The solution comes after 8 years of development and as institutions seek transaction confidentiality.
The move means that Base will now have a security council which will help approve certain network upgrades if needed.
The transition ends a long journey beginning back in July 2023 and a fierce competition, won by Optimism, convincing the Celo ecosystem to build with their tech.
As layer-2 chains continue to proliferate, some Ethereum developers are pushing rollup tech that takes a new approach to interoperability: “based rollups.”
Powered by Optimism's OP stack, Unichain—like other layer-2s on Ethereum—offers faster and cheaper transactions compared to Ethereum's mainnet.
The 78-year-old technology giant is the latest big name company to release a blockchain using Optimism's OP Stack.
Ethereum’s scalability solution may create more problems than it solves. Here’s why we need to look beyond rollups.
The long-anticipated LINEA token comes as the next U.S. president is expected to usher in a more favorable regulatory environment for cryptocurrency.
StarkWare, the main developer firm behind Starknet, had shared in July that it would introduce a proposal for staking on the blockchain, but had not previously fixed the date of the rollout.
According to the team, the confirmation layer will be a critical piece of infrastructure for composability among layer-2 rollups, allowing for two networks to read and trust each other's blocks of transaction data.
One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader.
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism's OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.
The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2 network, following the runaway success enjoyed by Base after it launched in mid-2023.
The news is in line with the ongoing trend that's hit the Ethereum scaling world since the end of 2023: giant and familiar crypto exchanges launching their own layer-2 networks.
The purchase is part of a deal with hardware maker Fabric, that is also producing custom zero-knowledge chips for Polygon's AggLayer.
The migration from POL to MATIC will also bring in some tokenomics changes with a new emission rate of 2%.
For years, Optimism was missing a core feature at the heart of its design: "Fault proofs." On Monday, that tech is finally here.
Unlock the full potential of blockchain with rollups, the ultimate scalability solution for faster, more affordable transactions.
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
The test simulated “proto-danksharding,” a technical feature aimed at reducing the cost of transactions for rollups as well as making data availability cheaper.
The distribution of funds is planned for the first quarter of 2024, and supposed to occur a week after Metis' decentralized sequencer will go live.
Celo originally planned to build its Ethereum layer-2 network with Optimism's OP Stack. Then Polygon and Matter Labs pitched their stacks. Now, Arbitrum, the biggest layer-2, wants in on the bake-off.