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Ethereum-scaling protocol zkSync’s layer-3 prototype set for testing in 2023
Matter Labs chief product officer Steve Newcomb emphasized to Cointelegraph that the launch of its L3 prototype will significantly improve the performance of its L2 solution.
A new layer-3 prototype aimed at further solving Ethereum’s scalability issues is set to be deployed for testing as soon as Q1 2023.
zkSync, a provider of zero-knowledge blockchain solutions, on Oct. 10, announced it is aiming to deploy a new EVM-compatible layer-3 prototype called “Pathfinder” on testnet early next year.
zkSync is an L2 Ethereum scaling protocol designed to bring down network usage costs. It launched a 1.0 version back in June 2020 and is now gearing up for the launch of zkSync 2.0 later this month.
In its most recent blog post, the team explained that the L3 Pathfinder will be a “prototype demonstrating a ZK rollup as a fractal Hyperchain in Layer 3.” It will use recursive scaling.
“It will serve as a foundation for public experimentation, research, and development of Layer 3,” the post read. Read More
Blockchain Technology Company Tradestrike Launches Innovative Crypto Wallet
The mobile wallet will enable millions of crypto investors worldwide to manage their portfolio of digital assets
The digital app comes with fiat on and off-ramp, an intuitive portfolio tracker, and an industry-leading interface tailored to the needs of retail investors
The launch marks a significant next step in TradeStrike’s ambitious roadmap
Blockchain technology company TradeStrike BVI has announced the launch of its new mobile crypto wallet, which will enable retail investors, as well as the 10,000+ holders of its $STRX utility token, to track their portfolio’s performance via a mobile app. The launch has been accompanied by a number of large-scale building projections across a variety of London locations, including Harrods and the Shard, drawing attention to the wallet’s slick functionality and market-leading capabilities.
Users of the StrikeX wallet will be able to swap, track and even purchase crypto directly with fiat currencies, improving accessibility for those who wish to purchase $STRX or other tokens on a variety of ecosystems, including those on Bitcoin, Ethereum, BSC, and Solana blockchains. The wallet provides users around the world with the opportunity to buy with fiat and sell back into fiat via MasterCard & Visa (dependent on geographic location). Read More
Polygon To Launch New Public Testnet For Hermez
Polygon has announced the release of its public zkEVM testnet, which will enable developers to test the development of privacy-enhancing zk-rollups in their respective decentralized applications.
The testnet launch is for Herzez, acquired by Polygon for $250 million last year.
The Race For Ethereum Layer-2 Solutions:
Polygon has rolled out its first public testnet for its new Ethereum scaling solution, Hermes, as competition for finding a leading Ethereum Layer-2 solution begins. Polygon acquired Hermez, an Ethereum Layer-2 scaling solution, for $250 million last year. The scaling solution runs on Ethereum, helping to significantly boost its scalability, enabling it to process significantly more transactions for a significantly lesser fee.
The launch of the public testnet for Hermez marks the first time developers will be able to test the new network. Hermez, part of a scaling solution also known as zkEVMs, which offers benefits around security and applications that most other scaling solutions do not. Zk-rollups promise to significantly enhance the Ethereum blockchain, bunching up a host of transactions and presenting them to the blockchain in a single transaction. Read More
Zero-knowledge KYC could solve the privacy vs compliance conundrum — VC partner
Zero-knowledge Know Your Customer (KYC) would allow businesses to adhere to strict AML/CTF rules while ensuring customer privacy.
As the Web3 industry matures, zero-knowledge Know Your Customer (zkKYC) is becoming more widely discussed as a means to comply with strict financial regulations while maintaining user privacy, according to the partner of a venture capital firm.
In an interview with Cointelegraph, John Henderson, partner at Australian-based venture capital firm Airtree Ventures, said the successful implementation of a zkKYC system would be “great news for both regulators and consumers” and could increase cryptocurrency adoption:
“Institutions and retail users are more likely to participate in DeFi if they can be confident that they are complying with their AML/CTF obligations.”
Henderson explained a zkKYC system would allow users to prove certain things about themselves to service providers without having to divulge personally identifying data such as their names or identification documents. Read More
REFER THREE TO MARKETHIVE TO RECEIVE BONUS AIRDROPS AND ACTIVATE MICROPAYMENTS
As Markethive continues to gain traction with new members joining daily, Markethive is steadfast and in preparation to take a large share of the new Market Network that is the next generation following the social media craze of Web 2.0. Markethive is a Social Market Broadcasting Network. It sounds like a mouthful, and it is!
Markethive is an all-encompassing platform that has integrated;
As Markethive’s foundation is Blockchain-driven, it has its consumer coin, currently named Markethive Coin (MHV), but soon to be renamed Hivecoin (HVC - the Ticker Symbol). It is fully integrated into the system and has created an Ecosystem for all Markethive members, free and upgraded Entrepreneurs.
So Markethive has established its niche as the only Social Market Broadcasting Network with an infinity Airdrop and a system that rewards the users for engaging on the platform and learning how to use it with ongoing, real-time micropayments, otherwise known as a Faucet.
Markethive has the combined power of Facebook, LinkedIn, Marketo, and Amazon, with the real advantage of deriving income within the Markethive system while promoting your business and enjoying the social media interface. Read More
Uniswap, Aave Pile Into Polygon's Speedy Rollup Testnet for Ethereum
Polygon rolled out its first public testnet for its roll-up solution zkEVM, with blue-chip DeFi projects Uniswap and Aave jumping on board.
Polygon announced today the release of its zkEVM public testnet, which will let developers test the deployment of privacy-enhancing zk-rollups in their decentralized applications (dApps).
Zk-rollups are a much-hyped layer-2 scaling solution that promises to dramatically enhance the Ethereum blockchain’s performance by “rolling up” collections of transactions, which are then presented to the blockchain as a single block.
This cuts costs and speeds up transactions, as the blockchain only needs to deal with a single transaction rather than many. It’s particularly useful on Ethereum as the blockchain can only process 15 transactions per second.
Leading DeFi platforms Aave and Uniswap have already jumped on board, as well as web3 social platform Lens and gaming studio Midnight Society.
Polygon co-founder Mihailo Bjelic has encouraged developers to “try out the testnet, help us test its limits, break things and identify bugs, so we can all together deliver the first ever zkEVM to the world!” Read More
Ethereum After the Merge – What’s Next
Just like the stock market, cryptocurrency isn’t faring too well in 2022. Most charts you open these days are going to be in the red for the year, and the economic crisis is probably influencing almost every asset in your portfolio right now.
Ethereum (ETH) is the world’s second-largest cryptocurrency and looking at its YTD (year-to-date) chart, it’s not looking like a particularly promising investment choice this year – now having lost more than 60% of its value so far.
In September, Ethereum’s network got a long-awaited upgrade known as ‘the merge.’ The network shifted from a proof-of-work (PoW) consensus method to a proof-of-stake (PoS) one – basically, that means there is now token staking and validators instead of miners.
More importantly, however, the merge also massively reduced the energy consumption of the Ethereum network. Environmental concern is one of the major reasons for criticism of the crypto space, and many investors consider its high energy usage to be synonymous with environmental pollution.
By solving this problem, Ethereum is looking to become more attractive to investors who hold its energy use as a core reason not to invest or promote wider adoption. We shouldn’t underestimate the difference this might make to private investors who adhere to ESG principles. Read More
Charles Hoskinson Officially Cut Ties with XRP Community
Barely a week after the news of the brawl with Ethereum Classic made the rounds, Cardano founder Charles Hoskinson has publicly declared he is cutting ties with the XRP community.
According to the conversation gleaned from his tweet, Charles seems to have been the main figure behind a ton of trolls associated with the XRP community.
As an outspoken critic of many projects, it comes off as though many supporters of the XRP coin have been taking their pound of flesh on the legendary blockchain developer. Per his tweet, all of the trolling may be coming to an end.
"I think I've blocked most of the XRP trolls who continue to harass unprovoked. I've never seen a group so radically pick up a few words and run with it. Great job turning an ally into someone disgusted and totally checked out," he said.
While many support Charles' actions, a renowned XRP advocate, XRPcryptowolf, jumped into the conversation and advised Charles not to stereotype an entire community based on the behaviour of a selected few. However, Charles seems unperturbed in his stance, stating further;
"It isn't a few trolls. It's been an endless harassment campaign for days. I'm done with it. I want nothing more to do with XRP. The community has accomplished nothing but harming itself. Congratulations." Read More
EasyFi Partners With Voyager for 3-Way Multichain EZ Bridge
EasyFi announced a partnership with Voyager to launch its latest 3-Way Multichain Bridge. The bridge will facilitate quick EZ token transfer across Ethereum, Avalanche, and BNBChain.
This is the first service, and utility EasyFi has added to Avalanche since its platform launch. The development aligns with EasyFi’s previous announcement, where the platform promised to enable cross-chain transfers for EZ tokens.
The platform released an official post to inform users about the bridge and its functioning. Here is how they will work: Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
