Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base

February 24, 2023 Bitcoin.com

Arbitrum

The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time. Coinbase L2 Scaling Platform Aims to Help Scale the Crypto Economy […]

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Arbitrum’s Daily Transaction Count Surpasses Ethereum for the First Time Ever

February 23, 2023 Bitcoin.com

Arbitrum

According to statistics recorded this week on Tuesday and Wednesday, the layer two scaling project Arbitrum’s transaction count has surpassed Ethereum’s. On Wednesday, Arbitrum processed 1,090,510 transactions, compared to Ethereum’s 1,080,839 transfer count. L2 Scaling Solution Arbitrum’s Daily Transfers Skyrocket Layer two (L2) scaling networks have become popular over the last two years as secondary […]

South African Firm Altvest Capital Adds Bitcoin to Treasury

Combined Transactions on Arbitrum and Optimism L2 Chains Outpace Ethereum’s Daily Transfer Count

January 15, 2023 Bitcoin.com

Arbitrum

Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. Rise of […]

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L2 Scaling Solution Arbitrum Deploys Nitro Rollup Stack Migration

September 1, 2022 Bitcoin.com

announcement

The layer two (L2) scaling solution Arbitrum revealed on Wednesday that the team has implemented the project’s Nitro rollup stack migration. Earlier this month, Arbitrum developers noted that the Nitro migration would reduce network fees and improve throughput. Arbitrum Developers Implement Nitro Update The Offchain Labs-managed L2 Ethereum scaling solution Arbitrum, told fellow Arbinauts (the […]

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L2 Scaling Solution Arbitrum Schedules Nitro Rollup Stack Upgrade for August 31

August 7, 2022 Bitcoin.com

announcement

On August 4, Arbitrum One, the layer two (L2) Ethereum scaling solution, announced the protocol will implement a significant upgrade called Nitro in 25 days. The highly anticipated Nitro migration will take place on August 31, exactly one year after Offchain Labs, the Arbitrum project maintainers, launched the Arbitrum One mainnet. The Arbitrum team says […]

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Cydia Dev Discloses Ethereum L2 Bug — Optimism Attacker Could Have ‘Printed an Arbitrary Quantity of Tokens’

February 13, 2022 Bitcoin.com

1 million players

On February 10, the well-known developer of Cydia and iOS Jailbreak, Jay Freeman, otherwise known as Saurik, published a Twitter thread about a bug he found in the Layer-2 (L2) scaling protocol known as Optimism. According to Freeman, the vulnerability, which has been patched, could have allowed an attacker to create an infinite amount of […]

L2 scaling