ETH L2 network Optimism takes this route to remove ‘sybil attackers’

The Ethereum Layer 2 network Optimism launched a token and new governance model in April. The team is supposed to distribute the token via an entire season of airdrops. In fact, the team also saw it as a larger move toward a decentralized governance structure known as the (OP) Optimism Collective. Last year, the platform … Read more

Ethereum rollups promised lower fees and faster speeds, but instead we got…

Ethereum’s rollups were pitched as airlines and super highways to make transactions faster within the ecosystem and solve congestion problems. However, reality hasn’t quite panned out the way many rollup enthusiasts predicted it would. I want to speak to your manager! A Huobi Research report by Barry Jiang looked at some problems with rollups that … Read more

Critical bug in Ethereum L2 Optimism, $2M bounty paid

Ethereum Layer-2 solution Optimism has fixed a critical software bug in one of its smart contracts on Ethereum. On February 2nd, the Optimism team was alerted by Jay Freeman of a critical bug in Optimism’s fork of the Ethereum Geth client software. As per the Optimism announcement “Funds Are Safu.” The bug made it possible … Read more

Removing whitelist brings Optimism ‘one step closer to truly open, optimistic’ Ethereum

Do you remember the day you took the training wheels off your bicycle? Maybe you liked them well enough, but knew it was time to move on. Now, an Ethereum rollup – or a Layer 2 solution for scaling transactions – is ready to take the same step. Glass half full Optimism, an Ethereum Virtual … Read more

This Ethereum L2 rose by 1551%, outperformed Loopring, dYdX, Optimism

Ethereum has seen a myriad of Layer-2 solutions developing over time, with the fight to gain prominence never-ending. However, the emergence of Boba Network has challenged some longstanding L2 solutions to place itself in the #2 spot. The new Ethereum L2 champ? Layer-2 solutions have seen some solid domination from Arbitrum, but the second place … Read more

New milestone for Uniswap, but can it breach $30 again

Uniswap’s price remained stagnated for quite some time in the past. The DeFi token shed more than 6% just a couple of weeks ago. However with the recent bullish developments, the flagship token has surged to more than 6% at the time of writing. UNI, the #13th ranked token was trading at the $27 mark. … Read more

The impact of Ethereum L2 solution, Optimism’s upgrade, on Arbitrum

Ethereum has a bunch of different protocols and L2 solutions operating for different purposes. So there is always some sort of competition going on within the network. This one-on-one competition was shattered with the arrival of Arbitrum as it skyrocketed within a few days. But now it looks like its old competition Optimism is back … Read more

Here’s where Ethereum stands amidst the growing L1, L2 competition

The broader crypto-market has been witnessing a relief rally of late. Despite some corrections at press time, the prices of most top coins seemed to be getting back on track on the charts. Amidst the broader market drama, the battle between L1 and L2 solutions has also been intensifying. In effect, the price tug of … Read more