Layer-2 adoption could spur the next crypto turning point

A mysterious Redditor may turn out to be clairvoyant with predictions that layer-2 scaling solutions on Ethereum will take center stage in the coming months.

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Vitalik Buterin says ETH Layer-2 fees need to reach $0.05 to be acceptable

Ethereum (ETH) founder Vitalik Buterin said the gas cost levied on Layer-2 solutions must be significantly lower before they can be “acceptable. ” Vitalik commented in response to a tweet by Ryan Sean Adams — a well-known crypto investor — showing a list of gas prices needed to connect tokens to the Ethereum network through different […] The post Vitalik Buterin says ETH Layer-2 fees need to reach $0.

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Ethereum L2 Boba Network valued at $1.5B following Series A

In terms of adoption and TVL, layer-2 scaling solutions continue to lead the cryptocurrency industry by a wide margin.

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Layer-2 money market zkLend raises $5 million in seed round

Ethereum Layer-2 scaling solutions are seeing more and more protocols building on them as the technology becomes increasingly mature. The post Layer-2 money market zkLend raises $5 million in seed round appeared first on CryptoSlate.

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Why Loopring could test $1 soon

Loopring and other Ethereum layer-2 solutions are set to explode as Eth 2.0 is…

The post Why Loopring could test $1 soon appeared first on Coin Journal.

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Ethereum Layer-2 Scaling Initial Deployments Successful

Ethereum is on the move in terms of development and price with the recent successful deployment of a number of layer-2 (L2) scaling solutions. Scaling has long been an issue that has plagued the Ethereum ecosystem; however, that has not stopped developers rolling out new solutions and platforms for it.

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Crypto Payment Processor BitPay Sees More Use in Stablecoins than Layer-2 Solutions

Bill Zielke, BitPay’s Chief Marketing Officer, revealed on Thursday this week that the company was not planning to integrate the layer 2 Bitcoin channels. Bill explains that Bitcoin transactions dominate the customers’ preference hence no rush to switch despite the fees reaching highs of $7 after a 256% spike earlier in the month. The company […]

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RiveX (RVX) Empowering Decentralized Applications, BitMax.io Announced the Listing of RVX

BitMax. io (BTMX. com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the listing of RiveX (RVX) on May 8th at 10:00 a. m. EDT. RiveX has entered the digital asset space with interoperable and scalable Layer-2 solutions.

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Layer-2 Scaling Solutions and How They can Spur Dapp Adoption

Admittedly, the aspirations of blockchain projects are big. The goal, at the end of the day, is to see widespread adoption and traditional companies leveraging blockchain solutions for speed, efficiency, and cost savings.

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Sidechains vs Plasma vs Sharding

Special thanks to Jinglan Wang for review and feedback One question that often comes up is: how exactly is sharding different from sidechains or Plasma? All three architectures seem to involve a hub-and-spoke architecture with a central “main chain” that serves as the consensus backbone of the system, and a set of “child” chains containing actual user-level transactions.

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Celer implementing scaling solution for GXChain to boost dApp experience

CryptoNinjas Celer Network, an advanced layer-2 scaling platform, announced it has formed a strategic partnership with GXChain, an industrial level permissionless blockchain with millions of real ID verified users, to deploy off-chain solutions and accelerate the hundreds of dApps’ transactions on its platform.

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‘HyperDragons’ Video Game Employs Tenfold Protocol’s Layer-2 Scaling on Ethereum

MixMarvel and Tenfold Protocol have joined forces to apply Tenfold’s layer-2 blockchain scalability solutions to “HyperDragons,” a strategy game built on the Ethereum network, in a move that will allow expanded gameplay and decreased transaction costs.

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Layer 1 Should Be Innovative in the Short Term but Less in the Long Term

One of the key tradeoffs in blockchain design is whether to build more functionality into base-layer blockchains themselves (“layer 1”), or to build it into protocols that live on top of the blockchain, and can be created and modified without changing the blockchain itself (“layer 2”).

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