Public Mainnet Launch For Ethereum Scaling Solution Delayed Until July

Public Mainnet Launch For Ethereum Scaling Solution Delayed Until July
фото показано с : zycrypto.com

2021-3-27 00:06

It has been announced that Optimism, the Ethereum Layer 2 scaling solution, will be delaying the launch of its mainnet till at least July 2021. According to the official announcement, the new launch date is not certain as it still depends on the speed of preparations and “ecosystem readiness”.

Changed Plans for the Optimism Mainnet

Prior to now, the mainnet had been scheduled to roll out this week, according to the team behind Optimism.

“Opening mainnet to the public is not something we can do alone — it will be a collaborative effort between us, projects, and core infrastructure providers like oracles, wallets, nodes & explorers. When we launch, we will do so together as a community.”

The mainnet development has been in the works since 2019 and aims to increase the transaction processing capacity of the Ethereum network and reducing its gas fees. Both will be needed as the network expands and sees more users.

A soft-launch of its Optimistic Virtual Machine (OVM) took place earlier this year in conjunction with Synthetix, a decentralized exchange that will be integrating this OVM solution in four phases on its platform to limit risk exposure.

According to Optimism, this effort has been a success thus far, as higher speeds and lower fees have been enjoyed by users. By their estimate, over $10 million in fees have been saved on over 103,775 transactions.

Synthetix is not the only platform that has embraced Optimism in recent times. Uniswap, a popular decentralized trading platform, has also done so and currently, has plans to launch an  L1 Ethereum mainnet of its version 3 (V3) in May 2021. There are also plans to launch an L2 deployment on Optimism.

The Need for Rollups 

These sorts of rollups are crucial for blockchain networks, especially ones as community-focused and fast-growing as Ethereum. Rollups help the networks to accommodate more people and work more efficiently. Considering the amount of entry that the blockchain and crypto industry has seen over the last few months, the ability to process transactions faster and at a lower cost is crucial.

Even Vitalik Buterin, the founder of Ethereum, has deemed them as powerful tools for scaling in the short and medium-term future while more work will need to be done in the next few years for the Ethereum ecosystem to mature.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ethereum (ETH) на Currencies.ru

$ 1582.77 (-0.08%)
Объем 24H $11.779b
Изменеия 24h: 0.56 %, 7d: -4.20 %
Cегодня L: $1578.32 - H: $1619.46
Капитализация $191.014b Rank 2
Цена в час новости $ 1695.27 (-6.64%)

launch mainnet optimism july scaling ethereum solution

Источник: zycrypto.com

launch mainnet → Результатов: 126


Фото:

Elrond (ERD) Mainnet Launch Date Revealed

Elrond CEO, Beniamin Mincu recently announced that the Elrond (ERD) mainnet would go live on July 30, marking a new phase for the scalable, Secure-Proof-of-Stake (SPoS) blockchain protocol. Elrond Mainnet Launch Date Revealed Elrond, a highly scalable enterprise-grade distributed ledger technology (DLT) project is poised to roll out its mainnet on July 30, 2020.

2020-7-6 18:07


Фото:

Cardano (ADA) is Flashing Bearish Signs as Rally Stalls; Factors to Consider

Cardano (ADA) has been one of the best performing top altcoins seen throughout 2020, only trailing the gains posted by Chainlink and Tezos The crypto has been seeing heightened momentum in recent weeks due to the launch of the highly anticipated Shelley mainnet upgrade This update’s rollout coupled with a few positive news developments have bolstered its buyers Despite showing signs of overt strength, ADA is currently pushing up against a significant resistance level This has […]

2020-7-5 22:00


Cardano starts off first day of Shelley Virtual Summit with 5 new announcements

Cardano’a parent company IOHK started off the Shelley Virtual Summit with 5 major announcements, unveiling some of the innovations that were made possible by the public mainnet launch of Shelley, including its identity solution PRISM, a new model for governance on Voltaire, as well as a $20 million fund aimed at dApp development on Cardano.

2020-7-3 19:59


Фото:

New Theory Claims ‘Satoshi Nakamoto’ Helped Run Drugs for Kingpin Pablo Escobar

Since the launch of the Bitcoin mainnet back in 2009, the most intriguing aspect of the top cryptocurrency has been its pseudo-anonymous founder, Satoshi Nakamoto. The creator of Bitcoin has remained anonymous even after Bitcoin peaked at its highest back in 2017, which has given rise to speculation, conspiracy theories, and of course, impersonators. Many […]

2020-6-9 23:45


Фото:

ConsenSys, Microsoft, EY Launch Privacy-Protecting Blockchain Protocol 

ConsenSys, a firm focused on solving real-world problems with the Ethereum blockchain, has joined forces with Microsoft and Ernst & Young to roll out Baseline Protocol, an innovative solution that makes it easier for enterprises to use the public Ethereum distributed ledger technology (DLT) mainnet without having to bother about privacy issues, according to aRead MoreRead More.

2020-3-6 14:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Smart Money Might Be Repeating This Playbook — ETH Soared 173% Last Time

After a fairly good performance in April, the Ethereum price has reversed almost all its recent gains over the past month. As it crumbled under the weight of the bears heading into the weekend, the altcoin eventually found a cushion of support just above $2,000 in the early hours of Saturday. However, the Ethereum token seems […]

Ethereum Cools Off Below $2,450 – Lower Leverage Sets The Stage For A Breakout

Ethereum is testing resistance as the market heats up and buyers attempt to force a decisive break above the level that has capped the recovery for nearly a month. The price action is building toward a resolution — and top analyst Darkfost has examined the derivatives data behind the current setup in a way that adds structural context to both the consolidation and what it might take to end it.

Ethereum Leverage Ratio Sees Sharp Drop: What It Means

Data shows the Estimated Leverage Ratio has seen a sharp decline for Ethereum on Binance, a sign that traders have been pulling back on risk. Ethereum Leverage Ratio Has Dropped To A Value Of 0.57 As pointed out by an analyst in a CryptoQuant Quicktake post, speculative activity in the Binance Ethereum derivatives market has […]

Ethereum Is Finally Rewarding Risk Again – But the Direction Has Changed

Ethereum is pushing against the $2,400 level but has not been able to close above it, caught in a market that is heating up around it, while the price action remains tentative. The broader environment is increasingly constructive, but ETH is still navigating the lingering effects of the correction that defined the first quarter of […]