Ethereum Layer-2 Teams Welcome Proposal to Overhaul Blockchain
Far from making zero-knowledge rollups obsolete, the Beam Chain would make them work better, says Polygon. zkSync builder Matter Labs is also bullish.
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Far from making zero-knowledge rollups obsolete, the Beam Chain would make them work better, says Polygon. zkSync builder Matter Labs is also bullish.
This Elastic Chain is composed of multiple chains in the ZKsync ecosystem, but users will feel like they are using a single chain.
The layer-2 blockchain ZKsync, has kicked off its highly anticipated airdrop of its ZK token, with 45% of the tokens already claimed.
According to the plan released Tuesday, 17.5% of ZK’s 21 billion total token supply will be airdropped to users beginning “next week.”
Zero-knowledge (ZK) rollup zkSync has suggested that a governance token airdrop will take place at the end of June.
The chains’ users will be able to opt in or out to use Avail for data availability, to stash the reams of data produced for all their transactions taking place.
Cryptocurrency casino ZKasino went live over the weekend but the launch was met with dismay from investors, who are calling foul on the company for sending $33 million worth of user deposits to staking platform Lido.
A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like “The Bachelorette,” with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all vying to win the technology mandate.
The new fund will focus mainly on early-stage crypto projects, participating in seed-stage and Series A funding rounds.
By making their code open source and easy to replicate, projects including Arbitrum, Optimism and zkSync are making it easier for copycat blockchains to steal away their users – in pursuit of broader ecosystems of related networks.