Layer 2s


Tech

Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money

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.

Like the suitors courting Penelope in the Odyssey, Ethereum's biggest layer-2 teams are vying to win over the Celo blockchain. (John William Waterhouse, via Wikipedia.)

Opinion

Blockchain Tech Predictions for 2024, From Experts at Ripple, Coinbase, a16z, Starknet

We assembled 10 new year's predictions for blockchain tech trends and developments, from the experts. They might be right.

Blockchain's fortune tellers have no more a crystal ball than in any other sphere of life. But these predictions are as good as any. (Francis Hayman/Metropolitan Museum of Art, modified by CoinDesk)

Tech

Ethereum's Buterin Floats Prospect of Taking Some Layer-2 Functions Back on Main Chain

Vitalik Buterin, a member of the Ethereum Foundation's executive board, once pushed "layer-2" networks as a way to provide faster and cheaper transactions. Now he's got ideas for "enshrining" some of those functions on the main chain.

Ethereum co-founder Vitalik Buterin (Bradley Keoun/modified by CoinDesk)

Consensus Magazine

LOGIK: Tieshun 'Pacman' Roquerre 'Knows His S--t'

The artist made an NFT of the Blur and Blast founder for our Most Influential package.

Logik, artist for the NFT.

Consensus Magazine

Rebecca Rose: 'What Goes on Inside That Brain' of Jesse Pollak's?

The artist made an NFT of the Base leader for our Most Influential package.

Rebecca Rose, the artist behind the NFT.

Tech

BNB Chain’s OpBNB Developers Look to More Than Double Speed in New Roadmap

The roadmap paves the way for heightened performance for the layer-2 blockchain developed by BNB Chain.

Monad Labs is looking to provide faster EVM processing than Ethereum. (Julian Hochgesang/Unsplash)

Finance

Blockchain Startup Kinto Plans 'First KYC'd' Ethereum Layer-2 Network After Raising $5M

Ethereum layer 2 Kinto network features native know-your-customer (KYC) checks and investor accreditation mechanism to help onboard regulated financial institutions.

Ramon Recuero, Kinto CEO and co-founder (Kinto)

Tech

Starknet Foundation Showers STRK Tokens on Contributors, Though They're Not Trading Yet

The foundation, formed in November 2022 after the initial developer StarkWare minted 10 billion STRK tokens, is now awarding early contributors to the Ethereum layer-2 network – even though they're locked for trading at least until next April.

Headshot of Starknet Foundation CEO Diego Oliva

Markets

Ethereum's New Low-Fee Regime May Put Its 'Ultra Sound Money' Thesis to Test

The Ethereum network's revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said.

Ethereum network fees (IntoTheBlock)

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