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Cryptocurrency News Articles
Kraken Releases Its Ethereum L2 Scaling Solution, Ink, Months Ahead of Schedule
Dec 19, 2024 at 11:19 am
The global crypto exchange announced the launch of its Ethereum Layer-2 network last night, coming months earlier than its proposed 2025 debut.
Kraken has introduced Ink, an L2 scaling solution, ahead of its proposed 2025 launch.
The launch is part of the "Superchain" project, where several platforms boosting Ethereum’s efficiency are built on the same framework.
Ink is built on an OP stack, utilizing technology created by Optimism. As part of the integration, Optimism will send Kraken 25 million OP tokens.
Coinbase, Uniswap, and Sony Blockchain Labs have also reached deals with Optimism to build using their tech stack.
Ultimately, Ink aims to "bridge the gap between users and…builders engineering the future of DeFi by creating a seamless, connected ecosystem.”
While full functionality is not yet unlocked, Ink already supports several features for developers and DeFi users.
"Builders" can access developer toolkits and participate in the protocol’s first-ever Hacker House event.
On the investor side, users can connect their wallet to the Ink network and begin bridging funds from ETH to the L2 protocol.
Other popular dApps already live include Curve finance, Dune, and Polymer.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Massive USDT Exchange Inflows Continue, Potentially Acting as Fuel for the Bitcoin and Wider Cryptocurrency Rally
- Dec 19, 2024 at 03:05 pm
- On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally.
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- Kaito's Token Mindshare: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Pudgy Penguins (PENGU), and Fartcoin (FARTCOIN) Attract the Most Attention
- Dec 19, 2024 at 03:05 pm
- According to the top gainers on the AI-based Web3 search platform Kaito's Token Mindshare (a metric quantifying the influence of specific tokens in the crypto market)
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- The Federal Reserve’s latest decision to lower its policy rate to the 4.25-4.5% range has sent shockwaves through financial markets, including a significant impact on the crypto sector.
- Dec 19, 2024 at 03:05 pm
- The Fed's dot plot, which maps policymakers' future rate expectations, revealed a reduced forecast for rate cuts next year, down from four to just two.
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