• 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

EY releases the ZK-Optimistic roll-up code for the layer two protocol on Ethereum

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

The “Big Four” consultancy EY explained Friday that it is open-sourcing the prototype code for Nightfall three, a Layer-two protocol centered on scaling Ethereum, like past versions. Here is the organization, making use of zero-understanding proofs.

Related articles

What is the MUX (MCB) protocol?  Decentralized trading platform with perpetual contract

What is the MUX (MCB) protocol? Decentralized trading platform with perpetual contract

November 22, 2023
Layer 2 provides native yield on Ethereum

Layer two supplies native yield on Ethereum

November 22, 2023
EY releases the ZK-Optimistic roll-up code for the layer 2 protocol on Ethereum
EY releases the ZK-Optimistic roll-up code for the layer two protocol on Ethereum

Pools in essence aim to move Ethereum-based mostly transaction processing or execution from the core network, or Layer-one, to the secondary degree, with the notion that this kind of an method can strengthen transaction throughput. Compilation exists as a intelligent contract on Ethereum.

A distinct kind of aggregation pursued by developers in the Ethereum room is named an optimistic roll-up, which, as EY notes, is so named “because the system assumes transactions are valid.” the participants confirm all transactions ”. This scaling method has captured the curiosity of VCs, noticed as a signifies to scale the Ethereum network as the subsequent iteration of Ethereum’s function continues.

According to EY’s statement, the organization has designed a new device to deal with “network congestion and rising transaction costs” due to the use of the DeFi protocol platform and their consumer base. Mr. Paul Brody, leader of EY’s international blockchain staff, explained in a statement.

“Based on EY’s experience, the ZK-Optimistic roll-up is currently one of the most effective measures in balancing security incentives and mathematical efficiency for executing private transactions on Ethereum’s public network.. done in the past, we are once again contributing this code to the public domain to accelerate the enterprise adoption of this technology. “

Synthetic Currency 68

Maybe you are interested:

Join the chat group Coinlive Chats Now let us talk about the sizzling subjects of the DeFi marketplace with the Coinlive administrators !!!

.

[ad_2]

Tags: CodeCoin NewsEthereumLayerProtocolReleasesrollupZKOptimistic
Share76Tweet48

Related Posts

JPMorgan Recognizes Bitcoin ETFs as Loan Collateral

by shark
June 5, 2025
0

JPMorgan Chase now accepts Bitcoin and crypto ETFs as collateral for loans, marking a shift in institutional crypto involvement.

Vanadi Coffee Proposes $1.1B Bitcoin Investment

by shark
June 5, 2025
0

Vanadi Coffee aims to become a Bitcoin-first company by investing $1.1 billion in Bitcoin, following MicroStrategy's strategy.

Ethereum Sees Spike in $800M Staking Queue

by shark
June 5, 2025
0

Ethereum's staking queue increases to 306,438 ETH, signaling strong institutional interest.

South Korea Advances Bitcoin ETF Approval for Crypto Growth

by shark
June 5, 2025
0

South Korea accelerates Bitcoin ETF approval, aiming to boost its digital asset industry and align with global financial hubs.

Cardano’s ADA Price Projections through 2025 Analyzed

by shark
June 5, 2025
0

Cardano ADA price predictions show a 2025 range of $0.66 to $2.05 amid ecosystem growth.

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

  • JPMorgan Recognizes Bitcoin ETFs as Loan Collateral
  • Vanadi Coffee Proposes $1.1B Bitcoin Investment
  • Ethereum Sees Spike in $800M Staking Queue
  • South Korea Advances Bitcoin ETF Approval for Crypto Growth
  • Cardano’s ADA Price Projections through 2025 Analyzed
  • Morocco Advances Crypto Regulation Efforts with New Law
  • Vanadi Coffee Considers €1 Billion Bitcoin Investment Plan
  • Breaking: Qubetics, BNB, and Crypto Giants Surge with Fresh Developments and 4,350% Potential ROI
  • 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