Quick Reads and Hot Links Covering the People and Projects Who Are Scaling Ethereum
Dear Frens,
It’s another week in web3 and one where we get to share the recent happenings in the Layer 2 ecosystem.
L2s (rollups) are often referred to as a continuously growing solution to Ethereum’s scalability issues while inheriting its security. However, inheriting security means that on rollups, it is possible to use confirmation rules that have around the same security as Ethereum’s confirmation rules. To properly track these rules and the security they provide, L2BEAT introduced finality.
Layer 2s are solving the scalability issues of the base layer, however, they developed issues of their own which still take their root from the blockchain trilemma — security, scalability, and decentralization. In this week’s editorial, we do a mini dive into decentralization, evaluating the landscape.
All this boils down to the fact that we are still early, but we will keep moving towards the future we hope to create. Read on for the latest stats, proposals, and ecosystem updates from around Layer 2.
Contributors: Warrior, Tonytad, jengajojo, Boluwatife, Paulito, Kornekt, WinVerse
This is an official newsletter of BanklessDAO. Please subscribe and share to help us grow our audience as we fulfill our mission to build user-friendly crypto onramps.
[subscribe button]
[share button]
⛓️ Polymer Labs Raises $23M to Build Ethereum’s Interoperability Hub
🆕 OKX Ventures Leads Strategic Investment in Cross-Layer 2 Protocol Orbiter Finance
🔀 Animoca Brands Plugs Into LightLink Delivering Web3 Gaming UX to Web2 Users