Blockchain
Introducing Scroll Sessions: Native zkEVM Layer 2 for Ethereum
Scroll has introduced Scroll Sessions, a revolutionary native zkEVM Layer 2 solution tailored for Ethereum, aiming to tackle scalability issues and reduce transaction costs. This article offers an overview of Scroll Sessions and its potential impact on the Ethereum ecosystem.
Unveiling Scroll Sessions: Native zkEVM Layer 2 for Ethereum
In the blockchain arena, Scroll has emerged as a significant player, recently rolling out Scroll Sessions, a native zkEVM Layer 2 solution specifically crafted for the Ethereum network. This cutting-edge technology is geared towards alleviating scalability concerns and mitigating the soaring transaction costs associated with Ethereum’s blockchain.
Amidst the burgeoning decentralized applications (dApps) landscape and Ethereum’s surging popularity, scalability has emerged as a critical challenge. The current limitations within Ethereum’s Layer 1 infrastructure have led to congestion and exorbitant gas fees, impeding seamless user interactions and dApp adoption.
Scroll Sessions introduces an innovative approach to scalability by harnessing zero-knowledge proofs (zkSNARKs) technology. By integrating zkEVM as a native Layer 2 solution, Scroll aims to substantially boost Ethereum’s throughput, enabling faster and more economical transactions.
The incorporation of zkEVM facilitates off-chain execution of Ethereum smart contracts while upholding the same level of security and trust as Ethereum’s Layer 1 network. This off-chain processing alleviates the computational burden on Ethereum’s mainnet, resulting in improved scalability and reduced gas fees for users.
A notable advantage of Scroll Sessions lies in its seamless compatibility with existing Ethereum smart contracts. Developers can effortlessly migrate their contracts to Scroll Sessions without necessitating any modifications, ensuring a seamless transition to the Layer 2 solution.
In addition to scalability enhancements, Scroll Sessions also integrates privacy features through zkSNARKs technology. This empowers users to uphold the confidentiality of their transactions and data, augmenting the overall security of the platform.
The introduction of Scroll Sessions has garnered considerable attention within the blockchain community, given its potential to address Ethereum’s scalability challenges. By furnishing a seamless and cost-efficient Layer 2 solution, Scroll aims to unlock the full potential of the Ethereum ecosystem, fostering greater dApp adoption and facilitating a more streamlined blockchain experience.
As the momentum behind Layer 2 solution development intensifies, Scroll’s native zkEVM Layer 2 technology holds immense promise for Ethereum’s future. With its emphasis on scalability, cost-efficiency, and privacy, Scroll Sessions could pave the way for a more scalable and inclusive blockchain ecosystem.
Source: blockchain.news
The post Introducing Scroll Sessions: Native zkEVM Layer 2 for Ethereum appeared first on HIPTHER Alerts.
Blockchain
United States B2C E-Commerce & Online Payments Market Report 2024 – Retail E-Commerce Sales are Poised to Surpass EUR 1.5 Trillion by 2027
Blockchain
MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase
MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.
MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.
MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.
Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.
Source: crypto.news
The post MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase appeared first on HIPTHER Alerts.
Blockchain
Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services
PollBits is redefining crypto trading standards with its industry-leading features and services. This platform is making waves in the cryptocurrency trading space by offering innovative solutions and setting new benchmarks for excellence.
PollBits stands out from other crypto trading platforms by introducing cutting-edge features and services that cater to the needs of traders and investors. By prioritizing user experience and functionality, PollBits is enhancing the trading experience and empowering users to make informed decisions in the dynamic cryptocurrency market.
PollBits’ commitment to excellence and innovation is driving its success and setting it apart as a leader in the industry. With its focus on providing industry-leading features and services, PollBits is positioning itself as a go-to platform for traders seeking a reliable and user-friendly trading experience.
Overall, PollBits’ redefinition of crypto trading standards underscores the rapid evolution and maturation of the cryptocurrency industry. As platforms like PollBits continue to push the boundaries of innovation, traders and investors can expect greater accessibility, transparency, and efficiency in cryptocurrency trading, ultimately contributing to the growth and adoption of digital assets worldwide.
Source: cryptonews.com
The post Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services appeared first on HIPTHER Alerts.
-
Blockchain6 days ago
39% of Canada’s institutional investors have exposure to crypto: KPMG
-
Blockchain5 days ago
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
-
Blockchain7 days ago
Global Payment Gateway Industry Report 2024: Seamless Integration with In-Game Virtual Currency Systems Enables Payment Gateways to Contribute to the Monetization Strategies of Game Developers
-
Blockchain6 days ago
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
-
Blockchain2 days ago
RFK Jr.’s blockchain idea, Ethereum ETF approval in question, Bitcoin’s unlikely bull run | Weekly Recap
-
Blockchain Press Releases1 day ago
Bosera HashKey Bitcoin and Ether Spot ETFs Officially Launch on HKEX with Two-Way Investment Flexibility
-
Blockchain5 days ago
FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers
-
Blockchain6 days ago
FAIRWINDS Credit Union Joins Metal Blockchain’s Banking Innovation Program