Ink is a layer-2 bridge under development by Kraken with the goal of making decentralized finance (DeFi) more efficient by enhancing transaction speed, lowering costs and improving flexibility, reports Cointelegraph. The Ink Testnet will be launched during DevCon in Bangkok on Nov. 12-15, 2024, and the mainnet is scheduled for release in the first quarter […]
Major upgrades underway on Ethereum
What has been described as the biggest change to Ethereum since its move to proof of stake in 2022, is dropping on 13 March 2024. The Dencun Mainnet Announcement details nine specific protocol upgrades that will change how data is stored, significantly reduce transaction costs, or gas fees, and a host of other changes. Coindesk’s […]
In their quest for scalability and cost-effectiveness, many layer-2 networks adopt a centralised approach to on-chain transaction processing, introducing a single point of failure vulnerability. The Metis blockchain, however, has pioneered a distributed sequencer pool to improve security and decentralisation, reports Cointelegraph. The Ethereum blockchain introduced smart contracts to automate certain events on the network, […]