Search results for ZK rollup
Crypto
Loopring, Ethereum\'s first zk-rollup, closes decentralised exchange
Loopring, described as Ethereum\'s first zk-rollup project, has closed its decentralised exchange service, The Block reported. The project said it lacked a virtual machine, preventing composability and real payment use cases, which limited ecosystem growth. It also acknowledged its zkEVM architecture lagged newer solutions fully compatible with Ethereum smart contracts. Loopring said it will refund users directly and cover all transaction fees, and will later restrict Layer 2 withdrawals to team-controlled whitelisted addresses after an upgrade.
AI & Enterprise
Coinbase layer2 Base adopts Succinct zero-knowledge technology to enable one-day transaction finality
Coinbase-led Ethereum layer2 network Base is working with zero-knowledge technology provider Succinct to strengthen security, The Block reported on Sunday. Base will add Succinct’s SP1 zero-knowledge virtual machine and a trusted execution environment. Base currently runs as an optimistic rollup, which relies on a challenge period that can last days. Base said the integration can replace that period with cryptographic finality, achieving one-day finality.
Crypto
ENS halts own layer 2 work, focuses on Ethereum mainnet
Ethereum Name Service (ENS) will operate its next-generation protocol, ENSv2, only on the Ethereum mainnet and has stopped development of Namechain, its own layer 2 solution prepared for more than two years, The Block reported. Co-founder Nick Johnson said Ethereum has scaled much faster than expected. ENS had planned to cut .eth registration and update costs using a ZK-rollup-based layer 2, but said lower gas fees and a higher gas limit improved mainnet economics.
