“Zero-knowledge rollup ZKM from the MetisDAO Foundation envisions transforming Ethereum into the universal settlement layer for all applications. This hybrid rollup could increase transaction throughput and reduce costs. Besides, ZKM plans to extend its infrastructure to non-blockchain domains including AI and IoT.”
Search Results for: MetisDAO Foundation
Scaling the Ethereum Blockchain: The Promising Rise and Potential Pitfalls of Layer 2 Solutions
To combat increasing transaction times and fees, Ethereum is utilizing layer 2 scaling solutions, resulting in faster transaction speeds, lower costs, and maintaining security. These networks enhance throughput and transaction rates, drawing significant attention. However, layer 2 chains also face criticism, largely from crypto users maximizing profitability through airdrop farming.
Liechtenstein Accepts Bitcoin for State Services: Exploring Diverse Crypto Approaches Worldwide
Liechtenstein’s government plans to accept Bitcoin for state services, reflecting a progressive approach towards cryptocurrencies. However, regulators like New York’s Attorney General enforce strict measures, like the proposed ‘Crypto Regulation, Protection, Transparency, and Oversight Act,’ to safeguard users’ investments.