Optimism Launches New Hyperchain Feature for Layer 3 Developers
The Ethereum Layer 2 scaling provider hopes to let developers build Layer 3 DApps on its hyperchain.
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The Ethereum Layer 2 scaling provider hopes to let developers build Layer 3 DApps on its hyperchain.
Innovation in the digital asset space appears to be heating up again as old paradigms are abandoned and new horizons are realized.
Layer 3 networks, as discussed by Vitalik Buterin, offer potential cost-saving benefits but do not inherently enhance throughput. Buterin suggests exploring lighter alternatives to achieve similar cost reductions. The debate around classifying L3 and L2 networks remains open, highlighting the evolving nature of the ecosystem. Polygon CEO Marc Boiron presents contrasting views, sparking discussions within the crypto community. Despite the presence of key players like Orbs and zkSync Hyperchains, the L3 ecosystem remains relatively small. Overall, while L3 networks hold promise, ongoing discussions underscore the complexities and uncertainties surrounding their implementation and impact.
Binance introduces $XAI on Arbitrum Layer 3, revolutionizing blockchain gaming with enhanced scalability, reduced gas fees, and reliable network performance.
Manta.Network introduces 'New Paradigm,' a Layer 2 blockchain solution with Zero-Knowledge tech, offering secure transactions and native yields for ETH and stablecoins.
Kraken is currently evaluating potential blockchain developers, including Polygon, Matter Labs, and the Nil Foundation, for their network-building project. This follows in the footsteps of Coinbase, a rival crypto exchange that initiated its own project called Base.
The GeniiData team teamed up with Coinlive and invited three senior industry analysts to discuss the status quo of L2s.
"It's a forgotten vision, I think, and I think one of the reasons it's forgotten is basically because it's priced out of the market," Vitalik Buterin said.