Cardano (ADA) creator Charles Hoskinson is calling on crypto leaders to mobilize against the US...
Matter Labs has announced the launch of the first-ever permissionless zkEVM mainnet, called zkSync Era. On Friday, the zkSync Era will move into the public alpha phase as early as 10:00 am ET. A New Scaling Solution The newest Ethereum scaling solution to reach the public mainnet stage, zkSync Era, will go live on Friday. zkSync Era was launched exclusively for developers just last month, with the project taking the next step and opening the platform for general users. Previously known as zkSync 2.0, Era was rebranded to zkSync Era last month as well. The zkSync Era code is also completely open source, which the team sees as a considerable difference maker. Zk-rollups refer to a type of blockchain scaling system that is based on zero-knowledge proofs. In the case of zkEVM, they are a special type of zk rollups that are compatible with the Ethereum Virtual Machine (EVM), making it easier for developers already familiar with the EVM ecosystem to design or reconfigure applications. While developers have been working with zk rollups for years, one has not been available for users that features EVM compatibility. Host Of Projects Show Interest Several notable projects are already live on zkSync Era. These include DeFi Ethereum wallet Argent, and a fractional algorithmic stablecoin, Frax, along with Pyth, an oracle network. Additionally, several Ethereum-based projects, such as 1inch, decentralized exchange Uniswap, and self-custodial wallet MetaMask, have all expressed interest in the project. Users will also be able to bridge funds from Ethereum by using wallets such as MetaMask. “Use zkSync Era Users can now bridge funds & experience dapps built on zkSync Era.” Developers who are familiar with Solidity, Vyper, and Yui programming languages can easily compile code for zkSync Era through the use of LLVM. Compilers such as LLVM convert smart contracts into instructions that the blockchain can interpret. Matter Labs still has to run security audits and will form a Security Council in due course to perform any emergency updates. However, the company has advised users not to risk a significant amount of funds, stating that this is just the alpha network. Gluchowski believes that zkSync Era would have over 200 projects ready to be deployed, believing that a key differentiator would be native account abstraction, allowing users to have a far more user-friendly experience. The zkEVM Wars There has been considerable competition between developers to be the first in the market to come out with a zkEVM. Ethereum scaling solution Polygon had recently announced plans to launch its own zkEVM live as recently, with its equivalent offering set to go live on Monday, the 27th of March. According to Alex Gluchowski, the co-founder of Matter Labs, the timing of the zkSync Era announcement was simply a coincidence and that the company was following a set schedule following the completion of a second public security contest. He also added that the testing of the product has been quite extensive, stating, “Now we feel completely safe to launch. You really need this layered approach to security,” Gluchowski said, adding, “Now we feel comfortable, but I mean, it’s still Alpha — people have to understand it’s still brand new technology.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Layer-1 blockchain Hedera (HBAR) had to pause normal activity this week due to a hack...
The price of GHST was supported by that of DAI stablecoin for over two years.
In the midst of the chaos that is presently plaguing the crypto market for the past twenty-four hours — with USDC depegging from its $1 value to rising concerns over the extent to which it can affect other cryptocurrencies — MakerDAO has devised an emergency plan to protect its native stablecoin DAI, from further exposure The post Will MakerDAO’s New Plan Save DAI From Becoming Another UST? appeared first on CoinGape.
"Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less," says Maker.
On Friday (March 10), Californian regulators closed Silicon Valley Bank (SVB) — due to a capital crisis and a bank run — and placed it under the control of the US Federal Deposit Insurance Corporation (FDIC). SVB has $175 billion in deposits, 89% of which is uninsured. According to a report by Reuters, the FDIC […]
Contrasting Warren’s statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank.
XRP News: The latest lawsuit against the KuCoin crypto exchange has spiked the uncertainty around Ethereum (ETH), world’s second largest crypto, nature. However, Attorney fighting for XRP holders in the US SEC Vs Ripple lawsuit came forward to back ETH over the emerging Security claims. Ethereum To Be Considered As A “Security”? As per reports, The post XRP Lawyer Backs Ethereum Over Security Claims appeared first on CoinGape.
On Friday (March 10), “the people’s crypto” was listed on WazirX, one of India’s largest and oldest crypto exchanges. The idea of creating this cryptocurrency was born on 25 June 2021 after Dogecoin ($DOGE) advocate Elon Musk tweeted that the name of his Shiba Inu dog would be “Floki.” FLOKI is the utility token of […]
Bitcoin has slipped under the $20,000 level today for the first time in two months. Here's why this plunge may have taken place, according to on-chain data. Bitcoin Price Dropped...
The post Expert Who Sold Bitcoin at $25,000 Reveals His Future BTC Strategy appeared first on Coinpedia Fintech News Crypto analyst DonAlt, who rode the Bitcoin rally from its 2022 bottom, has updated his outlook on the digital asset. In a recent video, he revealed that he would become very bullish on Bitcoin if it […]
Four Expedition 68 crew members are nearing the end of their stay aboard the International Space Station (ISS) this weekend. Their replacements are completing their...
Generative AI is entering the media — and hacks are getting worried. Except for your loyal correspondents at TNW, of course, as automated output can’t compare to our flair and original reporting (at least, that’s what I’m telling my overlords). Other journalists, however, aren’t as blessed. Last week, the owner of Britain’s Daily Mirror and the Express became the latest media magnate to add bots to the newsroom. The publisher, Reach, has posted several AI-written articles on the local news site In Your Area. According to Reach CEO Jim Mullen, they include a listicle on “7 things to do with visitors…This story continues at The Next Web
Not even Einstein immediately knew the power of the equations he gave us.
Learning how to code will allow you to do everything from build complex apps to make your smart lights flash when you receive an email. Here's our guide on how to get started.
The NY state AG was able to buy and sell crypto on KuCoin. KuCoin is however not registered in New York. This is the AG’s eighth lawsuit against shadowy cryptocurrency platforms. Letitia James, the New York state Attorney General, has announced that she has filed a lawsuit against KuCoin for issuing crypto services in New […]
Start of repayment will also be extended The crypto asset (virtual currency) exchange Mt.Gox, which went bankrupt in 2014, received court approval on the 9th and set a deadline for selecting a payment method and registering payment recipient information in 2023. It reported that it was extended again on the 6th of the month. In […]
SEC Commissioners Mark Uyeda and Hester Peirce have issued a joint statement highlighting discrepancies they see in the application of standards to applicants for ETPs.
Former BitMEX CEO Arthur Hayes has proposed a stablecoin that aims to be completely independent of the U.S. dollar.
Coinspeaker Huobi Token (HT) Experiences a Flash Crash But Swiftly Recovers Interesting price action was experienced in Huobi Token over the past 24 hours in which the digital currency, native to the Huobi Global exchange experienced a flash crash with its price dropping by as much as 93%. In what is considered a very rare event, the digital currency rebounded at almost the same rate within a short time. Huobi Token (HT) Experiences a Flash Crash But Swiftly Recovers
Trezor plans to build its hardware wallet chips, but other crypto companies still prefer third-party imports due to technical and financial barriers.