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…One faction supported the Segregated Witness (SegWit) upgrade to improve efficiency and enable Layer-2 blockchain scaling solutions like the Lightning Network. Others argued that SegWit would not enhance Bitcoin’s usability for everyday transactions and instead pushed for larger block sizes to reduce network congestion. The SegWit proposal ultimately won, but dissenters, led by influential Bitcoin enthusiast Roger Ver, initiated a hard fork in August 2017, creating Bitcoin Cash (BCH), with lar…
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…But what exactly is sharding in the context of blockchain technology and Ethereum, in particular? Our report explores this and other features of the Dencun upgrade.Ethereum co-founder Vitalik Buterin’s blog opines on the advantages of sharding compared to other scaling solutions in addressing the scalability trilemma: Source: Vitalik.ca Ethereum aims to eventually implement a particular type of sharding called Danksharding. Essentially, instead of splitting into ‘shard chains’, Dankshardin…
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Layer-1 A succinct definition of Layer-1 Layer-1Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYLAYER-1Copy linkShare on TwitterShare on FacebookShare on LinkedinLayer-1A Layer-1 blockchain refers to a base network that has its own infrastructure and can run independently. Bitcoin and Ethereum are two examples of Layer-1 networks. Sharding and consensus changes are the two most common solutions for Layer-1 blockchains. Sharding breaks transactions into smaller sets of data, kno…
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…With the rise of layer-2 scaling solutions across Ethereum and beyond, AltLayer plays a crucial role in making rollup creation more accessible, flexible, and interoperable. The platform introduces a novel concept called “Restaked Rollups,” which are enhanced rollups that use EigenLayer’s restaking mechanism for extra security. This structure allows developers to launch rollups that are not only easier to build but also more secure and aligned with the shared security model of Ethereum. Thr…
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…Below are some of the most popular today, in no particular order: Tether (USDT) USDT is pegged to the US dollar and currently the most popular stablecoin in the market.USD Coin (USDC)USDC is a fully collateralised US dollar stablecoin powered by Ethereum, jointly created by Circle and Coinbase.Polygon (MATIC) MATIC is typically used to secure Polygon’s Proof of Stake (PoS) network through validators, who receive additional MATIC tokens as a reward for staking their tokens.Shiba Inu (SHIB)S…
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…Polygon Zero is distinguished from other ZK scaling solutions due to its Plonky2 prover system, which supports efficient recursive proof generation. Type 3 zkEVMs are almost EVM equivalent but sacrifice full EVM equivalence in order to shorten prover times, as well as make the EVM easier to develop. In general, Type 3 is a transitional stage, and projects typically do not aim to permanently stay as Type 3. In general, Type 3 zkEVMs transition to Type 2 by incorporating outstanding features such…
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Ethereum: The Merge The Merge is finally complete. Energy consumption is expected to drop by 99.95%. It will not reduce gas fees or increase transaction speeds. More upgrades are incoming. Ethereum: The MergeLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompany19 Sep 2022|RESEARCHEthereum: The MergeThe Merge is finally complete. Energy consumption is expected to drop by 99.95%. It will not reduce gas fees or increase transaction speeds. More upgrades are incoming. Research Disclaimer Crypto.…
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…Below are some of the most popular today, in no particular order: Tether (USDT) USDT is pegged to the US dollar and currently the most popular stablecoin in the market.USD Coin (USDC)USDC is a fully collateralised US dollar stablecoin powered by Ethereum, jointly created by Circle and Coinbase.Polygon (MATIC) MATIC is typically used to secure Polygon’s Proof of Stake (PoS) network through validators, who receive additional MATIC tokens as a reward for staking their tokens.Shiba Inu (SHIB)S…
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Sharding A succinct definition of Sharding ShardingLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYSHARDINGCopy linkShare on TwitterShare on FacebookShare on LinkedinShardingSharding is a database partitioning technique to improve a network’s scalability and enable more transactions per second (tps). It involves splitting a blockchain into multiple ‘shards’ and storing them across a number of databases. Each shard consists of its own data and is independent of other shards…
…Ethereum, for example, has Layer-2 scaling solutions that aim to overcome its scalability issues, along with changing its consensus mechanism during its Shanghai Upgrade.Some consider the blockchain trilemma as something that can never be solved, with one benefit always sacrificed for the other two. However, there are also ambitious developers creating new projects that aim to find the perfect balance and solve the trilemma. Key TakeawayThe blockchain trilemma refers to a common problem that al…
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