Blockchain

Terraform Labs, a crypto firm, files for bankruptcy in the US.

The cryptocurrency firm associated with the collapsed TerraUSD and Luna tokens has officially initiated bankruptcy proceedings in the United States. The downfall of Terraform Labs’ tokens in May resulted in a staggering $40 billion loss, significantly contributing to the widely recognized “cryptocrash” of 2022. The co-founder, Do Kwon, presently incarcerated in Montenegro, faced legal consequences

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Blockchain

What are Plasma Chains in Blockchain: A Detailed Guide

Plasma chains are a layer 2 scaling solution built on top of the Ethereum blockchain that allows for faster and cheaper transactions. They are one of several “layer 2” technologies like state channels and rollups that are being developed to help Ethereum scale to support higher transaction throughput without sacrificing decentralization or security. In this

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Blockchain Blockchain Rollups

Detailed Guide to the Limitations of Rollups as a Blockchain Scaling Solution

Rollups have emerged as one of the most promising Layer 2 scaling solutions for blockchains like Ethereum. By bundling or ‘rolling up’ transactions off-chain, computing them more efficiently, and only posting the transaction data on-chain, rollups can significantly improve transaction throughput and reduce fees. However, rollups also come with certain limitations and trade-offs compared to

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Blockchain

Flare Welcomes Google Cloud as Validator, FLR Price Rises

In a major partnership underscoring the ongoing blockchain adoption by technology titans, Google’s cloud computing division has allied with Flare, an emerging blockchain network focused on decentralized data transmission. Under this new collaboration, Google Cloud will take on dual responsibilities within the Flare ecosystem as both a validator securing the network and an infrastructure provider

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Blockchain Blockchain Rollups

Rollups Explained: A Guide to Blockchain Rollups

Blockchain rollups are layer 2 scaling solutions designed to help scale blockchain networks like Ethereum by handling transactions off the main chain (layer 1) while storing transaction data on the chain. The key goals of rollups are to reduce fees, increase throughput, and enhance scalability. There are two main types of rollups: ZK-Rollups ZK-rollups or

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Blockchain Blockchain Rollups

The Security Implications of Using Rollups in Blockchain

Rollups are a scaling solution for blockchain networks that bundle or “roll up” transactions off-chain and generate a cryptographic proof that is verified on-chain. This allows the computation and storage to be moved off the main blockchain while still maintaining the security guarantees of the blockchain. Some of the most popular rollup solutions include Optimistic

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Blockchain Blockchain Rollups

Optimistic Rollups vs. ZK-Rollups: A Comparison of Layer 2 Scaling Solutions

As Ethereum has evolved into the leading smart contract protocol, it has run up against inherent limits in transaction throughput and gas fees due to its decentralized architecture. This has led researchers and developers to design innovative “layer 2” scaling solutions that improve performance while inheriting the security guarantees of Ethereum layer 1. Two of

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Blockchain Blockchain Rollups

Understanding zkRollups: Ethereal Scaling Solution

As the blockchain industry continues to develop, scalability remains a crucial issue. The rising demand for faster transaction processing and lower fees has led to the exploration of various scaling solutions, including zkRollups. ZkRollups provide a promising solution to the scalability problem, enabling faster and more efficient transaction processing without compromising on security. In this

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Blockchain Blockchain Rollups

Optimistic Rollups: A Scalability Solution for Ethereum

Ethereum has revolutionized blockchain technology and decentralized applications (dApps) by enabling smart contracts and providing a platform for decentralized finance (DeFi). However, as Ethereum has grown in popularity over the years, it has faced some scaling limitations that have constrained its ability to process large volumes of transactions quickly and cheaply. One solution that has

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Blockchain Blockchain Rollups

Types of Blockchain Rollups: Optimistic to ZK-Rollups

In the world of digital money, blockchain is like the superhero ensuring everything goes smoothly. It keeps track of transactions securely and in real-time. But as more people join in, things get a bit crowded. That’s where Blockchain Rollups come in – they’re like superheroes fixing the traffic issue without messing up the safety and

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