Layer 2 Solutions | ForkLog

ForkLog 53 03.09.2024

Which layer is your bitcoin? Current paths to scaling the original cryptocurrency

In 2023 the Ordinals project delivered rich fee income to miners and revived the debate about scaling the first cryptocurrency. A culture of building on digital gold spurred a trend to create L2 networks atop bitcoin—Bitcoin Layers (BL). By August 2024 nearly a hundred such efforts existed. ForkLog examined the main methods for scaling bitcoin, […]

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ForkLog 23 29.08.2024

Starknet Enhances Transaction Speed with Parallel Execution and Block Packing

Developers of the Starknet project have introduced a mechanism for executing multiple transactions simultaneously in their layer-two solution. 2-second txs are here ? Parallel Execution and Block Packing are now live on Starknet mainnet! With higher TPS capacity, more frequent blocks and faster tx confirmation time, Starknet is now smoother than ever.https://t.co/x7oPTYByB4 pic.twitter.com/Z23OKboPlT — Starknet […]

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ForkLog 18 29.08.2024

Stacks Developers Initiate Nakamoto Upgrade to Decouple from Bitcoin

The team behind the Bitcoin Layer 2 solution known as Stacks has announced the initiation of the Nakamoto upgrade process, which “decouples” the block production schedule from the first cryptocurrency’s network. Nakamoto Activation Window Begins ? Today marks the beginning of a sequence to safely bring the Nakamoto upgrade and its fast blocks and Bitcoin […]

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ForkLog 32 29.08.2024

Mezo Developers Launch Liquid Staking Bitcoin Token

Developers have launched a liquid staking token for digital gold called stBTC on the Mezo Bitcoin L2 network. As with other similar cases, the asset allows users to earn income while maintaining exposure to the price fluctuations of the leading cryptocurrency. To issue stBTC, one must lock WBTC or tBTC and pay a fee. Holders […]

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ForkLog 14 28.08.2024

Base Surpasses Other L2 Solutions in Active Addresses

According to data from the analytical platform Growthepie, the number of active addresses on the L2 solution Base increased by 45% in August. The network outpaced Arbitrum One, ZKsync Era, and Linea. In the past 24 hours, over 919,000 addresses interacted with Base. By comparison, Arbitrum One saw a decrease of 1.6%, ZKsync Era dropped […]

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ForkLog 32 20.08.2024

Base to Launch Domain Name System on ENS Infrastructure

On August 21, the Base team will launch the Basenames domain name system for its L2 solution, utilizing the Ethereum Name Service (ENS) infrastructure. ‘Very soon’ means…tomorrow Get ready to claim your Basename https://t.co/NQd6aJV0MC — Base (@base) August 19, 2024 According to the announcement, base.eth subdomains will be offered via a Dutch auction, with prices […]

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ForkLog 27 19.08.2024

Optimism Foundation Disables Fraud Protection Due to Vulnerabilities

The Optimism Foundation has restored the L2 network to a permissioned state following the discovery of vulnerabilities in the decentralized fault proof mechanism by auditors. Today, @OPLabsPBC posted an upgrade proposal detailing findings from a recent series of community-driven audits on the Fault Proof System, including the plan to fix the bugs identified as part […]

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ForkLog 21 14.08.2024

Ethereum’s Layer 2 Transactions Hit Record 12.5 Million in a Day

On August 13, the number of transactions processed in a single day by Ethereum’s layer 2 solutions reached a record 12.52 million, according to data from Growthepie. Source: Growthepie. Since the beginning of the year, this figure has increased by more than 140%. A significant driver has been the Coinbase-supported blockchain Base, which approached 4 […]

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ForkLog 16 08.08.2024

Turbo Protocol Unveils Ethereum-Based Layer 2 Solution with 400,000 TPS

The Turbo Protocol team has launched a Layer 2 solution on Ethereum, capable of processing up to 400,000 transactions per second (TPS), reports The Block.

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ForkLog 13 06.08.2024

Ethereum’s On-Chain Activity Reverts to February Levels

The Ethereum mainnet is experiencing a lull. The number of daily transactions has decreased, and the count of daily active addresses (DAU) has fallen. According to Etherscan, 1.1 million transactions were conducted on the network on August 5. In comparison, the peak on January 14 was 1.96 million, and local highs in July reached 1.3 […]

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ForkLog 118 06.08.2024

What is Validium, and how does it help scale Ethereum?

An explainer on Validium’s features and the pros and cons of this Ethereum scaling solution.

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ForkLog 32 05.08.2024

Galaxy Research Questions the Viability of Bitcoin’s Layer 2 Solutions

Most Bitcoin Layer 2 networks may prove unsustainable in the long run, despite their popularity as a promising method for maintaining cheap, fast, and decentralized payments. This conclusion was reached by Galaxy Research. there are dozens of rollups being “built on bitcoin” but only a small few will launch & survive on bitcoin bitcoin doesn’t […]

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