Ethereum Daily Profile picture
Jan 15 8 tweets 19 min read
Layer 2 scaling solutions are a way to increase the scalability and throughput of blockchain networks like Ethereum, by processing transactions off-chain.

🧵👇
#layer2 #scaling #blockchain #OptimisticRollup #ZK-Rollups #Sidechains #Validium
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
@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.

@zksync
#StarkNet @StarkWareLtd
@loopringorg
@Scroll_ZKP
@taikoxyz
@arbitrum @optimismFND @bobanetwork @MetisDAO @zksync @StarkWareLtd @loopringorg @Scroll_ZKP @taikoxyz 3/ Sidechains are also a type of Layer 2 scaling solution, which allows for the transfer of assets and information between different chains without clogging the main chain.

@0xPolygon
@arbitrum @optimismFND @bobanetwork @MetisDAO @zksync @StarkWareLtd @loopringorg @Scroll_ZKP @taikoxyz @0xPolygon 4/ Validium (StarkEx is a Validium) is a Layer 2 scaling solution, which allows for the execution of smart contracts off-chain, reducing the load on the main chain while maintaining security and decentralization.

@Immutable
@Myria
@rhinofi
@Sorare
@arbitrum @optimismFND @bobanetwork @MetisDAO @zksync @StarkWareLtd @loopringorg @Scroll_ZKP @taikoxyz @0xPolygon @Immutable @Myria @rhinofi @Sorare 5/ Layer 2 solutions help to reduce the burden on the main chain, improving the overall scalability and speed of transactions without sacrificing security.
@arbitrum @optimismFND @bobanetwork @MetisDAO @zksync @StarkWareLtd @loopringorg @Scroll_ZKP @taikoxyz @0xPolygon @Immutable @Myria @rhinofi @Sorare 6/ Many of these solutions are still in development, but the Ethereum community is actively working on implementing them to improve the network's capabilities and handle the increasing demand.
@arbitrum @optimismFND @bobanetwork @MetisDAO @zksync @StarkWareLtd @loopringorg @Scroll_ZKP @taikoxyz @0xPolygon @Immutable @Myria @rhinofi @Sorare 7/ Stay tuned for updates on Layer 2 scaling solutions and how they will shape the future of decentralized applications and the blockchain ecosystem.

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More from @ETH_Daily

Jan 14
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.
Read 4 tweets
Jan 2
Prepare for mega #Airdrop in 2023

🧵Covering:
Arbitrum & Nova $ARB
Optimism $OP
zkSync $ZKS
StarkNet $STARK
LayerZero $ZRO
Scroll $SCROLL
Aztec $AZTEC

What next?? 🤔
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

Read 8 tweets
Dec 27, 2022
[PART 2] Everything You should know about @GMX_IO $GMX

🧵👇
@GMX_IO If you haven't seen PART 1, PLEASE FOLLOW THIS TWEET

@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.
Read 11 tweets
Dec 26, 2022
Hope you all have a great day! ✨🔴

@optimismFND Airdrop #2 : All-in-One Guide

Step-by-step guide to make sure you don’t miss out!

👇🧵
#Airdrop $OP #Optimism Image
@optimismFND People earned up to $50k from the first Optimism airdrop and V2 will be even bigger ✨🔴

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. Image
@optimismFND In January 2023, @optimismFND will distribute 10 million $OP tokens to fund public goods that support the OP Stack ✨🔴

Read 12 tweets
Dec 22, 2022
[PART 1] Everything You should know about @GMX_IO $GMX 🫐

🧵👇 Image
@GMX_IO GMX is a decentralized exchange project, supporting spot trading and derivatives trading, built on the @arbitrum - layer 2 network of Ethereum. Image
@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
Read 6 tweets

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