Figment’s Post

Today we announce the Obol Collective: 📌 A community dedicated to scaling Ethereum by strengthening the security, resiliency, and decentralisation of the consensus layer through the development and deployment of distributed validators. 📌 The Collective is comprised of 50+ entities and 1000s of individuals across the Ethereum staking ecosystem, including names like Lido Finance, Eigen Labs, Figment, ether.fi, Bitcoin Suisse AG, Nethermind, Blockdaemon, Chorus One, Dappnode, and many more. 📌 The Collective is fueled by Obol’s economic model, which directs 1% of staking rewards from DVs to ecosystem projects via retroactive funding - a positive flywheel to accelerate adoption of DVs and scale the consensus layer. The full list of Collective participants is available at obol.org/governance, and includes: 🏛️ Staking Protocols & Products 💻 DV Client Teams 🛠️ DV Tooling 🏢 Validator Operators 🏡 Squad Stakers 👔 Investors and Advisors 👨🏫 Educators and Researchers 🪙 Stakers Read more in our announcement 👇 https://lnkd.in/eDWif6xS

Ethereum layer-2 scaling solutions Starknet and zkSync are among the few platforms to have increased their total monthly active developer counts over the last 12 months, data shows.While Starknet and zkSync only recorded increases of 3% and 6% respectively, the likes of Ethereum, Polygon and Solana saw their counts fa by 23%, 43% and 57% respectively over the same timeframe, according to an # # # # # # # #

💡 InceptionLST: Where the Ethereum Foundation's core principles meet innovation Since its establishment, Ethereum has undergone numerous transformations, but its foundational principles remain steadfast. At InceptionLST, we resonate with these values, aligning our vision with the Ethereum Foundation's ethos. Our mission? Championing decentralization at its core. 1️⃣ The Ethereum Foundation (EF) is anchored by the following principles: ➤ Long-Term Vision - Ethereum is seen as a transformative protocol for human collaboration, poised to leave a lasting legacy. ➤ Philosophy of Subtraction - The EF champions decentralization, distributing opportunities rather than accumulating power. ➤ Core Values - The EF safeguards values like commitment to decentralization and open access, ensuring Ethereum's essence remains vibrant. 2️⃣ EigenLayer: InceptionLST's Core How does InceptionLST align with Ethereum's principles? ➤ EigenLayer is our answer. This cornerstone amplifies economic security, reflecting Ethereum's dedication to enduring stability. Through innovative restaking of ETH and assets like ETH LSTs, EigenLayer fortifies its network with restakers being rewarded. However, like traditional staking, restaking on EigenLayer presents a challenge: locked liquidity. 🔒 3️⃣ InceptionLST: Liquidity Solutions for Restaked ETH LSTs Leveraging Ethereum's decentralization and EigenLayer's pioneering approach, restaking at InceptionLST extends ETH's influence across diverse networks. Our unique proposition? Users restaking ETH LSTs obtain a liquid restaked token (LRT). For instance, restake stETH and receive instETH. This model ensures users maintain their liquidity for yield farming purposes while reaping restaking rewards on EigenLayer. And, we're not stopping here; other L2 networks are within our sights! 4️⃣ InceptionLST & Ethereum: Shared Visions With EigenLayer foundational and restaking driving us, InceptionLST stands as a testament to Ethereum's mission, ensuring a future that's secure and decentralized. Curious to explore further? Visit our website and experience our testnet firsthand. The future awaits, and it's always wise to be ahead of the curve. 😉

Vitalik Buterin, founder of Ethereum, has outlined a vision for Ethereum's cypherpunk future. He referred to Web3's original vision, as coined by Gavin Wood, which was to create a decentralized, public shared storage network. Buterin pointed out that the ENS is one of the very few large-scale non-financial applications. He blames high transaction costs for the deviation from Web3's original vision Buterin noted that while financial applications have been predominant, recent advancements in L2 rollups, IPFS storage, account abstraction, and zero-knowledge tech pave the way for developing a wider range of applications. https://lnkd.in/dDSeR2HU

Ferrum is Pioneering Interoperability 2.0 — a new era of interconnected blockchains. Powered by a multichain messaging engine known as Quantum Portal, Ferrum Network’s mainnet will bring value, data, and interoperability to every chain in the industry.The ferrom innovationFRC-5 aims to revolutionize Crucible Staking by reducing the entry barriers and improving accessibility for all users. By lowering the cost of entering and exiting, we incentivize greater participation in presales, further strengthening our vibrant communityFerrom achievementWe are beyond excited to share that Ferrum Network has won a parachain auction 💥After bidding anonymously, Ferrum secured Kusama Parachain Slot 2274 for the Quantum Portal Network — The Foundation of Ferrum’s Mainnet Infra 🚀To find out more about what this means for Ferrum, be sure to check out the article linked below 👇medium.com/ferrumnetwork/… This article dives into the following:✅ Background✅ What is the Quantum Portal Network?✅ Why did we go for a slot on Kusama?✅ Why not just launch Ferrum Network on Kusama and migrate to @Polkadot ?✅ What’s Next? This is a project that's is Worthy enough to invest much of what you have gottenThe blowing one is their zealy$20000 as the zealy rewards so huge right JOIN NOW: https://lnkd.in/gs9QGcbM This is your reminder that Crypto Summer Campaign 2023 Edition is live until August 31st.💰 Unleash the $20,000 Crypto Treasure!Prepare for a mind-blowing crypto fiesta as we bring you one of the year's most colossal campaigns! 💰With a jaw-dropping $20,000 in rewards, the excitement is simply off the charts! Are you ready to seize your chance and win your slice of the prize pool? 🏆🏖 Participating Projects:We have brought together an exceptional lineup of projects for the Crypto Summer Campaign 2023 Edition. Join forces with FerrumNetwork,@theyakdao,@playbithotel,@yaynetwork,@_dedprz,@GoracleNetwork,@ARQxAI,@MegafansGaming,@KvantsAI,@virtualversions,@Moxyio,@tokenomiapro,@Chain_GPT,@hypergpt,@zkMakers,@join_hyve,@TheZabas,@goodgamelabs,@metahorseunity, and @DexCheck_io to make this summer one to remember! So what are you waiting for dive in and make it once and for all ☺️☺️Medium

Just in: Scroll Mainnet Launch! 🌐 After over 15 months of hard work, Scroll has officially launched its mainnet. This marks a significant milestone in the journey to enhance Ethereum's scalability using zero-knowledge proofs (zkEVM). ✨ In collaboration with the Ethereum Foundation and the open-source community, Scroll has introduced zkEVM technology, making it compatible with Ethereum's EVM at the bytecode level. 🌟 What does this mean for you? It expands the possibilities for decentralized applications and seamless value transfer. The initial focus is onboarding infrastructure providers, such as node operators and validators. 🗺️ Scroll roadmap includes a decentralized proof network and sequencer, offering future airdrops and coin issuance. Scroll's testnets have already demonstrated their performance potential, with over 450,000 smart contracts deployed, processing 90 million transactions, and generating 280,000 ZK proofs. 💪 Scroll is actively developing an SGX-based second prover to ensure network reliability, even if the sequencer goes offline. Full coverage: https://lnkd.in/gyiq5qfG #ScrollMainnet #BlockchainInnovation #Ethereum #zkEVM #CryptoTech #BlockchainScalability #mainnet #web3 #DEX #innovation #Node #Smartcontracts

RADIX : AN INTEGRATED TECHNOLOGY SOLUTION TO THE MULTIPLE PROBLEMS THAT LIMIT DeFi’S POTENTIAL. The growth of DeFi rests on the shoulders of developers who will build the dApps that replace the traditional closed financial system with a better one that is open, democratic, and ceaselessly innovative as the barriers holding back DeFi are precisely those that hold back developers. The RADIX_Project aims to provide an integrated technology solution to the multiple problems that limit DeFi’s potential. Radix believes there are four major barriers that DeFi developers face today that it can solve with four crucial technologies that make up the Radix platform. This includes; Asset-oriented smart contract paradigm On-network DeFi “lego bricks” The problem today: All functionality on Ethereum Self-incentivizing developer ecosystem Unlimited dApp scalability Solutions Radix seeks to move past the Ethereum conceptualization of smart contract development and give developers a new paradigm of asset-oriented smart contracts intended for DeFi. The Radix Engine2 smart contract environment, together with the Scrypto programming language, finally make production-quality DeFi dApp development easy and safe – without limiting what the developer can build. With these tools, more complex dApps become practical, the pool of available dApp developers can rapidly grow, and developers finally stand a chance of avoiding hacks and exploits. To sustainably grow a community around Radix’s developer tools, a system that creates a decentralized, self-incentivizing developer ecosystem – similar to how blockchains currently self incentive their network infrastructure are needed. This is the purpose of Radix’s on-network system of flexible Developer Royalties4 which allows crypto developers to be rewarded for code that is truly valuable to users and other developers – in every transaction. Don't miss out on this great innovation Get to know more through these links https://www.radixdlt.com/ https://lnkd.in/davBxWM6

We are seeing the rise of a new class of Ethereum L3 chains. Here's how they are different from existing L2s: 👇 Apparently, the recent Ethereum Dencun upgrade should have solved the problems plaguing L2s by slashing gas fees by 10x. Yet it didn't quite work out that way. So we are seeing an emerging narrative around a new generation of L3 chains built on top of existing L2 chains. Unlike L2 chains, L3 chains, often called app chains, typically offer less decentralization and security. Built around specific communities or dApps, they usually offer lightning-fast transaction times and close to $0 gas fees. Some of the most prominent use cases are • Apechain by Yuga Labs (For their BAYC Metaverse projects and games) • Animechain by Azuki (Network for anime creators and enthusiasts) • DegenChain built by degens from Farcaster Decentralized Social Media Protocol (degen casino) This emergence of L3s in part is made possible by some of the popular existing tech frameworks: • Arbitrum Orbit from The Arbitrum Foundation (launch highly customized chain) • OP Stack from OP Labs (standardization and interoperability with other OP-stack chains) Are these new L3s likely to replace L2? The short answer is probably not. They will function akin to controlled and more centralized environments for different web3 projects and niche communities. These projects will be able to set their own rules of the game and prioritize certain features at the expense of others. Also, L3 chains still don't magically enhance the throughput of their parent L2 chains. And face some criticism from some of the existing L2s (i.e. Polygon) for drawing value and security away value from Ethereum. -- Whether you like them or not, L3s are likely to stay here and grow in number. The question to be seen is if they will be able to establish a long-term sustainable business model that will make them and their communities thrive. P.S. Have you tried any L3 chains? Which one is your favorite and why? Follow 👉 Aram Mughalyan & consider sharing ♻️ this post if you like it.

Ok so at 'some point' we may see Layer 4,5,6,7 etc etc, but for now here's a very useful breakdown of Ethereum Layer 2 vs Layer 3 chains. Thanks Aram Mughalyan for simplifying this for everyone - and giving the clear use cases as well. #ethereum #layer2 #blockchain

RADIX : AN INTEGRATED TECHNOLOGY SOLUTION TO THE MULTIPLE PROBLEMS THAT LIMIT DeFi’S POTENTIAL. The growth of DeFi rests on the shoulders of developers who will build the dApps that replace the traditional closed financial system with a better one that is open, democratic, and ceaselessly innovative as the barriers holding back DeFi are precisely those that hold back developers. The RADIX_Project aims to provide an integrated technology solution to the multiple problems that limit DeFi’s potential. Radix believes there are four major barriers that DeFi developers face today that it can solve with four crucial technologies that make up the Radix platform. This includes; Asset-oriented smart contract paradigm On-network DeFi “lego bricks” The problem today: All functionality on Ethereum Self-incentivizing developer ecosystem Unlimited dApp scalability Solutions Radix seeks to move past the Ethereum conceptualization of smart contract development and give developers a new paradigm of asset-oriented smart contracts intended for DeFi. The Radix Engine2 smart contract environment, together with the Scrypto programming language, finally make production-quality DeFi dApp development easy and safe – without limiting what the developer can build. With these tools, more complex dApps become practical, the pool of available dApp developers can rapidly grow, and developers finally stand a chance of avoiding hacks and exploits. To sustainably grow a community around Radix’s developer tools, a system that creates a decentralized, self-incentivizing developer ecosystem – similar to how blockchains currently self incentive their network infrastructure are needed. This is the purpose of Radix’s on-network system of flexible Developer Royalties4 which allows crypto developers to be rewarded for code that is truly valuable to users and other developers – in every transaction. Don't miss out on this great innovation Get to know more through these links https://www.radixdlt.com/ https://lnkd.in/davBxWM6