• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Canto redirects to layer two on Ethereum

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Following in Celo’s footsteps, Canto made the decision to move from layer one to layer two on Ethereum, but started out functioning with Polygon.

Canto redirects to layer two on Ethereum. Photo: TheBlock

Related articles

Layer 2 provides native yield on Ethereum

Layer two supplies native yield on Ethereum

November 22, 2023
Layer-2 Blast requires $20 million in capital, aiming to raise interest rates for ETH and stablecoin holders

Layer-two Blast necessitates $twenty million in capital, aiming to increase curiosity prices for ETH and stablecoin holders

November 21, 2023

According to the most recent announcement, the Canto layer one blockchain constructed on Cosmos will quickly turn out to be layer two Ethereum primarily based on zero-expertise evidence technological innovation.

We are energized to announce that Canto is setting up @0xPolygonLabs to migrate to ZK L2 on Ethereum, primarily based on the Polygon Chain Development Kit (CDK).

This ZK chain will be devoted to actual-globe assets to assistance the following wave of application-degree adoption by way of neofinance. pic.twitter.com/x04dMIHsg7

—CantoPublic (@CantoPublic) September 18, 2023

Canto is now functioning with the Polygon growth workforce to leverage the Polygon Chain Development Kit (CDK) for the new layout. Additionally, the task will shift its target to actual-globe assets (RWA). Canto stated:

“After thorough evaluation, we believed that Polygon CDK is the optimal solution that can help Canto build ZK L2 that expands sovereignty, security and liquidity.”

Initially, Canto was a layer one blockchain launched in September 2022, targeted on creating DeFi answers. Canto is constructed on the Cosmos platform and has a constructed-in EVM for seamless connection to the Ethereum network. The peak time period of the protocol was in early 2023, when the CANTO token occasionally doubled its value and reached the major ten blockchains with the highest DEX transaction volume.

CANTO value is moving really positively and has enhanced by pretty much twenty% in the final 24 hrs. At the time of creating, CANTO is trading all over the USD .13 mark.

CANTO value fluctuation on the every day frame, screenshot from CoinMarketCap at 09:ten on September 19, 2023

But this is not a uncommon choice on the market place, particularly this 12 months. In July, Celo took a equivalent stage, getting layer-two primarily based on Optimism’s OP Stack technological innovation.

Even the “Godfather of DeFi” Andre Cronje, the particular person behind the Fantom Foundation, unveiled his intention to “change clothes” for Fantom, creating Optimistic Rollup, while he as soon as criticized this technological innovation.

Besides Canto, there are numerous tasks that create zkEVM layer-two with Polygon this kind of as Astar, Immutable, IDEX, and Palm Network.

Coinlive compiled

Maybe you are interested:

Join the discussion on the hottest concerns in the DeFi market place in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: CantoEthereumI singLayerLayer 2redirects
Share76Tweet47

Related Posts

Trump Criticizes Fed Chair Powell, Calls Him ‘Very Stupid’

by shark
June 26, 2025
0

Donald Trump critiques Fed Chair Jerome Powell, impacting financial discourse without immediate crypto market shifts.

Polymarket Secures $200M Funding, Achieves $1B Valuation

by shark
June 26, 2025
0

Polymarket, a decentralized prediction market, is valued at $1 billion after a $200 million funding round amidst regulatory scrutiny and...

Moca Network Launches Moca Chain for Decentralized Identity

by shark
June 26, 2025
0

Moca Network unveils Moca Chain, a Layer 1 blockchain for decentralized identity management.

Bitcoin Soars to $108,000 Amid High-Leverage Trading

by shark
June 26, 2025
0

Bitcoin hits $108,000 as whale trades drive demand and market capitalization surges.

Ankr Migrates RPC Services to Private Network

by shark
June 26, 2025
0

Ankr has upgraded its RPC services by migrating to a private network managed by Asphere, enhancing privacy and operational transparency...

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Trump Criticizes Fed Chair Powell, Calls Him ‘Very Stupid’
  • Polymarket Secures $200M Funding, Achieves $1B Valuation
  • Moca Network Launches Moca Chain for Decentralized Identity
  • Bitcoin Soars to $108,000 Amid High-Leverage Trading
  • Ankr Migrates RPC Services to Private Network
  • A Comprehensive Comparison of Qubetics ($TICS), Polygon, and Bitcoin – Top Crypto Presale Opportunities
  • NEAR Proposes Halving Token Inflation Amid Ecosystem Support
  • U.S. Secret Service Freezes $225M in Crypto Scam
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7