

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.

Brian Armstrong in 2019  (Steven Ferdman/Getty Images)

Markets

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.

Optimism rises 6.5%. (Cryptowatch)

Tech

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.

(Coinbase)

Tech

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.

Now is the time to consider more cash-like privacy-focused CBDC solutions, John Kiff, research director at the Sovereign Official Digital Association and Dr. Jonas Gross, chairman of the Digital Euro Association, write. (israel palacio, Unsplash)

Tech

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.

Polygon co-founder Mihailo Bjelic (Polygon)

Finance

OP Token Falls After Surprise Optimism Airdrop

The token’s value has fallen as more supply hits the market. 

ParaSwap is parachuting onto the Avalanche blockchain. (Tomas Sobek/Unsplash)