Loopring is a decentralized protocol and platform that utilizes a Layer-2 solution to enable high-speed and low-cost transactions within the Ethereum ecosystem. It’s based on zk-Rollups technology, which aggregates multiple transactions into a single entry on the blockchain, reducing the load on the network. Loopring is the first to significantly…
Manta Network is a Layer-2 solution focused on ensuring privacy in the blockchain ecosystem. With the increasing importance of data protection, the Manta Network solution provides secure and anonymous transactions, making it an essential player in decentralized finance (DeFi). Principles of Operation Manta Network operates on zk-SNARK technology (Zero-Knowledge Succinct…
Ethereum is finally making its mark as it steps into the financial mainstream. Spot Ether exchange-traded funds (ETFs) began trading on Tuesday, giving investors a new way to access cryptocurrency without buying it directly. Impact on the Financial Market The introduction of Ethereum ETFs has already made a significant impact…
Cryptocurrencies are becoming crucial in the modern world, but scalability issues persist. Therefore, it’s worth focusing more on the Ethereum Layer-2 Linea solution, an innovative approach to increasing the bandwidth of the Ethereum network. How Linea Works Linea is based on the concept of sidechains, parallel chains that offer faster…
Shibarium is a Layer-2 blockchain network using a unique consensus algorithm, Proof-of-Participation (PoP). Shibarium effectively verifies transactions and adds new blocks to the blockchain, ensuring robust security and performance. Advantages and Disadvantages of Shibarium Advantages: Reducing transaction costs: As a Layer-2 solution on Ethereum, Shibarium significantly lowers transaction costs compared…
The Skale Network is an Ethereum sidechain operating on Layer-2, providing a unique solution for scaling the blockchain. Here are some key features and advantages of the Skale Network: High performance: Skale Network can process up to 2,000 transactions per second, significantly increasing network bandwidth and enhancing the user experience.…
The Metis cryptocurrency, the native coin of the Metis project, is currently one of the most discussed and promising coins among Layer-2 projects. Metis is a unique platform for developing decentralized applications (dApps) that combines the concepts of blockchain and graph computing. This enables the creation highly scalable and efficient…
The MANA cryptocurrency is essential to the Decentraland virtual platform, serving as a unit of exchange within this metaverse. MANA allows users to buy, sell, and rent virtual real estate, items, and land plots. On exchanges, the MANA token is traded like any other cryptocurrency, with its price determined by…
Layer-2 technologies have become key players in blockchain technology, helping to scale networks and reduce transaction costs. One of the promising projects in this area is Aevo. It is necessary to understand Aevo’s strengths and weaknesses and its impact on the token industry and the Ethereum network. Aevo significantly expands…
StarkNet was developed to enhance the scalability, security, and efficiency of cryptocurrencies. This cryptocurrency utilizes algorithms that process transactions without calculating each one on the blockchain. This approach significantly reduces network load and speeds up transaction processing. Zero-Knowledge proofs, which underpin StarkNet, work on the principle that the proving party…