Binance Square
Layer2Tokens
9,479 views
9 Posts
Hot
Latest
LIVE
LIVE
Mark Alvin
--
LIVE
--
Bullish
LIVE
RATAKANAN
--
$APT if we reach $SOL MC now. For now let’s go for $20 first 🚀
đŸš€đŸ”„ Ethereum Evolution Alert!đŸ”„đŸš€ Exciting news from the Ethereum front as Gnosis unveils the groundbreaking Dencun upgrade set to revolutionize the network! 🌐✹ Scheduled for launch on Wednesday, March 13th, this upgrade promises to elevate Ethereum to new heights with proto-dank sharding technology, boosting efficiency and security. đŸ› ïžđŸ’Ž 🌟 Impact on Layer 2 Tokens:With the Dencun upgrade in sight, Ethereum Layer 2 (L2) tokens are catching the spotlight! 🚀 Analysts predict a tenfold reduction in transaction fees, making L2 tokens like Arbitrum, Optimism, Lido DAO, and Metis more attractive to traders. đŸ’°đŸ’Œ 💡 Ether (ETH) Surges:Anticipation for the Dencun upgrade sends Ether soaring above $4,000! 📈 Traders are keeping a keen eye on L2 tokens, poised for potential gains in the wake of improved scalability and reduced fees. 💾 Crypto analyst Mike Deutscher emphasizes the game-changing impact of the upgrade on L2 tokens and the Ethereum ecosystem. đŸ‘šâ€đŸ’» Smooth Transition:Ahead of its mainnet debut, the Dencun upgrade undergoes rigorous testing on Ethereum testnets, ensuring a seamless transition and optimal performance. đŸ› ïžđŸ”Ź Following in the footsteps of the Shanghai upgrade, Ethereum's resilience shines through as it adapts to meet the demands of a dynamic landscape. Get ready to ride the wave of Ethereum's evolution with the Dencun upgrade, unlocking new possibilities and potential gains in the crypto realm! 🌊💰 #EthereumEvolution #DencunUpgrade #Layer2Tokens #CryptoBoom 🌟🚀
đŸš€đŸ”„ Ethereum Evolution Alert!đŸ”„đŸš€

Exciting news from the Ethereum front as Gnosis unveils the groundbreaking Dencun upgrade set to revolutionize the network! 🌐✹ Scheduled for launch on Wednesday, March 13th, this upgrade promises to elevate Ethereum to new heights with proto-dank sharding technology, boosting efficiency and security. đŸ› ïžđŸ’Ž

🌟 Impact on Layer 2 Tokens:With the Dencun upgrade in sight, Ethereum Layer 2 (L2) tokens are catching the spotlight! 🚀 Analysts predict a tenfold reduction in transaction fees, making L2 tokens like Arbitrum, Optimism, Lido DAO, and Metis more attractive to traders. đŸ’°đŸ’Œ

💡 Ether (ETH) Surges:Anticipation for the Dencun upgrade sends Ether soaring above $4,000! 📈 Traders are keeping a keen eye on L2 tokens, poised for potential gains in the wake of improved scalability and reduced fees. 💾 Crypto analyst Mike Deutscher emphasizes the game-changing impact of the upgrade on L2 tokens and the Ethereum ecosystem.

đŸ‘šâ€đŸ’» Smooth Transition:Ahead of its mainnet debut, the Dencun upgrade undergoes rigorous testing on Ethereum testnets, ensuring a seamless transition and optimal performance. đŸ› ïžđŸ”Ź Following in the footsteps of the Shanghai upgrade, Ethereum's resilience shines through as it adapts to meet the demands of a dynamic landscape.

Get ready to ride the wave of Ethereum's evolution with the Dencun upgrade, unlocking new possibilities and potential gains in the crypto realm! 🌊💰 #EthereumEvolution #DencunUpgrade #Layer2Tokens #CryptoBoom 🌟🚀
Scaling Up: Optimistic Rollups vs. ZK Rollups ExplainedEthereum's potential is undeniable, but its current limitations - slow transaction speeds and high fees - can be frustrating for users. Thankfully, Layer-2 scaling solutions are emerging to address these challenges. Two prominent contenders are Optimistic Rollups (e.g., $OP , $ARB ) and ZK Rollups (e.g. $STRK ), but what sets them apart? 🚀Optimistic Rollups: Speed with a Side of Caution Imagine a busy restaurant with a single waiter (blockchain). Orders pile up (transactions), leading to long wait times (slow transactions) and hefty bills (high fees). Optimistic Rollups act like a dedicated kitchen to expedite the process: Batching Orders: A "sequencer" gathers multiple transactions (like orders) into batches.Off-chain Processing: These batches are processed quickly and cheaply off the main chain.Proof of Service: The sequencer submits a "proof" back to the main chain, demonstrating the validity of the processed transactions.Dispute Mechanism: Anyone can challenge a transaction's validity by providing evidence on the main chain (though this can be slow). Benefits: Faster Transactions: Processes transactions in batches, significantly increasing speed.Lower Fees: Bulk processing reduces the workload on the main chain, leading to lower fees.Simpler Implementation: Easier for developers to integrate compared to ZK Rollups. Drawbacks: Relies on Trust: The sequencer needs to be honest, as disputes can be slow to resolve.Potential for Fraud: If the sequencer is compromised, fraudulent transactions could be included. đŸ’Ș ZK Rollups: Verified Before Serving Think of ZK Rollups as a restaurant with a rigorous verification system before serving any dish (transaction): Zero-Knowledge Proofs: Transactions undergo complex cryptography to create a "proof" of their validity without revealing all the details.Proof Submission: Only the proof, not the entire transaction data, is submitted to the main chain for verification.High Security: The mathematical nature of proofs guarantees the validity of transactions. Benefits: Ultra-Fast Transactions: Proofs are smaller and quicker to verify, leading to very fast speeds.Enhanced Security: ZK Rollups offer the strongest security guarantees due to the mathematical proofs.Lower Fees: Similar to Optimistic Rollups, ZK Rollups benefit from reduced main chain workload. Drawbacks: Technical Complexity: ZK Rollups are more complex to develop and use compared to Optimistic Rollups.Higher Computational Cost: Generating proofs requires more computational power, potentially impacting transaction speed.Slower Development: The technology is still evolving, and widespread adoption might take time. The best choice depends on the project's priorities. Optimistic Rollups offer a good balance of speed, simplicity, and security for projects that don't require absolute top speeds🚀. ZK Rollups might be ideal for projects demanding the highest level of securityđŸ’Ș and fastest transaction processing, even if it comes with some added complexity. Both Optimistic Rollups and ZK Rollups are actively being developed and improved. As these technologies evolve, they have the potential to revolutionize the scalability and accessibility of blockchain transactions. Stay tuned for future articles where we'll delve deeper into specific Optimistic Rollup and ZK Rollup projects! đŸ”ŽâœŒïž #Write2Erarn #Layer2Tokens #fundamentals #OP #metis

Scaling Up: Optimistic Rollups vs. ZK Rollups Explained

Ethereum's potential is undeniable, but its current limitations - slow transaction speeds and high fees - can be frustrating for users. Thankfully, Layer-2 scaling solutions are emerging to address these challenges. Two prominent contenders are Optimistic Rollups (e.g., $OP , $ARB ) and ZK Rollups (e.g. $STRK ), but what sets them apart?
🚀Optimistic Rollups: Speed with a Side of Caution
Imagine a busy restaurant with a single waiter (blockchain). Orders pile up (transactions), leading to long wait times (slow transactions) and hefty bills (high fees). Optimistic Rollups act like a dedicated kitchen to expedite the process:
Batching Orders: A "sequencer" gathers multiple transactions (like orders) into batches.Off-chain Processing: These batches are processed quickly and cheaply off the main chain.Proof of Service: The sequencer submits a "proof" back to the main chain, demonstrating the validity of the processed transactions.Dispute Mechanism: Anyone can challenge a transaction's validity by providing evidence on the main chain (though this can be slow).
Benefits:
Faster Transactions: Processes transactions in batches, significantly increasing speed.Lower Fees: Bulk processing reduces the workload on the main chain, leading to lower fees.Simpler Implementation: Easier for developers to integrate compared to ZK Rollups.
Drawbacks:
Relies on Trust: The sequencer needs to be honest, as disputes can be slow to resolve.Potential for Fraud: If the sequencer is compromised, fraudulent transactions could be included.
đŸ’Ș ZK Rollups: Verified Before Serving
Think of ZK Rollups as a restaurant with a rigorous verification system before serving any dish (transaction):
Zero-Knowledge Proofs: Transactions undergo complex cryptography to create a "proof" of their validity without revealing all the details.Proof Submission: Only the proof, not the entire transaction data, is submitted to the main chain for verification.High Security: The mathematical nature of proofs guarantees the validity of transactions.
Benefits:
Ultra-Fast Transactions: Proofs are smaller and quicker to verify, leading to very fast speeds.Enhanced Security: ZK Rollups offer the strongest security guarantees due to the mathematical proofs.Lower Fees: Similar to Optimistic Rollups, ZK Rollups benefit from reduced main chain workload.
Drawbacks:
Technical Complexity: ZK Rollups are more complex to develop and use compared to Optimistic Rollups.Higher Computational Cost: Generating proofs requires more computational power, potentially impacting transaction speed.Slower Development: The technology is still evolving, and widespread adoption might take time.

The best choice depends on the project's priorities. Optimistic Rollups offer a good balance of speed, simplicity, and security for projects that don't require absolute top speeds🚀. ZK Rollups might be ideal for projects demanding the highest level of securityđŸ’Ș and fastest transaction processing, even if it comes with some added complexity. Both Optimistic Rollups and ZK Rollups are actively being developed and improved. As these technologies evolve, they have the potential to revolutionize the scalability and accessibility of blockchain transactions.
Stay tuned for future articles where we'll delve deeper into specific Optimistic Rollup and ZK Rollup projects! đŸ”ŽâœŒïž
#Write2Erarn #Layer2Tokens #fundamentals #OP #metis
#ZkSync will airdrop over 3.675 billion ZK tokens next week This represents 17.5% of the total supply of 21 billion ZK tokens. ZKsync stated that this would be a one-time airdrop, with users able to claim tokens starting next week until January 3, 2025. Contributors will be eligible to claim from June 24 onwards. Additionally, 49.1% of the token supply will be allocated through an ecosystem plan, with 17.2% allocated to investors and 16.1% to the Matter Labs team. However, several users have criticized the distribution, claiming that the number of tokens received for the same completion conditions varies. The allocation rules are as follow👇 #Airdropairdrop #Layer2Tokens
#ZkSync will airdrop over 3.675 billion ZK tokens next week

This represents 17.5% of the total supply of 21 billion ZK tokens. ZKsync stated that this would be a one-time airdrop, with users able to claim tokens starting next week until January 3, 2025.

Contributors will be eligible to claim from June 24 onwards.
Additionally, 49.1% of the token supply will be allocated through an ecosystem plan, with 17.2% allocated to investors and 16.1% to the Matter Labs team.

However, several users have criticized the distribution, claiming that the number of tokens received for the same completion conditions varies.

The allocation rules are as follow👇

#Airdropairdrop #Layer2Tokens
LIVE
--
Bullish
🟱 $AXL /Usdt long 🟱 Type: Spot Futures ✔ Entry : Market ✔ Lev 12-15x ✔ Tp :1.489 1.6 Sl 1.29 đŸ”„ Hold Axl it will cross 2$ soon Like share Follow ❀ #BullorBear #TradingLegends #Layer2Tokens $BNB $AXL
🟱 $AXL /Usdt long 🟱

Type: Spot Futures

✔ Entry : Market

✔ Lev 12-15x

✔ Tp :1.489 1.6

Sl 1.29

đŸ”„ Hold Axl it will cross 2$ soon

Like share Follow ❀

#BullorBear #TradingLegends
#Layer2Tokens
$BNB $AXL
Explore the latest crypto news
âšĄïž Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number