Tag: layer 2 scaling solution

Apr 30 2022

What Are Layer 2 Solutions? Meet The Top 5 By Market Cap!

Apr 30 2022 Published at CryptoTicker under tags  blockchain crypto ethereum fantom harmony

Blockchains like Ethereum have been the most sought-after since their debut in the crypto sector. With the vast amount of projects and individuals on the network, it is expected to be now congested. This is why carrying out transactions takes a long time, and traders pay more fees to finalize their transactions on time. In a bid to battle out these...

Mar 27 2022

[Updated] How To Use Ethereum Scaling Arbitrum Bridge To Escape High Fees

Arbitrum One publicly deployed its beta version of the Ethereum L2 scaling solution alongside the Arbitrum bridge onto the mainnet on Sep 01. This is a significant attempt to scale the Ethereum blockchain using the roll-ups technology and will have long-lasting effects on the smart contract platform's future. A lot of users recently got priced out of the...

Nov 05 2021

Ethereum Layer 2 Closes In On $5 Billion TVL Mark

There's good news on the Ethereum Layer 2 protocols front as the ecosystem is seeing tremendous growth in a short period of time, since its initial deployment. According to L2 tracking and analytics site L2 Beat, the total value locked is nearing the $5 billion mark - it's currently at $4.91 billion or 1,086,197 in ETH terms. It has risen 14.96% over...

Sep 20 2021

Arbitrum Overtakes The Lightning Network By 23X Crossing $2.6B TVL In 3 Weeks

Arbitrum mainnet beta was launched on the Ethereum network on Sep 01 and there's astonishing progress on that front. As of Sep 21, the Ethereum scaling solution has crossed a Total Value Locked (TVL) figure of $2.6 billion in a short period of three weeks, overtaking it's Bitcoin based counterpart the Lightning Network by 23X. In comparison against Arbitrum, Lightning...

Sep 13 2021

How To Use Ethereum Scaling Arbitrum Bridge To Escape High Fees

Arbitrum One publicly deployed it's beta version of the Ethereum L2 scaling solution alongside the Arbitrum bridge onto mainnet on Sep 01. This is a significant attempt to scale the Ethereum blockchain using the roll ups technology and will have long lasting effects on the smart contract platform's future. A lot of users have been recently priced out of the Ethereum...

Sep 03 2021

Arbitrum One Beta Publicly Launches To Bolster Ethereum Scaling

In a major development for Ethereum scaling, Arbitrum One has launched it’s beta product on the Ethereum mainnet on Sep 01. The Ethereum blockchain has gotten congested lately and the launch will bring a much needed relief to the DApps users. Arbitrum One has long had interest from major developers on Ethereum and several have already migrated their products onto the L2...

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