The Ethereum network has come a long way over the last few years. Everything from the rise of decentralized finance (DeFi) to the recent London upgrade has made the network the most compelling attempt to instill a ‘world computer,’ but there’s still work to be done. For global adoption to be the backbone of Web 3.0, the network will need the benefits that the Eth 2.0 upgrade promises to offer. However, to scale for a new wave of decentralized applications (DApps), it’s going to take a lot more, and it’s looking like layer-two solutions may be the only answer. Related: …

The sad reality is that a lot of fake news, scam messages and other fraudulent and defamatory materials are circulating the web, making it difficult for investors to know what information is legitimate and who they can trust. While trading can be fun and exciting, it can also lead to emotional or financial stress, especially when many dishonest parties manipulate the market. Although bad people will always exist, traders can exercise caution by leveraging the principles of responsible trading. Responsible trading requires investors to execute control over their trades, knowing when they are in a suitable position to take on …

On Oct. 1, the cryptocurrency market experienced a 9.5% pump that drove Bitcoin (BTC) and Ether (ETH) to their highest levels in 12 days. A variety of reasons have been attributed to the price move, including the United States consumer price index, exchanges' diminishing supply and a "cup and handle" bullish continuation chart formation. Traders are not likely to find an explanation for the sudden move, apart from investors regaining confidence after the Sept. 19 drop was attributed to contagion fears from China-based property developer Evergrande. The Ethereum network has been facing some criticism due to the $20 or higher …

In September the frenzy that propelled the nonfungible token (NFT) sector quieted down but a burst of fresh energy emerged as the layer-two sector heated after the successful launch of Ethereum (ETH) scaling solutions like Arbitrum and Optimism. Another project that has benefited from the sector's transition to layer-1 and layer-2 alternatives is OMG Network (OMG), a non-custodial layer-two protocol that utilizes an optimistic rollup scaling solution to improve Ethereum scalability. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $8.42 on July 20, the price of OMG has climbed 380% to reach a daily …

Decentralized oracle service Umbrella Network officially launched on Ethereum on Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC. The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the need to transfer tokens and other crypto assets between the two networks. The cross-chain bridge also enables users to stake and farm crypto tokens on either blockchain. Umbrella said it’s planning future cross-chain integration with Polygon, Solana, Cardano and Avalanche, though no timetable was given. Although the blockchain industry has given birth to several oracle services, …

High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem. Since the completion of Ethereum's London hard fork, cross-chain bridges and layer-2 solutions have been revised as options for mitigating the high fees on the Ethereum network. In the past two weeks, Celer, a layer-two scaling solution that utilizes off-chain transaction handling to help increase the throughput capacity of its network, has seen …

The competition among layer-one smart contract platforms has been on the rise in the past couple of months as traders and developers continue to embrace Ethereum network alternatives that offer faster transaction times and lower fees. According to a recent report from Delphi Digital, the price of Ether (ETH) has remained relatively flat over the past month, while competitors suc as Solana (SOL) and Fantom (FTM) have seen their prices rally more than 200% during the same time. One of the drivers of the rallies seen in Fantom (FTM), Avalanche (AVAX) and Terra (LUNA) is the fact that each has …

Solana (SOL) reached a $216 all-time high on Sept. 9 after rallying 508% since August. The bull run caused some analysts to project a $500 target tha would translate to a $150 billion market capitalization. It is worth noting that during SOL's rally, the Ethereum network's average transaction fee surpassed $40. Surging interest in the nonfungible token (NFT) market accelerated investors' transition to Solana, which was boosted by the launch of FTX's NFT marketplace on Sept. 6. The above chart shows SOL's two-month performance compared to Avalanche (AVAX) and Cosmos (ATOM). Both are fighting for the same decentralized application user-base …

According to a blog post published by Optimism on Sept. 17, the team anticipates Ethereum-native protocols will be able to launch on its network in a single click by the end of October. “Any tooling that can run on Ethereum will run identically on Optimistic Ethereum,” the post highlighted, adding: Optimism, the Ethereum Foundation-backed team building developing a layer-two roll-up network, has announced upgrades to its protocol that will enable developers to deploy on its network in just "one click.” “Anyone who has written code targeting Geth can now deploy without change — even for advanced features like traces and …

Announced on Monday, Ernst & Young’s flagship blockchain services, including EY OpsChain and EY Blockchain Analyzer, will be integrated with Polygon, allowing transactions to be committed to Ethereum via the sidechain. EY emphasized that its enterprise clients will have access to increased transaction throughput with predictable fees and settlement times using Polygon. The firm also revealed it is working with Polygon to offer permissioned, private optimistic rollup chains. Rollups are a layer-two scaling solution that provides increased security and efficiency compared to transacting on the Ethereum mainnet. Paul Brody, global blockchain leader at EY, remarked: “Working with Polygon provides EY …

Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution. Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B fundraising round. The round was led by Lightspeed Venture Partners and also saw participation from heavyweight crypto investors Polychain Capital, Pantera Capital, Alameda Research and Mark Cuban. Lightspeed partner Ravi Mhatre also joined Offchain Labs’ board as part of the round. Amy Wu, also a partner at Lightspeed, stated: “[Offchain Labs’] dedication to the Ethereum developer community …

Teller Finance, a non-collateral lending protocol for the decentralized finance (DeFi) market, has officially deployed its mainnet on Polygon, marking a significant milestone in its quest to offer scalable user-friendly solutions. With the launch of Teller’s Polygon mainnet, users can begin making deposits and funding liquidity pools immediately, the company disclosed Tuesday. The Teller protocol continues to be available for use on the Ethereum (ETH) mainnet. Teller’s Polygon deployment is part of a broader strategy to widen the mainstream appeal of digital assets without the bottlenecks of slow transaction speeds and higher fees. Teller’s CEO, Ryan Berkun, credited the success …