2 Bitcoin L2 Projects Secure Investments to Enhance Bitcoin’s Defi Capabilities

May 7, 2024 Bitcoin.com

Bitcoin L2

On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million. Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase. Bitcoin L2 Projects Gain Momentum With New Financing Rounds Throughout […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking

May 2, 2024 Bitcoin.com

Bitcoin DeFi

The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States. BOB Mainnet Activates, Project Expects a ‘Bitcoin-Driven Defi Summer’ On May 1, […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Stacks Launches Nakamoto Upgrade to Enhance Bitcoin L2 Functionality

April 24, 2024 Bitcoin.com

Bitcoin

Stacks has initiated the rollout of its Nakamoto upgrade introducing improvements to its Bitcoin layer two (L2) solution. The upgrade aims to bolster transaction speed and security, potentially revitalizing interest in Bitcoin’s extended capabilities. Stacks Initiates Nakamoto Upgrade, Targets Enhanced Bitcoin Scalability Stacks, an L2 protocol addressing Bitcoin’s scalability challenges and expanding its blockchain functionalities, […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Crypto Exchange OKX Launches Proprietary New Ethereum Layer-2 Solution Called ‘X-Layer’

April 17, 2024 The Daily Hodl

Daily Hodl

The crypto exchange OKX has launched the public mainnet of its new Ethereum (ETH) layer-2 (L2) network. The L2, called “X Layer,” onboarded more than 200 decentralized apps (DApps) during its testnet stage, according to a new announcement from the exchange. OKX says the network’s DApps include roughly 40 decentralized finance (DeFi) projects, 12 infrastructure […]

The post Crypto Exchange OKX Launches Proprietary New Ethereum Layer-2 Solution Called ‘X-Layer’ appeared first on The Daily Hodl.

Solana ETF Momentum Grows Amid Reports of SEC Engagement

‘Build on Bitcoin’ Startup Secures $10M in Seed Funding to Advance Hybrid L2

March 28, 2024 Bitcoin.com

Bitcoin

The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the network and […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Stacks Accelerates Toward Mainnet With Strategic Nakamoto Testnet Rollout

March 26, 2024 Bitcoin.com

bitcoin.com

The layer two (L2) project Stacks has officially released its public Nakamoto Testnet, offering a refined testing ground for developers and signers ahead of the mainnet launch. Stacks Introduces Nakamoto Testnet for Comprehensive Pre-Mainnet Testing In a significant step forward for the Stacks ecosystem, the Nakamoto Testnet has been introduced, providing a formal and public […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

From Rollups to Sidechains, L2 Watch Catalogs Dozens of Bitcoin Layer 2 Solutions

March 23, 2024 Bitcoin.com

Bitcoin L2s

In recent years, attention towards layer two (L2) scaling solutions for Bitcoin has persisted, though bitcoin capacity in the Lightning Network has seen a decline. In recent years, other varieties of L2 solutions have emerged, capturing the attention of the crypto community. On March 19, 2024, the lead developer at Blockchair unveiled L2 Watch, an […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Bifrost and Stacks Foundation Team up to Enhance Bitcoin Utility

March 15, 2024 Bitcoin.com

bitcoin.com

In a recent development, the Bifrost Foundation has allied with the Stacks Foundation to explore new opportunities within the Bitcoin ecosystem. This partnership is dedicated to harnessing Bitcoin’s potential by introducing innovative use cases and improving interoperability with assets and protocols based on Bitcoin. Bifrost and Stacks Foundation Partner to Expand Bitcoin Ecosystem On Thursday, […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Blast Network Temporarily Halts Amid Dencun Upgrade; Fix Deployed

March 13, 2024 Bitcoin.com

bitcoin.com

Blast, a new Ethereum layer two (L2) scaling solution, paused its block production due to issues arising from the recent Dencun upgrade on the Ethereum mainnet, with its team diligently seeking a fix. Since launching its mainnet on Feb. 29, 2024, and amassing billions in crypto assets through its Ethereum bridge, the project has gained […]

Solana ETF Momentum Grows Amid Reports of SEC Engagement

Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability

March 9, 2024 Bitcoin.com

bitcoin.com

Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further data indicates that executing a swap on a decentralized exchange (dex) platform could incur a cost of $66. Transfers and Dex Swaps Costlier as Ethereum […]

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