Binance Founder Changpeng Zhao Embarks on a New Venture, an Education Project – AlexaBlockchain
Singapore,August 27,2021/AlexaBlockchain/ L2 Labs Foundation, the high-profile software engineering team behind flagship Ethereum-based decentralized exchanges (DEXes), solidifies its stance as a prominent scaling infrastructure provider. Now it intensifies the research and development efforts addressing the one-stop payment solution for businesses and individuals.
Seasoned blockchain developers from L2 Labs have shared the details of their new product, L2.Cash. It is going to allow decentralized applications and end users to harness leading L2 scaling techniques of the Ethereum (ETH) universe, zk-proofs.
The new product will be integrated with major Ethereum-based decentralized trading platforms and open to the whole blockchain ecosystem: no previous expertise in blockchain programming will be required to utilize L2.Cash.
Due to revolutionary resource-efficiency of zk-proofs, all Layer 2 transactions in L2 Labs solutions are 100% free. L2.Cash can also be used free of charge that reaffirms L2 Labs strategy of further expanding feeless scaling solutions worldwide.
Technically, L2.Cash should be referred to as a payment protocol for lightning-fast, low-latency retail transactions. Thus, it is the first out-of-the-box solution for retail users and merchants developed by L2 Labs. The launch of L2.Cash will finally give a proper spin to real-world zk-proofs adoption flywheel.
L2.Cash facilitates nearly-instant value transfers as zk-proofs infrastructure allows very low transactional latency and full consistency of L1/L2 status. It ensures maximum capability of 1,000 txs per second for all ERC-20 tokens.
Thus, using L2.Cash can save users businesses and wallets from the congestion and fee spikes of mainstream blockchains like Ethereum (ETH) and Binance Smart Chain (BSC). As covered by U.Today previously, within the periods of maximum network overload, fees on Ethereum-based DEXes like Uniswap (UNI) can spike over $250 per one swap.
L2.Cash boasts resource-efficient airdrop functionality: all Ethereum-based tokens can be distributed through its instruments free of charge. L2.Cash can airdrop tokens to 10 users every second. This feature is a crucial one for early-stage teams with tokens as it allows to save on infrastructure costs while airdropping assets to first adopters.
Also, the L2 Labs team is actively researching opportunities for zk-rollups technology to get connected to Ethereum Virtual Machine, also dubbed EVM, a decentralized computer behind Ethereum and a number of similar blockchains like Binance Smart Chain (BSC), Huobi Eco Chain (HECO), OKEx Chain (OEC), Polygon Network (MATIC), and so on.
Once deployed, L2.Cash protocol will be able to expand on every EMV-compatible chain. This, in turn, will open massive opportunities for its user base boost.
SOURCE L2.Cash
This Post L2 Labs Foundation Explores L2.Cash Protocol to Bring Zk-Proofs to Payment Tools first appeared on https://www.prnewswire.com/.
Read the original:
Binance Founder Changpeng Zhao Embarks on a New Venture, an Education Project - AlexaBlockchain
- Philippines orders removal of Binance from Google and Apple app stores - CNBC - April 24th, 2024 [April 24th, 2024]
- Philippines SEC orders Apple and Google to remove Binance from app stores - Cointelegraph - April 24th, 2024 [April 24th, 2024]
- Philippines Wants Binance Yanked From Apple and Google App Stores - PYMNTS.com - April 24th, 2024 [April 24th, 2024]
- Binance's Rivals Muscle In on Bitcoin Trading Around the World - Bloomberg - April 24th, 2024 [April 24th, 2024]
- Mega Whale Withdraws $53 Million Worth of Bitcoin from Binance - U.Today - April 24th, 2024 [April 24th, 2024]
- Binance to list Renzo as 53rd Launchpool token - crypto.news - April 24th, 2024 [April 24th, 2024]
- Binance loses bitcoin trading share as rivals expand in Asia - South China Morning Post - April 24th, 2024 [April 24th, 2024]
- Anchorage Digital, Komainu, and Binance top job moves in crypto - DLNews - April 24th, 2024 [April 24th, 2024]
- Binance's main stablecoin is diversifying to other exchanges - Blockworks - April 24th, 2024 [April 24th, 2024]
- Apple and Google to boot Binance apps in the Philippines for 'posing a threat' to investors - DLNews - April 24th, 2024 [April 24th, 2024]
- Former Binance Boss CZ Apologizes, Accepts Responsibility Ahead of Sentencing Bitcoin News - Bitcoin.com News - April 24th, 2024 [April 24th, 2024]
- Central Bank of Nigeria To Freeze Bank Accounts Linked With Binance, Bybit, KuCoin - Milk Road - April 24th, 2024 [April 24th, 2024]
- These Meme Coins Are Included in the Latest Binance Update: Details - CryptoPotato - April 24th, 2024 [April 24th, 2024]
- Binance burns over $1.17b in BNB tokens - crypto.news - April 24th, 2024 [April 24th, 2024]
- Nigeria's central bank forced to deny claims of crypto account freeze - Cointelegraph - April 24th, 2024 [April 24th, 2024]
- Binance: DOJ Recommends 3-Year Sentence for CZ's Violations - Watcher Guru - April 24th, 2024 [April 24th, 2024]
- Will Binance Burn Fuel The BNB Price To Achieve $700? - Coinpedia Fintech News - April 24th, 2024 [April 24th, 2024]
- Binance kicks off embarrassing week with class action lawsuit in Canada - CoinGeek - April 24th, 2024 [April 24th, 2024]
- Binance exec will remain in Nigerian custody until May 17 bail hearing: Report - Cointelegraph - April 24th, 2024 [April 24th, 2024]
- Philippines SEC Orders Binance App Removal - The Paypers - April 24th, 2024 [April 24th, 2024]
- Binance unveils spot copy trading feature in automated strategy tools expansion - The Block - April 24th, 2024 [April 24th, 2024]
- Crypto - Things are getting dangerously complicated for the former CEO of Binance! Will he get out of it? - Cointribune EN - April 24th, 2024 [April 24th, 2024]
- Binance seeks to re-enter India by paying $2 million in penalty: report - The Block - April 24th, 2024 [April 24th, 2024]
- Binance sued in Canada for securities law violations - Cointelegraph - April 24th, 2024 [April 24th, 2024]
- Ex-SEC Official Reacts To DOJ Seeking 3-Year Prison Term For Binance Founder CZ - CoinGape - April 24th, 2024 [April 24th, 2024]
- Binance Labs, Coinbase Backed Web3 Gaming Guild GuildFi Rebrands to Zentry - Cryptonews - April 24th, 2024 [April 24th, 2024]
- Central Bank of Nigeria Denies Freezing Accounts of Bybit, KuCoin, OKX, and Binance Users! - Coinpedia Fintech News - April 24th, 2024 [April 24th, 2024]
- These Meme Coins Are Included in the Latest Binance Update: Details - CryptoDaily - April 24th, 2024 [April 24th, 2024]
- Philippines Orders Google and Apple to Remove Binance's App - ihodl.com - April 24th, 2024 [April 24th, 2024]
- US glacial response to Nigeria's detention of former IRS crypto investigator rankles federal agents - The Record from Recorded Future News - April 24th, 2024 [April 24th, 2024]
- Why Binance Will Delist These 3 Altcoins - BeInCrypto - March 22nd, 2024 [March 22nd, 2024]
- Upcoming Binance listing: Top performing cryptos to monitor in 2024 - The Economic Times - March 22nd, 2024 [March 22nd, 2024]
- Binance Coin Weekend Price Prediction: Can BNB Hit $600? - Watcher Guru - March 22nd, 2024 [March 22nd, 2024]
- How Two Binance Employees Ended Up Detained in Nigeria - The Journal. - WSJ Podcasts - The Wall Street Journal - March 22nd, 2024 [March 22nd, 2024]
- Binance execs to spend 16 more days in Nigerian custody without charges after court ruling - DLNews - March 22nd, 2024 [March 22nd, 2024]
- Binance Coin is soaring to its all-time high! - Cointribune EN - March 22nd, 2024 [March 22nd, 2024]
- Nigerian court orders Binance to release user data, as company execs continue to be held without charge - The Record from Recorded Future News - March 22nd, 2024 [March 22nd, 2024]
- Kenya and US crypto groups unite in demand for release of detained Binance execs in Nigeria - CryptoSlate - March 22nd, 2024 [March 22nd, 2024]
- Binance Coin (BNB) Price After Bitcoin Halving - Watcher Guru - March 22nd, 2024 [March 22nd, 2024]
- Fezoos Bold Entry into Crypto Trading Captivates Binance Coin and Ripple Enthusiasts, Promising Up ... - CoinGape - March 22nd, 2024 [March 22nd, 2024]
- Binance Personnel Cleared of Insider Trading Allegations in BOME Controversy - CryptoPotato - March 22nd, 2024 [March 22nd, 2024]
- Binance Coin Inches Toward All-Time High While Monero & Hedera Holders Rush to this AI Crypto Presale - Cryptonews - March 22nd, 2024 [March 22nd, 2024]
- Binance CEO Now Expects Bitcoin Price to Top Earlier Estimate of $80K This Year Markets and Prices Bitcoin News - Bitcoin.com News - March 22nd, 2024 [March 22nd, 2024]
- Binance: A Guide to Navigating Bitcoin - The Ledger - March 22nd, 2024 [March 22nd, 2024]
- Binance Nigeria Executives Remain in Custody, Appear in Court - CCN.com - March 22nd, 2024 [March 22nd, 2024]
- Solana Whale Makes Massive 1,000,000 SOL Deposit To Binance, Bearish Sign? - NewsBTC - March 22nd, 2024 [March 22nd, 2024]
- Meme Coin Presale Soar on Solana, Surpasses $150 Million in Funds Binance Coin and Furrever Token Ride the Momentum - Coinfomania - March 22nd, 2024 [March 22nd, 2024]
- Binance Coin (BNB) Price Rebounds with Market Confidence - SFC Today - March 22nd, 2024 [March 22nd, 2024]
- Bitcoin price outlook: Why $80,000 is in play by end-of-year, says Binance CEO - Business Insider - March 22nd, 2024 [March 22nd, 2024]
- Crypto communities in Kenya and the US collaborate to release detained Binance executives in Nigeria - CryptoDaily - March 22nd, 2024 [March 22nd, 2024]
- Binance Expands Spot Market with New Pairs and Introduces Automated Trading Bots Services - Blockchain.News - March 22nd, 2024 [March 22nd, 2024]
- Binance is back, BNB is green, but what should traders really do? - AMBCrypto News - March 22nd, 2024 [March 22nd, 2024]
- Binance Coin BNB $1,000 Dream: Can the Binance Token Defy the Odds in 2024? - Blockonomi - March 22nd, 2024 [March 22nd, 2024]
- Binance Cofounder Issues Scam Warning to Crypto Community - U.Today - March 22nd, 2024 [March 22nd, 2024]
- Expert Investors Holding Binance Coin (BNB) Also Hold Shiba Budz Here's Why - Crypto Reporter - March 22nd, 2024 [March 22nd, 2024]
- Binance CEO sees Bitcoin soaring to $80,000 this year - Nation Thailand - March 22nd, 2024 [March 22nd, 2024]
- Here's When Ethereum Might Rally: Top Binance Trader - U.Today - March 22nd, 2024 [March 22nd, 2024]
- Binance Executives Still in Nigeria Custody After Court Appearance - Watcher Guru - March 22nd, 2024 [March 22nd, 2024]
- Here's Why Bitcoin (BTC) Is Dropping: Top Binance Trader Explains - U.Today - March 22nd, 2024 [March 22nd, 2024]
- Binance Urges Prime Brokers to Enhance KYC to Avoid U.S. Investors - Cryptonews - March 22nd, 2024 [March 22nd, 2024]
- Binance Cofounder Changpeng Zhao Teases New Educational Project Ahead of Sentencing - Unchained - Unchained - March 18th, 2024 [March 18th, 2024]
- BNB News: Binance Now Holds $100B Of User Assets in the Crypto Space - Coinfomania - March 18th, 2024 [March 18th, 2024]
- SEC Is Still Worried About the Security of Binance.US's Assets, Filings Show - Unchained - Unchained - March 18th, 2024 [March 18th, 2024]
- Binance Responds to Allegations of Insider Trading of Solana Meme Coin BOME - TradingView - March 18th, 2024 [March 18th, 2024]
- Binance and Other Exchanges List ETHFI Token, Price Peaks at $5.32 ATH - CoinGape - March 18th, 2024 [March 18th, 2024]
- Binance CZ Is Launching a New Project, But Its Not Crypto - Coinfomania - March 18th, 2024 [March 18th, 2024]
- Binance launches investigation into BOME insider trading allegations - crypto.news - March 18th, 2024 [March 18th, 2024]
- Binance Investigates BOME for Insider Trading Activity, Offers Up to $5M in Rewards for Evidence - Coinspeaker - March 18th, 2024 [March 18th, 2024]
- Binance-Nigeria Brawl Continues as Country Asks Exchange to Submit List of Top 100 Users - CoinDesk - March 18th, 2024 [March 18th, 2024]
- Solana (SOL) Flips Binance Coin (BNB), Is Ethereum Next? - U.Today - March 18th, 2024 [March 18th, 2024]
- Former Binance CEO CZ Teasing New Project - TradingView - March 18th, 2024 [March 18th, 2024]
- Binance Launches Internal Investigation Following Reports of BOME Insider Trading - Cryptonews - March 18th, 2024 [March 18th, 2024]
- How the Withdrawal of 158 Billion PEPE Tokens Will Affect Prices - BeInCrypto - March 18th, 2024 [March 18th, 2024]
- Changpeng Zhao is back with new project post-Binance era - FinanceFeeds - March 18th, 2024 [March 18th, 2024]
- Investor Names Key Reason Behind Bitcoin Crash, Binance Quietly Tightens Token Listing Process, Shibarium Smashes New Milestone: Crypto News Digest by... - March 18th, 2024 [March 18th, 2024]
- Binance Lists Book of Meme (BOME): Price Impact - BeInCrypto - March 18th, 2024 [March 18th, 2024]
- How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance - CoinDesk - March 18th, 2024 [March 18th, 2024]
- Binance CEO Richard Teng Predicts Bitcoin Breaking $80,000 - Cryptonews - March 18th, 2024 [March 18th, 2024]
- Binance Spun Off Venture Capital Arm Earlier This Year - CoinDesk - March 18th, 2024 [March 18th, 2024]
- Binance Investigates Alleged BOME Insider Trading as Token Slumps 20% - Coinfomania - March 18th, 2024 [March 18th, 2024]
Tags: