Cardano’s Hoskinson ready to support Kraken’s venture into layer-2 scaling solutions

Cardano’s Hoskinson ready to support Kraken’s venture into layer-2 scaling solutions
фото показано с : cryptoslate.com

2023-11-13 11:35

Charles Hoskinson, Cardano (ADA) founder, said he is “game” to help Kraken crypto exchange build its layer-2 network, according to a Nov. 12 post on social media platform X.

Layer-2 networks are scaling solutions that provide scalability and speed to a layer-1 blockchain. These projects have become popular recently due to their cheap transaction fees and ability to improve transaction speed on layer-1 blockchains.

Hoskinson did not provide additional information on how Cardano could help Kraken build its layer-2 network solution.

However, Conrad, a Cardano-based Blade pool operator, pointed out that Kraken would enjoy Cardano’s security and community if it chooses to build on it. He said:

“Imagine Kraken benefitting from the most decentralized L1’s security, taking advantage of all that Cardano has built over the last 5 years while building your own L2. Not only that but you’ll get the entire community behind you immediately.”

Cardano already has a thriving blockchain ecosystem, including the Hydra layer-2 solution launched in May.

Last week, speculations emerged that Kraken might be considering the development of a layer-2 network. According to reports, speculation included collaboration with crypto firms like Polygon or Matter Labs to develop the rumored layer-2 protocol.

However, Kraken failed to confirm or deny the rumors, saying it is “always looking to identify and solve new industry challenges and opportunities.”

Cardano floats blockchain data management system.

Hoskinson’s recommendation comes on the heels of the introduction of Ledger Sync, a Java-based data provisioning tool on the Cardano blockchain. This tool is designed to grant developers access to Cardano Blockchain’s data.

Cardano explained that the framework will be made available under an open-source license, providing developers and partners with an additional tool for chain indexing and enhancing the diversity of the Cardano developer ecosystem.

Furthermore, Cardano highlighted that the creation of Ledger Sync addresses challenges related to data retrieval faced by blockchain-based systems.

The post Cardano’s Hoskinson ready to support Kraken’s venture into layer-2 scaling solutions appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.3748 (-100%)

layer-2 scaling solutions kraken cardano hoskinson social

Источник: cryptoslate.com

layer-2 scaling → Результатов: 126


Polygon Expands Its Footprint As Evolving NFT And Gaming Ecosystems Seek Ethereum Alternatives

Built with an emphasis on simplicity and ease of use, Polygon (previously Matic) is designed to let organizations and businesses create and deploy their own decentralized applications (dApps). The platform serves as a layer-2 scaling solution that addresses the scalability and rising gas costs of Ethereum and other EMV-compatible networks.

2022-1-18 20:24


Фото:

Binance Now Supports Layer 2 ETH Deposits with Arbitrum One Mainnet Integration

Leading cryptocurrency exchange Binance is the first major trading platform to introduce support for Ethereum Layer-2 scaling solution Arbitrum. Binance Now Supports the Arbitrum Network Binance, a leading cryptocurrency trading platform by reported trading volume recently announced that it had integrated support for the Arbitrum One core network along with opening deposits for ether (ETH)Read More

2021-11-21 16:00


Ethereum scaling solution Boba Network now live with public mainnet launch

Boba Network, a next-generation Ethereum scaling solution, today announced the mainnet launch of its layer-2 Optimistic Rollup. Developed by OMG Foundation core contributor Enya, and based on the publicly available, open-sourced Optimism codebase, Boba Network aims to deliver a faster, cheaper, more seamless experience for the next billion users of Ethereum.

2021-9-22 20:17


Фото:

1inch Network (1INCH) Announces Deployment on Ethereum Layer-2 Solution Optimism

Leading DeFi DEX aggregator 1inch Network announced its plans to expand to Ethereum layer-2 scaling solution Optimism. 1inch Goes Live on Optimism In a bid to stay competitive in the DeFi landscape and enable its users to trade cryptocurrencies at minimal transaction fees, DEX aggregator 1inch Network recently announced it would be expanding to OptimisticRead More

2021-8-18 12:00


Celer cBridge goes live on mainnet

Celer, the speedy, affordable value transfer network and undisputed leader in Layer-2 scaling solutions announced that cBridge, its multi-chain network, has gone live on the mainnet. This development makes it possible to transfer tokens across Binance Smart Chain (BNB/USD), Ethereum (ETH/USD), Polygon (MATIC/USD), and Arbitrum at low latency and cost using cBridge, Invezz learned from […] The post Celer cBridge goes live on mainnet appeared first on Invezz.

2021-7-23 14:09


Фото:

EY Open-Sources Code for Zero-Knowledge Layer-2 Protocol on Ethereum

London-based multinational professional services firm EY has open-sourced the prototype code for its zk-proofs Ethereum Layer 2 solution, Nightfall 3. EY Releases Code for Ethereum Layer-2 Scaling Solution According to a report by The Block published July 2, auditing and accounting giant EY has open-sourced the code for Nightfall 3 – a zero-knowledge Layer 2Read More

2021-7-4 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Understanding the phenomenon of Base

Base publicly launched its mainnet just over two months ago, and the launch was phenomenal. Despite the bear market, it demonstrated exponential growth in just over two weeks. Now that the hype around Base has cooled down, it is time to examine the state of the network.