The move was part of zkSync developer Matter Labs’ long-term goal to move its treasury reserves to a blockchain.
Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money
A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like “The Bachelorette,” with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all vying to win the technology mandate.
Cronos, Partner of Crypto.com, to Start Layer 2 Network With Matter Labs
The new “Cronos zkEVM chain” is launching initially as a test network, based on Matter Labs’ software tools, which can be used to spin up new layer 2 and layer 3 “hyperchains” atop Ethereum.
Ethereum’s Buterin Floats Prospect of Taking Some Layer-2 Functions Back on Main Chain
Vitalik Buterin, a member of the Ethereum Foundation’s executive board, once pushed “layer-2” networks as a way to provide faster and cheaper transactions. Now he’s got ideas for “enshrining” some of those functions on the main chain.
Celo Developer Proposes Mid-January Timeline for Evaluating Closely Watched Layer-2 Move
With hot competition between layer-2 technology providers like Optimism, Polygon and Matter Labs, Celo’s choice is being closely watched by the blockchain industry.
The Protocol: Kraken Awakens – as Ethereum L2 Candidate
In this week’s edition of The Protocol newsletter, we explain how Kraken is reportedly considering launching its own layer-2 blockchain, following Coinbase’s recent launch of a similar network, amidst a broader trend of companies creating Ethereum-based transaction solutions.
Kraken Said to Seek Partner to Help Build It a Layer 2 Blockchain Network
The crypto exchange is still considering which blockchain developer should build its network, with Polygon, Matter Labs and the Nil Foundation in the mix, according to people familiar with the situation. Rival crypto exchange Coinbase blazed the trail with Base.
Starknet and zkSync buck trend as crypto ecosystems shed devs by 28%
Monthly active developers across the crypto ecosystem fell 28% year-on-year in October, though some have managed to buck the trend.
The Protocol: Which Ethereum Layer-2 Project ISN’T Competing to Land Celo?
In this week’s issue of The Protocol, we highlight layoffs hitting key firms as well, and how blockchain projects are competing for new mandates – specifically big Ethereum layer-2 developers like OP Labs, Polygon and Matter Labs vying to provide the technology for the Celo blockchain’s new network
Buenos Aires Releases Blockchain Digital Identity Solution Powered by Matter Labs’ ZK Proofs
Citizens of Buenos Aires can access the identity solution, the QuarkID wallet, where they can store their birth and marriage certificates, according to the city government.
‘Ethereum Supreme Court’ Mooted by Blockchain Executive as Alternative to ‘Code Is Law’
A proposal from Matter Labs co-founder Alex Gluchowski would see a “hierarchical system of on-chain courts” arbitrate on-chain disputes.
Matter Labs co-founder proposes ‘Ethereum Supreme Court’ for on-chain disputes
The crypto entrepreneur believes it would scare off bad actors and strengthen the state of the Ethereum network.
Polygon Claims Matter Labs Copied Its Code Without Attribution
In a blog post, Polygon shared that Matter Labs had copy-pasted part of the code from their Plonky2 library.
How the Hunt for Yet-to-Exist Tokens Is Shaping Ethereum’s Layer 2 Landscape
Token airdrops – and the prospect of them – have become a major customer acquisition strategy for Ethereum’s layer 2 scaling projects. But is this strategy a sustainable one?
zkSync Era denies 921 ETH ‘stuck forever’ in smart contract
One member of the cryptocurrency subreddit pointed out that “EVM equivalent” compilers like zkSync Era does not necessarily mean it is fully “EVM compatible.”
Matter Labs Has No Plans for zkSync Era Airdrop, But Crypto Twitter Is Speculating
Based on the precedent set by many crypto projects, including this week’s example with Arbitrum’s airdrop of its ARB token, the speculation over a possible zkSync airdrop isn’t totally unfounded.
Matter Labs Opens zkSync Era to Users, Claiming First in ‘Zero Knowledge’ Tech on Ethereum
After launching ZkSync Era for developers-only last month, the project took the additional step Friday of opening it to general users. The latest push comes just days ahead of Polygon’s planned rollout on Monday of its own “zero knowledge Ethereum Virtual Machine.”
War of Words Over zkEVMs Might Portend Long Struggle to Tech Maturity
As Polygon and Matter Labs race to bring their zkEVMs to market, both will need to make compromises in the name of security.
Matter Labs Says zkSync 2.0 Entering New ‘Era’ With Re-Brand and Developer Rollout
Matter Labs has renamed zkSync 2.0, its zero-knowledge rollup platform, to “zkSync Era” and is making its code open-source.
BitDAO launches $200M zkDAO to advance Ethereum scaling via zkSync
As outlined by its creators, zkDAO will be community-driven and is currently seeking contributors.