In a major breakthrough for Ethereum layer-2 scaling solutions, zkSync Era has introduced Boojum, a groundbreaking proof system based on the Scalable Transparent Argument of Knowledge (STARK). This system is poised to enhance the efficiency and accessibility of Ethereum scaling protocols by leveraging zero-knowledge rollups (ZK-rollups). Boojum, a Rust-based cryptographic library developed by zkSync, implements
Ethereum
The Web3 decentralized domain space has witnessed a significant development with the recent collaboration between Unstoppable Domains and the Ethereum Name Service (ENS). This collaboration brings together two prominent platforms in the industry, enabling users to create human-readable domain names and cryptocurrency wallet addresses. The integration of Unstoppable Domains and ENS opens up a plethora
CLabs, the organization responsible for the development of the Celo blockchain, has recently announced plans to reintegrate with the Ethereum ecosystem. The proposal, discussed on Celo’s governance forum, outlines a transition from an independent layer-1 blockchain to an Ethereum layer-2 solution. This decision aims to enhance the experience for Celo developers and leverage Ethereum’s tooling
The global blockchain market is experiencing remarkable growth, with a projected worth of $7.4 billion in 2022 and an estimated revenue of $94 billion by the end of 2027, according to a report by MarketsandMarkets. This rapid expansion can be attributed to the increasing utilization of the Ethereum blockchain by businesses striving for digital transformation.
Geist Finance, a prominent lending protocol operating on the Fantom network, has recently announced its permanent closure. This decision comes in the wake of significant losses incurred due to the Multichain exploit. In a social media post on July 14, the development team behind Geist Finance confirmed that they have no plans to reopen the
