BITPRISMIA
Ronin is transitioning from an Ethereum sidechain to a full-fledged Ethereum Layer-2 (L2) solution to enhance scalability and security for blockchain gaming, with the move expected to be completed in the first or second quarter of next year.
Bitlayer, a Bitcoin layer-2 network project, raised $5 million through a BTR token sale on platforms like CoinList and Echo, which will be used for operations, team growth, and ecosystem development.
Bitcoin layer-2 project BOB has secured $9.5 million in funding to advance its hybrid BitVM model, aiming to enhance Bitcoin's DeFi capabilities by integrating Ethereum's EVM compatibility with Bitcoin's security.
Vitalik Buterin advocates for faster L2 withdrawals on Ethereum by adopting zero-knowledge (ZK) proof systems to reduce wait times from days to under an hour, prioritizing speed over full decentralization.
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The Base network, a Layer-2 blockchain by Coinbase, experienced a 33-minute outage due to an incomplete sequencer configuration on its backup system, highlighting the importance of robust backup protocols and network stability.
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Linea, an Ethereum Layer-2 network, will integrate Lido v3 to enable ETH staking, offering users enhanced capital efficiency and liquidity through stETH, while expanding DeFi opportunities on the platform.
The Coinbase Base network experienced a temporary halt in block generation but swiftly resumed, demonstrating the resilience and stability of the layer-2 solution.
The Base network, a Layer-2 solution by Coinbase, experienced a 27-minute halt in block production, raising concerns about network stability and prompting discussions on technical challenges and future improvements.