Layer 2 scaling solutions are a way to increase the scalability and throughput of blockchain networks like Ethereum, by processing transactions off-chain.
1/ One popular Layer 2 scaling solution is #OptimisticRollup, which allows for multiple transactions to be bundled and processed together off-chain and then only the final result is posted to the main chain.
@arbitrum@optimismFND@bobanetwork@MetisDAO 2/ Another solution is ZK-Rollups, which uses zero-knowledge proof to bundle multiple transactions together while maintaining the privacy of the transaction data.
Ethereum Shanghai Testnet is Expected to Launch in February
Here's What You Need to Know
🧵👇
[1/4]
[2/4] Ethereum has announced the launch of a second testnet for the Shanghai hard fork, which will unlock the ability for users to stake their ETH and earn rewards for participating in the network's consensus process.
[3/4]The testnet will allow developers and users to test and prepare for the upcoming upgrade before it is implemented on the main Ethereum network.
At the time of launch the Airdrop v1 represented about 5% of the total supply and there’s still 14% of $OP tokens reserved for future airdrops. @optimismFND Airdrop #2 : All-in-One Guide
@GMX_IO For derivatives trading, the maximum leverage applied on GMX is x50.
To use leverage, users must collateralize assets, GMX accepts any asset traded on GMX as collateral. We will give an example when you use USDC as collateral.
[PART 1] Everything You should know about @GMX_IO $GMX 🫐
🧵👇
@GMX_IO GMX is a decentralized exchange project, supporting spot trading and derivatives trading, built on the @arbitrum - layer 2 network of Ethereum.
@GMX_IO@arbitrum As one of the first perpetual contract exchanges on @arbitrum, GMX gained a lot of users, then continued to expand into the Avalanche ecosystem.
Arbitrum and Avalanche are GMX's ecosystems. These blockchains have lower transaction fees and faster transaction speeds than Ethereum