Based Rollups Aim to Improve Ethereum’s Layer-2 Scalability Issues
Key developments in cryptocurrency technology include:
- Based Rollups for Ethereum: A new approach to layer-2 scaling called "based rollups" is being explored. This method processes transactions using Ethereum's layer-1 security instead of relying on centralized sequencers. It aims to enhance interoperability among the 140 existing layer-2 networks, improving asset and data transfer efficiency.
- Lido's Modular Upgrade: Lido plans to enhance its staking platform with modular "stVaults." This upgrade will allow for more customized staking strategies, catering to institutional needs and complex setups, while maintaining liquidity through stETH tokens.
- Launch of Unichain: Uniswap Labs has launched its layer-2 network, Unichain, utilizing the Optimism OP stack. This network promises faster and cheaper transactions, optimizing it for decentralized finance (DeFi) applications and generating a new revenue stream from network fees.
- Pectra Upgrade Scheduled for April: Ethereum's upcoming Pectra upgrade is set for testing in February, aiming for an early April mainnet launch. This upgrade focuses on enhancing wallets and validators, addressing recent community concerns over Ethereum's competitiveness in the market.
Additional Notes:
- Berlín, El Salvador, is developing a Bitcoin circular economy.
- LinksDAO is launching a community token on Base.
- The SEC's crypto taskforce indicates many memecoins may fall outside its regulatory scope.
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