Understanding the Economics of Ethereum Layer 2s
Ethereum is on the verge of enormous growth, aided by the L2 blockchains that complement it.
Ethereum is on the verge of enormous growth, aided by the L2 blockchains that complement it.
The recent decline in the ETH/BTC ratio continues a trend that began more than a year ago.
Developers of the Ethereum blockchain say there was a misconfiguration in the genesis files of the test network, and now they plan to try again in about two weeks.
The debut of the testing system – designed to be twice as big as the main network so developers can simulate massive scaling, comes a year after Ethereum completed its historic “Merge” shift to a “proof-of-stake” model from the original “proof-of-work” setup that Bitcoin uses.
The new network comes after years of growth for Ethereum’s developer community and will replace the Goerli testnet.
The Merge marked the completion of Ethereum’s transition to the proof-of-stake consensus mechanism.