Eigen Labs CEO says ‘critical milestone’ slashes scalability trade-off
Main Idea
Eigen Labs CEO Sreeram Kannan announced an upgrade to Eigenlayer that allows decentralized services to achieve Ethereum-grade security while operating on layer-2 networks, eliminating the need to choose between security and scalability.
Key Points
1. Eigenlayer's new protocol feature enables Actively Validated Services (AVS) to run on layer-2 networks in addition to Ethereum, with mainnet deployment planned for Q3 2025.
2. The upgrade, called Multi-Chain Verification, allows AVSs to leverage Ethereum's security while scaling to faster, cheaper environments without trade-offs.
3. Validator data, such as stake weights and slashing penalties, ensures AVSs on other blockchains inherit EigenLayer’s pooled security.
4. The upgrade aligns with broader blockchain infrastructure improvements, including Ethereum Foundation's timeline for implementing zkEVM on the mainnet within a year.
5. Eigen Labs' solution aims to support developers across multiple chains, not just Ethereum, enhancing scalability and security for decentralized services.
Description
Eigen Labs CEO Sreeram Kannan told Cointelegraph that Eigenlayer’s upgrade allows decentralized services to have both Ethereum-grade security and scalability.
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