Also: Avalanche's big upgrade; rollups welcome Beam Chain
What's good for the L1 is good for the L2s. That's the assessment the teams behind zkSync and Polygon, two of the leading layer-2 networks running on top of Ethereum, gave of Justin Drake's proposal to overhaul the $400 billion blockchain, dismissing suggestions it would make their auxiliary networks redundant. “That's really a misconception,” said Alex Gluchowski, the CEO of Matter Labs, the developer firm behind zkSync.
Starknet has become the first major rollup blockchain running on top of Ethereum to let users earn money by staking their tokens and validating transactions. Now, anyone who has at least 20,000 STRK tokens can pledge the asset as collateral and earn rewards for validating transactions. Users with less than 20,000 STRK can delegate their tokens to validators to stake on their behalf.
This year, Ethereum's Dencun upgrade introduced blobs, which allow large chunks of data to be temporarily attached to transactions, and later deleted after the data is verified. Layer-2 protocols such as BASE, Arbitrum, and Optimism use blobs to bundle transactions together, process them off-chain and then post them to the Ethereum main chain for verification without permanently gumming up the works.
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