L1 and L2 (programming language)

Scroll’s zkEVM Mainnet Launch Marks a Milestone in Ethereum Scalability and Efficiency

Retrieved on: 
Tuesday, October 17, 2023

As Ethereum attracts more users and projects, this increased traffic can slow down the network and raise costs.

Key Points: 
  • As Ethereum attracts more users and projects, this increased traffic can slow down the network and raise costs.
  • Scroll’s unique bytecode-level Ethereum Virtual Machine (EVM) compatible zkEVM offers a virtually identical experience to Ethereum, empowering developers to essentially copy, paste, and deploy their existing Ethereum projects onto Scroll as-is, with no required changes to the codebase.
  • The development is a testament to Scroll’s commitment to scale Ethereum without compromising security or decentralization.
  • On the Scroll mainnet, users and developers have the same experience as they would on Ethereum, powered by zero knowledge cryptography.

Blueprint launches next-generation digital asset management platform, kick-started by the industry's first zero-fee staking solution

Retrieved on: 
Thursday, August 24, 2023

NEW YORK, Aug. 24, 2023 /PRNewswire/ -- Today, Blueprint unveils its strategy to transform the fragmented digital asset portfolio management landscape.

Key Points: 
  • NEW YORK, Aug. 24, 2023 /PRNewswire/ -- Today, Blueprint unveils its strategy to transform the fragmented digital asset portfolio management landscape.
  • Blueprint, a Hivemind ecosystem company, begins its vision with its first live offering: an industry-first free staking service.
  • Blueprint is actively developing a comprehensive platform addressing all facets of digital asset management.
  • Greenstein added, "The launch of Blueprint marks a transformative phase in digital asset management, with our industry-first staking solution just being the beginning.

Klaytn Foundation Signs Partnership With zkSync Era Developer Matter Labs To Build Hyperchain implementations for Klaytn Blockchain

Retrieved on: 
Tuesday, June 27, 2023

Through this partnership, the two companies will seek to advance zkSync Era's Hyperchain implementations on Klaytn, marking the first technological effort to integrate a Hyperchain Layer powered by ZK-Rollups on a blockchain outside Ethereum.

Key Points: 
  • Through this partnership, the two companies will seek to advance zkSync Era's Hyperchain implementations on Klaytn, marking the first technological effort to integrate a Hyperchain Layer powered by ZK-Rollups on a blockchain outside Ethereum.
  • Moving forward, the two companies will collaboratively explore:
    The signing of this partnership lays the groundwork for technical cooperation between Klaytn Foundation and Matter Labs.
  • Through this, Klaytn Foundation plans to exponentially scale the Klatyn ecosystem infrastructure by working together with Matter Labs to develop Layer 2 and Layer 3 implementations.
  • "Klaytn Foundation understands the scalability challenges that will come with the mass adoption of Klaytn," said Dr. Sam Seo, Representative Director of Klaytn Foundation.

Gnosis Chain and Balancer Continue to Revolutionize the DeFi Landscape with Latest Integration

Retrieved on: 
Wednesday, March 22, 2023

LOS ANGELES, March 22, 2023 /PRNewswire-PRWeb/ -- Gnosis Builders, the ecosystem team for Gnosis Chain, a full EVM (Ethereum Virtual Machine) Layer 1 blockchain prioritizing decentralization and security, announces the latest integration with decentralized finance protocol Balancer. This integration brings deep liquidity to Gnosis Chain and will allow users to deploy funds using applications such as the Balancer App and DeFi yield booster Aura. GnosisDAO, in partnership with Karpatkey, has driven the integration and will be the first adopters of the liquidity pools.

Key Points: 
  • Balancer pools are now available on Gnosis Chain for use by all parties in the Gnosis ecosystem.
  • LOS ANGELES, March 22, 2023 /PRNewswire-PRWeb/ -- Gnosis Builders , the ecosystem team for Gnosis Chain, a full EVM (Ethereum Virtual Machine) Layer 1 blockchain prioritizing decentralization and security, announces the latest integration with decentralized finance protocol Balancer .
  • This integration brings deep liquidity to Gnosis Chain and will allow users to deploy funds using applications such as the Balancer App and DeFi yield booster Aura.
  • "We are excited for Balancer to launch on Gnosis Chain and bring its innovative pools to our users and DAO," said Gnosis Co-Founder, Stefan George.

Axelar & Polygon to Deliver Secure Cross-Chain Communication to Polygon Supernets

Retrieved on: 
Wednesday, October 26, 2022

Axelar , the proof-of-stake blockchain that connects Web3 ecosystems, is partnering with Polygon to deliver secure cross-chain communication to Polygon Supernets as the core infrastructure for an interoperable internet of dedicated EVM blockchains powered by Polygon Edge.

Key Points: 
  • Axelar , the proof-of-stake blockchain that connects Web3 ecosystems, is partnering with Polygon to deliver secure cross-chain communication to Polygon Supernets as the core infrastructure for an interoperable internet of dedicated EVM blockchains powered by Polygon Edge.
  • In short, Axelar is one of the early adopters of Polygon Supernets which will expand the interoperability of Polygon Supernets high-performance app-specific chains that can be optimized for a dApp or a category of dApps.
  • Axelars cross-chain infrastructure will enable developers to build cross-chain dApps on Polygon Edge that compose liquidity and functionality across Web3, said Parth Pathak, General Manager of Supernets at Polygon.
  • Axelar delivers secure cross-chain communication, enabling dApp users to interact with any asset or application, on any chain, with one click.

Skip Raises $6.5 Million Seed Round to Build MEV Solutions

Retrieved on: 
Thursday, September 22, 2022

Skips infrastructure is designed to share MEV profits to validators, stakers, and protocols, while making it easier for traders to execute their strategies.

Key Points: 
  • Skips infrastructure is designed to share MEV profits to validators, stakers, and protocols, while making it easier for traders to execute their strategies.
  • It also protects users from gas wars, transaction spam, frontrunning and sandwich attacks, and other downsides of toxic MEV extraction.
  • Skip is dedicated to building infrastructure that enables blockchains to achieve long-term financial sustainability by harnessing Miner Extractable Value (MEV).
  • Skip is the first MEV infrastructure provider dedicated to giving blockchain communities control over how MEV revenues are captured and distributed.

Web3 Wallet Omni Raises $11 Million USD with MEXC Ventures' Partnership

Retrieved on: 
Saturday, September 17, 2022

Toronto, Ontario--(Newsfile Corp. - September 17, 2022) - According to media sources, Web3 wallet Omni announced that it had completed an equity financing of $11 million USD at a valuation of $50 million USD in May this year.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - September 17, 2022) - According to media sources, Web3 wallet Omni announced that it had completed an equity financing of $11 million USD at a valuation of $50 million USD in May this year.
  • The investors included MEXC Ventures, a fund under MEXC, as well as the Spartan Group, GSR Markets, Eden Block, OP Crypto, and more.
  • Omni used to be called Steakwallet and was founded by Serafin Lion Engel, Alex Harley and James Stackhouse.
  • The wallet is the first step in the user's web3 experience, and it is like a transportation hub.

Launching Aleo Testnet 3,the First Layer-1 for Decentralized Private Applications

Retrieved on: 
Wednesday, August 10, 2022

SAN FRANCISCO, Aug. 10, 2022 /PRNewswire/ -- Aleo, the first Layer-1 (L1) for decentralized private applications, today announces the launch of Aleo Testnet 3. For the first time, developers can build and execute fully-private applications on the Aleo Virtual Machine (AVM), and host them on the Aleo blockchain, a decentralized and permissionless network of zero-knowledge validators.

Key Points: 
  • Aleo is launching the first ZK L1 for Web3 developers to build, deploy, and execute decentralized private applications at scale.
  • SAN FRANCISCO, Aug. 10, 2022 /PRNewswire/ -- Aleo , the first Layer-1 (L1) for decentralized private applications, today announces the launch of Aleo Testnet 3.
  • Today, the Aleo team is allocating twenty-five (25) million credits to reward developers, provers, and validators on Aleo Testnet 3.
  • Our focus is to build the absolute best developer framework for decentralized private applications," said Howard Wu, Co-Founder & CEO of Aleo.

Osmosis Expands Cross-Chain Footprint to Polkadot through Integration with Axelar and Moonbeam

Retrieved on: 
Tuesday, July 19, 2022

COSMOS, Minn., July 19, 2022 /PRNewswire/ -- Osmosis, the Cosmos-based interchain automatic market maker (AMM), today announces its integration with Axelar and Moonbeam to enable one-click swaps between Cosmos, Polkadot, and Ethereum-based tokens. Axelar's cross-chain infrastructure provides the secure transport layer to make liquidity from the Polkadot ecosystem available on Osmosis, and because Axelar provides any-to-any connectivity, Cosmos-based tokens will also be able to flow to Moonbeam. The first token to move between ecosystems is DOT, which is now available on Osmosis.

Key Points: 
  • Osmosis now supports seamless cross-chain swaps between the Cosmos, Polkadot, and Ethereum ecosystems
    COSMOS, Minn., July 19, 2022 /PRNewswire/ --Osmosis, the Cosmos-based interchain automatic market maker (AMM), today announces its integration with Axelar and Moonbeam to enable one-click swaps between Cosmos, Polkadot, and Ethereum-based tokens.
  • Axelar's cross-chain infrastructure provides the secure transport layer to make liquidity from the Polkadot ecosystem available on Osmosis, and because Axelar provides any-to-any connectivity, Cosmos-based tokens will also be able to flow to Moonbeam.
  • "The bridging of the Cosmos Interchain and Polkadot Parachain ecosystems is a pivotal integration as we build towards a maximally interoperable blockchain space," said Sunny Aggarwal, Co-Founder of Osmosis Labs.
  • While Polkadot and Cosmos have often been pitted as competitors, this collaboration between Osmosis, Moonbeam, and Axelar demonstrates a shared commitment to interoperability and is a foundational step for deeper integration between the ecosystems.

Osmosis DAO Selects Axelar as Bridge Service Provider, Launches Cross-Ecosystem Swaps

Retrieved on: 
Thursday, June 16, 2022

Osmosis already supports swaps between Ethereum and Cosmos-based tokens and will soon leverage Axelar to support the Avalanche, Binance Smart Chain, Polkadot, and Polygon ecosystems, creating the first permissionless, one-click application for universal cross-chain swaps.

Key Points: 
  • Osmosis already supports swaps between Ethereum and Cosmos-based tokens and will soon leverage Axelar to support the Avalanche, Binance Smart Chain, Polkadot, and Polygon ecosystems, creating the first permissionless, one-click application for universal cross-chain swaps.
  • "With its Interchain DNA, Osmosis is uniquely positioned to grow explosively in an interoperable Web3," said Sergey Gorbunov, Axelar Co-Founder.
  • Axelar received the nod to act as the sole bridge infrastructure provider for Osmosis following a vetting and voting process spearheaded by the Osmosis DAO in coordination with Osmosis Labs, the primary developer team building on Osmosis.
  • The Osmosis community accepted proposals from an array of different bridge providers, and Sunny Aggarwal, Co-Founder of Osmosis Labs, publicly interviewed the leading candidates before the DAO went to vote.