NFT News by Thebittimes.Com

Zeta Markets is among the top decentralized exchanges built on Solana. Zeta Markets plans to distribute 100 million Z tokens to Solana community members. Zeta Markets has also unveiled plans for the first Layer 2 scaling solution. Solana-based decentralized derivatives protocol, Zeta Markets, has launched its governance token, Z, and unveiled plans to introduce Solana’s first Layer 2 scaling solution. Zeta Markets is positioned as one of the top five decentralized derivatives platforms on Solana and its move aims to enhance community involvement and scalability within the Solana ecosystem. Zeta Markets to airdrop 100M Z tokens With a total supply of 1 billion tokens, Z’s allocation strategy underscores its commitment to decentralization and community-driven decision-making. Through an airdrop, 10% of the Z token supply will be distributed to active traders, stakers, and strategic Solana community members. Active traders, determined by Zeta...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. ZKFair is set to release a zero-knowledge (ZK) community -driven layer-2 network, according to a press release shared exclusively with crypto.news.  The layer-2 platform launched its testnet in early December and plans to deploy on the mainnet on Dec. 20.  Moreover, ZKFair will also distribute 100% of its tokens to the community through a fair airdrop. This approach ensures everyone has an equal opportunity to participate in the network’s growth and development. Through this model, the community can redefine the future of ZK, where every voice matters and innovation flourishes.  You might also like: Coinbase CEO considers anti-crypto bills as ‘bad political strategy’ The decision to launch ZKFair is to address existing issues. Though ZK technology can be an option for solving scalability issues ...

Ethereum co-founder Vitalik Buterin pens an analysis of Ethereum’s layer-2 ecosystem, highlighting diverse approaches to scaling the smart contract blockchain. The Ethereum layer -2 ecosystem is likely to continue evolving with diverse technological approaches , according to co-founder Vitalik Buterin. The co-founder of the smart contract blockchain unpacked the current landscape of Ethereum’s scaling ecosystem on his personal blog, with several layer-2 protocols differing in their approaches to bring greater scaling capacity, lower costs and increased security. As Buterin highlighted, Ethereum Virtual Machine (EVM) rollups pioneered by Arbitrum, Optimism, Scroll and more recently, Kakarot and Taiko, have drastically improved the respective security of their solutions. Different types of layer 2shttps://t.co/ry4VTtWhJ1 — vitalik.eth (@VitalikButerin) October 31, 2023 Meanwhile, “sidechain projects” like Polygon have also developed their own rollup solutions. Buterin also high...