StarkWare
Ethereum co-founder Vitalik Buterin shares vision for layer-3 protocols
While Ethereum-based layer-2 solutions have been focused on hyperscaling the network, Ethereum co-founder Vitalik Buterin believes layer 3s will serve a far different purpose — providing “customized functionality.” Buterin shared his thoughts in a Saturday post, providing three “visions” of what layer 3s will be used for in the future. The Ethereum co-founder said a third layer on the blockchain makes sense only if it provides a different function to layer 2s, which have been used mainly to enhance scaling via zero-knowledge (zk) Rollup technology: “A three-layer scaling architecture that consists of stacking the same scaling scheme on top of itself generally does not work well. Rollups on top of rollups, where the two layers of rollups use the same technology, certainly do not....
The ‘launch of a rocket’ — Observers on the future of Ethereum post-Merge
The Ethereum Merge is set to occur later today with the energy-efficiency focused transition expected to have a major impact on crypto investment and adoption, experts say. Speaking to Cointelegraph in the lead up to the Merge, StarkWare president and co-founder Eli Ben-Sasson noted that the Ethereum Merge will be the “first step in a process that will lead to exceedingly widespread adoption of Ethereum.” The immediate importance of the Merge is the dramatic effect on energy consumption. The Merge is expected to see Ethereum’s energy cut by 99.95% compared to its current Proof-of-Work (PoW) consensus mechanism, which requires large amounts of energy to be used in a competition to solve arbitrary mathematical puzzles. “I think of the Merge like the development of the first solar field...
Finance Redefined: 1Password partners with Phantom, and Stark deploys nine DApps, Feb. 18–25
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. In the aftermath of concerning political situations this week, the markets reacted strongly to the downside, but some assets attempted a recovery to end the week positively. 1Password collaborates with Phantom Wallet on API service Digital security platform 1Password announced a joint partnership with Phantom Wallet this week to grant asset holders the ability to consolidate their lists of public key addresses, seed phrases and other corresponding security details into a single “Save in 1Password” system. Operating primarily in the traditional financial sector at this time, 1Password has over 100,000 corporate clients from a panoply of industries, including well-recognized brands such as IBM, Slack, Shopify ...
