Bitcoin and Ethereum: Trustlessly Bridging to Layer 2 and the Blob Mob

Welcome to today’s blockchain tech roundup! We’ve got some exciting updates to share with you about what’s happening in the world of cryptocurrency development.

First up, we have some news about Ethereum’s blob mob. The teams behind zkSync and Polygon, two popular layer-2 networks built on Ethereum, are excited about Justin Drake’s proposal to overhaul the Ethereum blockchain. They believe these changes will not make their networks redundant, but rather improve efficiency and lower transaction costs for users.

Moving on, we have an update on Sui Network, which experienced a brief outage due to a bug in its transaction scheduling logic. Luckily, the issue was quickly resolved, highlighting the importance of maintaining strong network infrastructure in the crypto space.

Starknet is making waves by becoming the first major rollup blockchain to introduce staking for users, allowing them to earn rewards by validating transactions. This marks a significant milestone for the Ethereum layer-2 ecosystem and opens up new opportunities for token holders to participate in network operations.

Avalanche, the eighth-largest blockchain by total value locked, is undergoing a major technical upgrade known as Avalanche9000. This upgrade aims to reduce transaction costs, attract developers to the platform, and enable the creation of custom blockchains using subnets. The team is working hard to bring Avalanche9000 to the mainnet by the end of the year.

Finally, BitcoinOS has successfully executed a trustless bridge transaction, bridging Bitcoin to a layer-2 network without the need for intermediaries. This marks a significant milestone in the development of smart contract projects and showcases the potential for secure, decentralized transactions in the crypto space.

Stay tuned for more updates on the latest developments in blockchain technology. And remember, always do your own research and stay informed about the rapidly evolving world of cryptocurrency!