Express

Ethereum's Layer 2 Solutions Are Ready For Adoption

Emily Mason

Summary: Creator of Ethereum Vitalik Buterin announced in a tweet on Monday, June 1 that the last stage left in the utilization of Ethereum's Layer 2 is deployment. Ethereum's Layer 2 includes zero-knowledge implementations, state chains and a plasma framework. However, before these features can be utilized, wallet providers and users need to opt into L2 ...

Creator of Ethereum Vitalik Buterin announced in a tweet on Monday, June 1 that the last stage left in the utilization of Ethereum's Layer 2 is deployment.

Ethereum's Layer 2 includes zero-knowledge implementations, state chains and a plasma framework. However, before these features can be utilized, wallet providers and users need to opt into L2 solutions.

If the framework is designed correctly L2 can assure quick withdrawls in the case of a crisis on plasma chains, Buterin said. He also declared the scaling strategy "basically a success."

By Emily Mason

Last Update:

Tags: ,,,
Link: Ethereum's Layer 2 Solutions Are Ready For Adoption   [Copy]
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 22 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 5 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 7 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 9 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 12 days ago
  • You need to login to comment.