Polygon to Start Much-Awaited Swap of POL Token for Longstanding MATIC
The migration from POL to MATIC will also bring in some tokenomics changes with a new emission rate of 2%.
Rollups
Optimism Pushes for ‘Interoperability’ Between Affiliated Blockchains
Optimism networks that are part of the Superchain rely on Ethereum to communicate with each other in order to move assets, which tends to make such moves slow and expensive. To address that, Optimism is releasing its own interoperability roadmap.
Optimism Finally Gets Its Mission-Critical ‘Fault Proofs’
For years, Optimism was missing a core feature at the heart of its design: “Fault proofs.” On Monday, that tech is finally here.
Avail Confirms Token Airdrop Plans, a Week After Leaked Screenshots
Avail shared in a blog post that 354,605 wallet addresses are eligible to claim the 600 million tokens in their “unification drop.”
Crypto Exchange OKX’s Polygon-Powered Layer 2, ‘X Layer,’ Hits Public Mainnet
The news about X Layer comes as other major cryptocurrency exchanges, like Coinbase and Kraken, have also pursued their own layer 2 networks over the last year.
Venture Firm A16z Releases Jolt, a ‘Zero-Knowledge Virtual Machine’
The release is the product of a16z’s first foray into deep tech research.
Espresso Systems Raises $28M in Fresh Funds, Led By A16z Crypto
The leading shared sequencer firm said it would further invest in its products as well as additional hires.
Ethereum Finalizes ‘Dencun’ Upgrade, in Landmark Move to Reduce Data Fees
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as “proto-danksharding,” which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
Where Did We Go Wrong With Ethereum Scaling?
(Markus Spiske/Unsplash, modified by CoinDesk)
Polygon Releases ‘Type 1 Prover,’ Claiming Milestone Set by Ethereum’s Vitalik Buterin
The announcement means that existing EVM chains or optimistic rollups can connect to the prover without modification, then plug into Polygon’s newly released Aggregation layer, providing access to “all of the liquidity and value on Ethereum itself,” Polygon said.