Crypto

Ethereum layer2 Zero Network to shut down operations

Ethereum layer2 Zero Network, which focused on gas-fee-free transactions, will shut down operations after about 18 months, The Block reported on May 21. The team said on X that it would end Zero Network and focus on the Zerion API and wallet. It said running an independent blockchain was not the right path to simplify user experience and drive adoption. The team said user assets are safe and advised users to move them by late July.

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.