Venture capital firm A16z revealed the secret behind its tweets that featured an orange ball – the launch of a new Layer 2 rollup client called Magi.

Magi, a new rollup client developed in Rust — has been built on the OP Stack — a software stack specifically designed to create a blockchain dApp ecosystem centered around the Optimism Layer 2 network.

According to the official April 19 announcement, its goal is to enhance diversity and improve the OP Stack ecosystem.

The newly launched Layer 2 rollup client is still under development, and the venture capital firm plans to make it a viable alternative to existing clients. A16z aims to improve the client’s latency, sync speed, and testing frameworks to enhance its performance.

In the world of blockchain, a client serves as a gateway for users to access and interact with the network. It validates transactions and keeps a local copy of the blockchain. Diversity in clients is crucial to ensuring that the network remains resilient and secure without relying on a single point of failure.

The blog reads,

“Magi acts as the consensus client (often called a rollup client in the context of the OP stack) in the traditional execution/consensus split of Ethereum. It feeds new blocks to the execution client in order to advance the chain.”

As reported by CryptoSlate on April 18, Noah Citron — a crypto engineer, posted a tweet featuring an orange dot with the words “coming soon.” This sparked speculation among Twitter users, who compared it to Coinbase’s announcement of a blue dot before revealing its Optimism-based layer 2 solution. A16z Crypto’s CTO, Eddy Lazzarin, responded to the rumors, denying that the firm was working on a layer 2 blockchain.

Andreessen Horowitz— with over $7 billion in dedicated funds for investments in the crypto sector—is among the most prominent investors. A16z Crypto, which is a subsidiary of Andreessen Horowitz, has invested in Optimism, a startup that focuses on Ethereum scaling and was established at the beginning of 2020.

The post A16z’s mystery ‘orange ball’ revealed — new L2 rollup client ‘Magi’ appeared first on CryptoSlate.

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