Ethereum scaling solution Optimism upgrades governance structure

The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum (ETH), the world’s largest smart contract platform.  The “Optimism Collective” was introduced Tuesday afternoon in a lengthy post that outlined its mission and governance mandate. Described as a “large-scale experiment […]

The Merge Won’t Solve Ethereum’s Scaling Woes by Itself

In the meantime, the focus has shifted away from the Ethereum network itself to layer 2 systems like “rollups,” which scale the Ethereum network off-chain while borrowing its essential security guarantees. An entire layer 2 industry has popped up to scale, or increase capacity on, Ethereum, with leading products such as Arbitrum, Optimism and Loopring […]

Reddit Seeks Scaling Solution for Ethereum-Based ‘Community Points’

Reddit is anticipating big demand for its Ethereum-based “Community Points” system only one month after rolling out the product. Now the social media site is looking for a scaling solution. Posted in the r/Ethereum subreddit Thursday, Reddit announced a partnership with the Ethereum Foundation to find a Layer 2 (L2) scaling technique for the site’s […]

Bitcoin Still Faces On-Chain Scaling Trouble Ahead, Decred Co-Founder Says

As Bitcoin (BTC) continues to pick up mainstream traction, the asset’s blockchain scalability remains an issue, according to Decred co-founder Jake Yocom-Piatt.  “There is enough demand for on-chain Bitcoin transactions during peak demand times to completely fill blocks and drive fee rates up substantially,” Yocom-Piatt told Cointelegraph, noting the struggles Bitcoin’s network may face during times […]

Someone Just Anonymously Dropped an ETH 2.0 Scaling Solution On Medium

As the world awaits Ethereum (ETH) 2.0 staking implementation, someone operating under the pseudonym “heyheeyheeey” posted a Medium article with a solution based on the protocol.   The concept is a “design for an ETH2 staking solution on top of Argent, that is fast and simple to use so that users with less time, knowledge or […]

Buterin Says Ethereum’s Layer-Two Scaling Development ‘Basically’ Succeeded

Ethereum co-founder Vitalik Buterin said that the blockchain’s layer-two scaling initial deployment has “basically” succeeded. In a June 1 tweet, Buterin claimed that most of the initial work on Ethereum’s second-level scalability solutions is nearly complete.  To back his claim, Buterin linked to a tweet by Ethereum researcher Philippe Castonguay who listed a number of […]

Vitalik Buterin Calls Ethereum Layer 2 Scaling Strategy a Success

In his latest tweet, Buterin has forecasted the success for the Layer 2 scalability of the Ethereum platform adding that there’s still some refinement and deployment left. However, Ethereum 2.0 launch has been delayed further owing to code bug. All eyes of the crypto community are currently on the Ethereum 2.0 scalability solutions. Last week, […]

Ethereum Scaling and Gas-Free Transactions Arrive

Ethereum 2.0 is expected to launch within months, but new scaling solutions and gas-free transactions are already here. The network is also growing more popular, with the number of active wallets more than doubling since January to around half a million. Synthetix scales up optimistically The developers behind the second-largest DeFi protocol, Synthetix, have partnered […]