Bitcoin's Layer 2 project, Bitlayer, announced an integration with LayerZero, allowing Bitlayer to interact with various other blockchains.

Bitcoin Layer 2 Project, Bitlayer Integration with LayerZero

<img src="https://static.bittime.com/cms-static/upload/Bitcoin_Layer_2_Project_Bitlayer_7d7202b97c.webp" alt="Bitcoin Layer 2 Project, Bitlayer" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> - Bitcoin Layer 2 Project, Bitlayer, announced integration with cross-chain interoperability protocols LayerZero.&nbsp;This integration aims to improve Bitlayer's ability to interact with various other blockchains.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Bitlayer, Bitcoin Layer 2 Project</h2>Bitlayer is a Layer 2 project designed to increase the capacity and speed of Bitcoin transactions. Bitlayer will address the scalability limitations often faced by the Bitcoin network.&nbsp;With the integration of LayerZero, Bitlayer now has the ability to connect more than 90 blockchains. This integration not only provides benefits for Bitlayer, but also opens up opportunities for other projects that want to utilize Bitlayerl's infrastructure.&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/layer-2-jadi-sektor-dengan-performa-terbaik">Layer 2 Becomes the Best Performing Sector, SAGA and TIA Tokens Lead the Way!</a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Bitlayer Integration with LayerZero</h2>Protocol LayerZero is a solution designed to improve cross-chain interoperability without adding additional costs.&nbsp;By removing fees and simplifying the bridging process, LayerZero makes it easier for users to transfer assets between blockchains.&nbsp;This integration provides significant benefits for projects in the Bitlayer ecosystem. This collaboration enables projects to build more seamless cross-chain applications.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Advantages of Bitlayer Integration with LayerZero</h2>One of the advantages of Bitlayer integration with LayerZero is the capability of Bitlayer to connect more than 300 DApps in its ecosystem.&nbsp;With access to various DApps, Bitlayer users can explore various services and applications offered by other networks.Users now have the flexibility to make transactions and interact with more platforms.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/ethereum-terancam-layer-2-akan-ambil-alih-pendapatan-ethereum">Ethereum Under Threat, Will Layer 2 Take Over Ethereum's Earnings?</a>&nbsp;&nbsp;<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>Want to trade, sell and&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id">buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr">&nbsp;BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr">&nbsp;ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr">&nbsp;SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.

thumbnail_Bitcoin Layer 2 Project, Bitlayer.webp

Bitcoin Layer 2 Project, Bitlayer.webp

Bitcoin Layer 2 Project, Bitlayer Announces Integration with LayerZero

Eclipse, a Layer 2 Ethereum that uses the Solana Virtual Machine will launch the Eclipse mainnet at the end of October 2024. 

Eclipse Mainnet to Launch by End of October 

<img src="https://static.bittime.com/cms-static/upload/Eclipse_Mainnet_b75c6251ea.webp" alt="Eclipse Mainnet" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Eclipse, a Layer 2 Ethereum solution that uses the Solana Virtual Machine to process transactions, is preparing to launch mainnet Eclipse at the end of October 2024.&nbsp;This was stated by the CEO of Eclipse Labs, Vijay Chetty, at the Solana Breakpoint conference held in Singapore. Read this article to find out more!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Eclipse Mainnet Developer Now Open</h2>Although the public launch of Eclipse mainnet will be at the end of October, Chetty revealed that Eclipse has already opened developer mainnet.&nbsp;This means that developers and builders can start working on this network, even though the UI or front-end is not yet fully active.&nbsp;&nbsp;Chetty said that Eclipse will integrate several existing blue chip applications on Solana, such as DEX Mango and Orca, as well as lending platform Solend.&nbsp;&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/mainnet-fractal-bitcoin-resmi-diluncurkan">Fractal Bitcoin Mainnet Officially Launched, Here's a Supporting Wallet!&nbsp;</a>&nbsp;&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Eclipse Mainnet: Combination of Ethereum, Solana, and Celestia</h2>Mainnet Eclipse will be the first project to use Solana Virtual Machine to carry out transactions on Layer 2 Ethereum.&nbsp;The combination of Ethereum and Solana, as well as Celestia as a data repository, makes Eclipse a unique solution.&nbsp;The goal is to bring Web2-level scalability to the Web3 world, enabling blockchain networks that are faster, more efficient, and cheaper than traditional blockchain solutions.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/hamsterkombat?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/hamster_kombat_upcoming_listing_d9e1665dfb.webp" alt="hamster kombat upcoming listing.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Eclipse Mainnet: Overcoming Ethereum and Solana Limitations</h2>Apart from bringing the advantages of various blockchains, the Eclipse mainnet is also designed to avoid some of the shortcomings of Ethereum and Solana.&nbsp;Ethereum is known for slow transaction throughput at Layer 1, while Solana has problems when it comes to decentralization.&nbsp;Eclipse seeks to solve this problem with a modular approach, leveraging the speed and efficiency of Solana while improving Ethereum's limitations.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogslabuanbajo?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/dogs_labuan_bajo_ac02e8cbe5.webp" alt="dogs labuan bajo.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Eclipse Mainnet: Overcoming Celestia Limitations</h2>Additionally, one of the main problems that Layer 2 Ethereum solutions often face is high data storage costs.&nbsp;Many Layer 2 blockchains end up storing data off-chain to save costs.&nbsp;Eclipse mainnet tries to solve this problem by using Celestia as a data storage place, which allows cost savings while maintaining transaction security and efficiency.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/mainnet-starknet-gelar-voting-pertama">Starknet Mainnet Holds First Voting with Snapshot</a>&nbsp;&nbsp;<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>Want to trade, sell and&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id">buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr">&nbsp;BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr">&nbsp;ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr">&nbsp;SOL to IDR</a> and other crypto assets to find out today's crypto market trends in real-time on Bittime.

thumbnail_Eclipse Mainnet.webp

Eclipse Mainnet.webp

Eclipse Mainnet Ready to Launch by End of October 2024

Vitalik Buterin clarifies Ethereum Layer 2 risks that have many users doubting its security. What's wrong with Ethereum Layer-2?

Vitalik Buterin Clarifies Ethereum Layer 2 Risks

Vitalik Buterin Klarifikasi Risiko Ethereum Layer 2 - Bittime

thumbnail_Vitalik Buterin Klarifikasi Risiko Ethereum Layer 2 - Bittime (1).webp

Vitalik Buterin Klarifikasi Risiko Ethereum Layer 2 - Bittime (1).webp

DuckChain, the first Layer 2 project built on the TON network, reaches one million subscribers on Telegram.

DuckChain, the First Layer 2 on TON

<img src="https://static.bittime.com/cms-static/upload/Duck_Chain_the_First_Layer_2_on_TON_48805a6f15.webp" alt="DuckChain, the First Layer 2 on TON" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=airdrop&amp;cn=400005">Bittime</a> -&nbsp;DuckChain, the first Layer 2 project built on the TON network recorded a remarkable achievement. The number of subscribers to DuckChain's Telegram channel has exceeded one million.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">DuckChain, Layer 2 First TON</h2>DuckChain aims to integrate TON users with the Ethereum Virtual Machine (EVM) infrastructure and liquidity solutions, so that it can overcome various challenges that exist in the TON ecosystem.&nbsp;Challenges such as complex development architecture and lack of liquidity often act as barriers to the mass adoption of blockchain technology. DuckChain exists to solve these problems, while driving widespread adoption of TON.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/layer-2-jadi-sektor-dengan-performa-terbaik">Layer 2 Becomes the Best Performing Sector, SAGA and TIA Tokens Lead the Way!</a>&nbsp;&nbsp;<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Why is DuckChain Popular?</h2>DuckChain is in the spotlight for its innovation in integrating Layer 2 technology with the TON ecosystem. With support from Arbitrum, DuckChain is focused on developing the first Layer 2 in the TON ecosystem based on Arbitrum Orbit.&nbsp;This move is expected to provide significant benefits for developers and users, including increased efficiency, reduced transaction costs, and increased liquidity.Additionally, the collaboration with Arbitrum, one of the popular Layer 2 solutions, provides additional credibility and strengthens DuckChain's position in the TON ecosystem.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Architecture and Liquidity Issues in the TON Ecosystem</h2>One of DuckChain's missions is to solve complex development architecture problems in the TON ecosystem. As a Layer 2 project, DuckChain offers a simpler and more efficient solution for developers looking to build on top of the TON network.&nbsp;Additionally, by integrating advanced liquidity solutions, DuckChain aims to address the liquidity shortage that is often a problem in many blockchain ecosystems.This project not only focuses on technology, but also on user adoption. By integrating TON users with EVM infrastructure, DuckChain opens up opportunities for many projects and developers to participate in the TON ecosystem.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/ethereum-terancam-layer-2-akan-ambil-alih-pendapatan-ethereum">Ethereum Under Threat, Will Layer 2 Take Over Ethereum's Earnings?</a>&nbsp;&nbsp;<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=airdrop&amp;cn=400005">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=airdrop&amp;cn=400005"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=airdrop&amp;cn=400005"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_DuckChain, the First Layer 2 on TON.webp

DuckChain, the First Layer 2 on TON.webp

DuckChain, the First Layer 2 on TON Reaches One Million Subscribers on Telegram

Layer 2 to Take Over Ethereum Revenue?

<img src="https://static.bittime.com/cms-static/upload/Ethereum_Under_Threat_4fff85b9dc.webp" alt="Layer 2 Ethereum " width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> - According to Cyber ​​Capital founder Justin Bons,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/ETH-IDR?content_id=news&amp;cn=400001">Ethereum</a> is facing a serious threat as the Layer 2 network appears to be taking over the market share and revenue of the Ethereum platform.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Ethereum and EIP-4844&nbsp;</h2>Bons highlighted the impact of implementing Ethereum Improvement Proposal 4844 (EIP-4844), or what is known as Proto-Danksharding. Since EIP-4844 was implemented, Ethereum has experienced a decline in revenue from transaction fees.&nbsp;According to Bons, this is a worrying signal because the income obtained from transaction fees is no longer able to keep up with the network's inflation rate.&nbsp;This condition indicates that Ethereum is starting to lose its competitive edge, especially in terms of revenue obtained from network use.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/ethereum-diprediksi-tidak-akan-rebound-dalam-waktu-dekat">Ethereum Predicted Not to Rebound in the Near Future</a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Layer 2 Network Taking Over Ethereum?</h2>Smeanwhile, Layer 2 (L2) network usage and the resulting revenue actually reached new highs. The L2 network, which was essentially designed to help Ethereum overcome its limitations in terms of scalability and transaction costs, is now considered a threat to Ethereum.&nbsp;Bons describes the relationship between Ethereum and L2 as a parasitic one, where the L2 network allegedly takes advantage of Ethereum's limitations by attracting users and revenue to the L2 platform.&nbsp;Bons alleges that the L2 network pretends to be part of Ethereum, when in fact L2 is stealing users and revenue from its parent platform.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogsairdrop?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/airdrop_dogs_bittime_14f57ae441.webp" alt="airdrop dogs bittime.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Ethereum's Declining Dominance</h2>Bons also expressed his prediction that L2 networks will eventually migrate or become independent Layer 1 (L1) networks. If this happens, Ethereum is predicted to decline further and lose its position as a leader in the blockchain world.&nbsp;Bons did not hesitate to blame the leaders of Ethereum for “betrayal" This. He highlighted that the decisions taken by Ethereum's leadership indicate systemic problems in the governance of this network. According to Bons, this is proof that Ethereum has failed to protect its long-term interests.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/tingkat-inflasi-tahunan-ethereum-tinggi-atau-rendah">Ethereum Annual Inflation Rate 0,5%, High or Low?</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Ethereum Under Threat.webp

Ethereum Under Threat.webp

According to Cyber Capital founder Justin Bons, Layer 2 seems to be taking over the market share and revenue of the Ethereum platform.  

Ethereum Under Threat, Layer 2 to Take Over Ethereum Revenue?

Layer 2 Ethereum saw a surge in usage with 12.2 million daily transactions, indicating widespread adoption and a shift in activity from the main network.


Layer 2 Ethereum Widely Used, Good News For ETH Holders

<img src="https://static.bittime.com/cms-static/upload/Layer_2_Ethereum_Widely_Used_Good_News_For_ETH_Holders_c28baa3240.webp" alt="Layer 2 Ethereum Widely Used, Good News For ETH Holders" width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en?cn=400001">Bittime</a> -&nbsp;Layer 2 Ethereum saw a surge in usage with 12.2 million daily transactions, indicating widespread adoption and a shift in activity from the main network.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="staking koin di bittime" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">Layer 2 Ethereum is widely used</h2>Layer 2 Ethereum is seeing an increase in the number of transactions, which signals a major change in the blockchain. While the Ethereum mainnet is still struggling to reach its peak price.&nbsp;Its L2 solution reached a new operational level, indicating a broader trend of adoption and utility beyond mainstream blockchains.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">Ethereum Layer 2 Latest Data</h2><img src="https://static.bittime.com/cms-static/upload/Layer_2_Ethereum_Ramai_Digunakan_Kabar_Baik_Bagi_Pemegang_ETH_4f39468f77.webp" alt="Layer 2 Ethereum Widely Used, Good News For ETH Holders" width="960" height="406">The latest data shows that collectively, Layer 2 Ethereum has processed 12.2 million transactions in one day. This number is very significant because it only includes transactions on layer 2 networks, excluding mainnet or exchange-based transactions.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">Basic Network Outperforms Other Networks</h2><img src="https://static.bittime.com/cms-static/upload/Layer_2_Ethereum_Ramai_Digunakan_Kabar_Baik_Bagi_Pemegang_ETH_fb272dc262.webp" alt="Layer 2 Ethereum Widely Used, Good News For ETH Holders" width="2048" height="1152">With over 3.6 million transactions, the basic network outperforms other networks such as Arbitrum One. Newcomers like Manta, which reported more than 1.31 million transactions, contributed primarily to the increase in Layer 2 usage.&nbsp;Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/token-gm-berlakukan-pajak-transaksi">GM Tokens Apply Transaction Tax on Purchases and Sales!</a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">Redirection of Ethereum Activity to Layer 2</h2>This shift indicates that significant activity has been shifted from the Ethereum mainnet to the more cost-effective and faster layer 2 network.&nbsp;&nbsp;This trend illustrates the evolving landscape of blockchain networks, where layern 2 solutions serve as hubs of activity and innovation and support the mainnet.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">Conclusion</h2>The significant increase in Layer 2 Ethereum usage reflects a major shift in the blockchain ecosystem, with more and more transactions moving from the Ethereum mainnet to faster and more efficient Layer 2 solutions.&nbsp;&nbsp;This points to a broader trend of adoption and utility, where the Layer 2 network is starting to become a major hub of activity and innovation, supporting and strengthening the Ethereum mainnet.&nbsp;&nbsp;For ETH holders, this development could be good news as it shows the potential for future growth and sustainability of the Ethereum ecosystem.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=market_analysis&amp;cn=400003"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=news&amp;cn=400001">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001"> of&nbsp;Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Layer 2 Ethereum Widely Used, Good News For ETH Holders

Optimism plans to launch native cross-chain interoperability at Layer 2. 

Optimism to Launch Native Cross-Chain Interoperability

<img src="https://static.bittime.com/cms-static/upload/Optimism_to_Launch_Native_Cross_Chain_Interoperability_at_Layer_2_b0ee1f9b1f.webp" alt="Optimism to Launch Native Cross-Chain Interoperability" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Optimism, one of Ethereum's Layer 2 solutions, plans to introduce native cross-chain interoperability on its network. What's that? Read this article to find out the full news!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Layer 2 Can Operate Like a Single Blockchain</h2>Currently, the chains in the Optimism ecosystem, also known as Superchain, relies heavily on the Ethereum Layer 1 mainnet for secure communication and asset transfer.&nbsp;To address this issue, Optimism has put together a plan to implement native interoperability within Superchain. It aims to enable assets and users to move seamlessly between existing chains so that they can be accessed anywhere through integrated applications.The interoperability solution offered by Optimism is designed so that Superchain operates like a single blockchain. This way, users, assets, and developers can move between networks easily, without having to worry about compatibility or security issues.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Stages of Optimism Development</h2>Optimism's revealed development plans include several important features that will support cross-chain interoperability.&nbsp;One of its key features is a cross-chain messaging protocol, which will enable secure and efficient communication between different chains in the ecosystem.&nbsp;In addition, there will also be introduced a universal token standard known as SuperchainERC20, designed to increase cross-chain portability for digital assets.To ensure security in asset transfers, developers will also implement a system fault-proof which is interoperable. This system aims to guarantee that every transaction or transfer of assets between chains can be carried out safely and without the risk of losing assets.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/jaringan-layer-2-kinto-beri-mining-reward">Kinto Layer 2 Network Gives Mining Reward, 2% of Token Supply!</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Testnet and Mainnet Launch</h2>This implementation plan will begin with launch devnet as a development network, which will be used to test the new messaging protocols and token standards.&nbsp;After that, it will continue with the launch testnet for further testing before finally being implemented on mainnet to enable real-time cross-chain interactions.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Impact on the Ethereum Ecosystem&nbsp;&nbsp;</h2>Optimism is not only focused on developing Superchain, but also increasing interoperability across the Ethereum ecosystem. These plans include the adoption of universal cross-chain interfaces such as ERC-7683 for asset transfer, which is expected to become a new standard in the blockchain industry.&nbsp;In this way, Optimism wants to create a consistent user experience across various blockchain ecosystems, which will ultimately increase the adoption and use of blockchain technology across various sectors.Additionally, networks in the Optimism ecosystem, including OP Mainnet and other Layer 2 chains, will use a scalability solution known as optimistic rollups.&nbsp;This technology aggregates Ethereum transactions in an off-chain secondary layer, which allows transaction processing at lower costs and helps overcome the scalability issues that have been Ethereum's main challenges.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/layer-2-jadi-sektor-dengan-performa-terbaik">Layer 2 Becomes the Best Performing Sector, SAGA and TIA Tokens Lead the Way!</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Optimism to Launch Native Cross-Chain Interoperability at Layer 2!.webp

Optimism to Launch Native Cross-Chain Interoperability at Layer 2!.webp

Optimism to Launch Native Cross-Chain Interoperability at Layer 2!

What is Neva Network? Read the following article to find out more complete information about this new Layer 2 project!

What is Neva Network? New Project Layer2

What is Neva Network New Project Layer2.webp

thumbnail_What is Neva Network New Project Layer2.webp

Kinto, Layer 2 network, announced that it will provide mining rewards, 2% of the total token supply. Read this article to find out more!  

Kinto Layer 2 Network Gives Mining Reward

thumbnail_Kinto Layer 2 Network Gives Mining Reward.webp

Kinto Layer 2 Network Gives Mining Reward.webp

Kinto Layer 2 Network Gives Mining Reward, 2% of Token Supply!

The Eigen Foundation has awarded its first strategic grant to the Celo Foundation to support the use of EigenDA on Celo Layer 2.

Eigen Foundation Supports Celo Layer 2 with EigenDA

thumbnail_Eigen Foundation Supports Celo Layer 2 with EigenDA - Bittime.png

Eigen Foundation Supports Celo Layer 2 with EigenDA - Bittime.png

 - The Eigen Foundation has awarded its first strategic grant to the Celo Foundation to support the use of EigenDA on Celo Layer 2. EigenDA is a secure, decentralized, and cost-effective off-chain data availability solution.

In July 2023, cLabs proposed migrating Celo from EVM-compatible Layer 1 to Layer 2 using EigenDA.

This migration aims to address the high fees associated with Ethereum's native storage, and allows Celo to maintain low transaction fees.

Here are the benefits of migrating Layer 2 to EigenDA.

The grant from the Eigen Foundation will assist the Celo Foundation in integrating EigenDA into Layer 2 and supporting ecosystem projects that leverage this solution.

The partnership between the Eigen Foundation and the Celo Foundation is expected to have a significant positive impact on both ecosystems.

EigenDA's integration into Celo Layer 2 can help improve Celo's scalability, decentralization, and cost efficiency, as well as drive broader adoption.

With the support of the Eigen Foundation and the use of EigenDA, Celo Layer 2 has great potential for the future. Let's take a look at some of the things we can look forward to:

If you're interested in the future of Celo Layer 2, here are some things you can do:

The Eigen Foundation's strategic grant award to the Celo Foundation is an important step in supporting Celo's migration to Layer 2 and leveraging EigenDA for off-chain data availability solutions.

This partnership is expected to bring significant benefits to both ecosystems and contribute to the growth of the blockchain industry as a whole.

You can buy and sell crypto assets in an easy and safe way via over. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets at over, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet.

For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

 and other cryptos to find out today's crypto market trends in real-time on Bittime.