Tech
Share this article

Venture-Backed Ethereum Project Optimism Delays Launch

The throughput-boosting Layer 2 project said rushing its mainnet launch could have consequences for unprepared projects.

By Danny Nelson
Updated Sep 14, 2021, 12:32 p.m. Published Mar 26, 2021, 1:27 p.m. 1 min read
jwp-player-placeholder

Ethereum-scaling system Optimism delayed its mainnet launch to July after the venture-backed startup’s promise of a debut in March proved to be “overeager,” the project announced Thursday.

  • In a blog post, Optimism, which last month raised $25 million from Andreessen Horowitz and others, admitted the original timeline was unworkable and took many projects by surprise.
  • Rushing its tech salve for raging Ethereum gas fees could have dangerous consequences. “There is a very real risk of” projects getting fraudulently forked by bad actors, the post said.
  • Optimism called July a “rough estimate” for its mainnet launch. A hacker-ready testnet will debut in late April.

Read more: Andreessen Horowitz Leads $25M Round in Ethereum Scaling Solution

Andreessen HorowitzEthereum NewsScalingOptimism

Lebih untuk Anda

Kraken unveils Bitcoin Vault, expanding yield push for BTC holders

Oleh Will Canny|Diedit oleh Jamie Crawley
24 menit yang lalu
Payward and Kraken co-CEO Arjun Sethi. (CoinDesk)

The new earn product lets users generate BTC-denominated rewards through DeFi strategies while keeping exposure to bitcoin’s price.

Yang perlu diketahui:

  • Kraken launched Bitcoin Vault, a new product within Kraken Earn aimed at long-term bitcoin holders seeking passive yield.
  • The product is powered by Veda and operated by Sentora, with funds deployed across DeFi protocols including Aave and Morpho.
  • The crypto platform's broader DeFi Earn offering has grown to more than...
Baca cerita lengkap