sidechains | ForkLog

ForkLog 6 15.09.2021

Outage hits Arbitrum scaling protocol

On September 14, at around 17:14 MSK, the Ethereum Layer-2 solution Arbitrum experienced a 45-minute outage due to a bug in the Sequencer contract. During this period the network did not process transactions.

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ForkLog 4 07.09.2021

Opinion: Ethereum’s Layer-2 transactions surpass Bitcoin’s

On September 5, the daily number of transactions processed by Ethereum's Layer 2 scaling solutions surpassed the same metric on the Bitcoin blockchain — about 250,000 versus about 210,000. The observation was shared by developer Evan Van Ness.

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ForkLog 10 31.08.2021

Arbitrum developers launch mainnet for Ethereum scaling solution

Offchain Labs, the startup behind the Ethereum layer-2 solution Arbitrum, announced the launch of the mainnet and a $120 million funding round from Lightspeed Venture Partners and other investors.

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ForkLog 10 28.07.2021

Aave, Curve and SushiSwap: why leading DeFi projects are integrating with Polygon

ForkLog examined the reasons behind the ecosystem's growth and the architecture of Polygon.

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ForkLog 25 08.06.2021

Ripple’s CTO proposed launching a sidechain based on XRP

Ripple's chief technology officer, David Schwartz, published a proposal to launch federated sidechains based on the XRP Ledger. The solution will enable smart contracts and the creation of decentralised applications using the network's native token. Today I introduced my vision for adding federated sidechains to the XRP Ledger, which means a lot of things, but essentially that anyone who wants to, can run a sidechain to the XRPL. 1/6 https://t.co/5dqXLfdVrk — David Katz Schwartz (@JoelKatz) June 7, 2021

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ForkLog 7 06.05.2021

Opium Protocol launches asset-insurance service for sidechains

The DeFi platform for cryptocurrency derivatives Opium Protocol unveiled Bridge Protection, designed to hedge risks when interacting with sidechains.

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ForkLog 14 19.04.2021

A Second Wind for DeFi: How Developers Scale Ethereum

The question of Ethereum scalability has been one of the most debated since the network's launch. Fortunately, second-layer solutions are being actively developed and deployed.

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ForkLog 9 01.03.2021

Union Square Ventures backs Ethereum layer-2 solution zkSync

The Matter Labs startup, behind zkSync, a layer-2 solution based on zkRollup technology, has closed a Series A funding round. It was led by Union Square Ventures.

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ForkLog 9 09.12.2020

RSK sidechain secured with Bitcoin hash rate

The developer of the RSK sidechain, IOVlabs, changed the method of exchanging bitcoins for the tokenized version of the first cryptocurrency, rBTC. The new system is named Powpeg and uses the Bitcoin network's hash rate as security, according to Bitcoin Magazine.

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ForkLog 8 25.11.2020

Money on Chain launches decentralised exchange Tex on Bitcoin sidechain RSK

The Bitcoin-collateralised DeFi protocol developer Money on Chain announced the launch of the automated decentralised exchange Tex based on the RSK protocol.

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ForkLog 5 29.08.2020

Tether moves first millions of USDT to Ethereum sidechain

The issuer of the stablecoin Tether transferred 3 million USDT to the OMG Network sidechain, a solution for Ethereum scaling.

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ForkLog 12 26.08.2020

BitGo to consider launching an Ethereum sidechain for WBTC amid high fees

BitGo, the custodian, will discuss with developers and the community the possibility of launching an Ethereum sidechain to transfer Wrapped Bitcoin (WBTC). The move was prompted by rising fees in the Ethereum network, according to CoinDesk.

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