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Avail offers to bridge the data availability gap for Ethereum rollups – Blockworks

Polygon spin-off Avail unveiled its data attestation bridge to Ethereum, Friday, as it seeks to carve out a niche in Ethereums rollup-centric scaling roadmap.

Layer-2 rollups currently use Ethereum mainnet for posting their transaction data, which represents the majority of the transaction cost to users. These costs are expected to come down significantly following the next Ethereum upgrade Dencun later this year, which will implement EIP-4844.

Further scaling gains should be found higher up the stack, on layer-3 networks envisioned such as Arbitrum Orbit, or zkSyncs hyperchains. Thats where Avails solution will likely come in, Anurag Arjun, Avails co-founder, told Blockworks in an interview.

With computation with something like [zero-knowledge proofs], you are able to compress proofs, youre able to do recursive proofs and make it small, but with data, you cannot do it, Arjun said.

Right now, some early attempts make use of what are known as data availability committees (DACs), but in the future Avail or Celestia could provide a better alternative because they use a technique known as data availability sampling (DAS). Ethereums own implementation of DAS is still likely years away.

By enabling rollup constructions to run in validium, optimistic chains, and volition modes, we are not only reducing costs but also paving the way for a more inclusive and efficient layer-2 and layer-3 ecosystem, Arjun said in a statement.

There are some trade-offs in terms of security, but for the kinds of use cases that are most likely to require layer-3s, the cost, performance, and privacy concerns will make off-chain data availability options worth it, according to zkSync co-founder Alex Gluchowski.

Its very cheap, but you only have a partial inheritance of Ethereum security, Gluchowski said.

Avail opted to become an independent company outside of the Polygon product suite so that it could service all kinds of rollups, not only those from Polygon.

We wanted it to be more credibly neutral in that aspect because Avail is a general purpose base layer, Arjun told Blockworks.

The transition, completed about three months ago, saw Arjun leave his operational role at Polygon, which will now be one customer of many for the new firm.

Polygons PoS chain, which Polygon recently announced would morph into a zkEVM validium, will initially make use of its own validator set to provide data availability, but it could also use Avail in the future, Arjun said.

Avail is built using Polkadots Substrate technology due to its use of nominated proof-of-stake (nPOS) and tendency to facilitate wide distribution of stake.

Arjun observed from his experience with Tendermint consensus used by the Polygon PoS chain that there is a concentration of stake with a majority controlled by eight to 10 validators.

A new staking token, AVAIL, will facilitate a permissionless validator set of up to 1,000 validators.

Other than that, there is no connection to the Polkadot ecosystem. They may be able to help Polkadot build zk rollups on a Polkadot parachain using Avail, Arjun said, but this idea is very new and will require a lot of further development.

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Avail offers to bridge the data availability gap for Ethereum rollups - Blockworks

Three Altcoins Set for Continued Growth: Ethereum (ETH), VC … – Cryptonews

Disclaimer: The text below is a press release that is not part ofCryptonews.comeditorial content.

The success of Ethereum (ETH) holds significant importance for the overall growth and prosperity of the cryptocurrency industry.

The surge in network activity and user engagement indicates that Chainlink (LINK) is another altcoin that keeps improving.

At the same time, VC Spectra (SPCT) popularity is rising, and a price spike to $0.011 is anticipated for Stage 2.

Moreover, industry experts forecast significant increases in value once SPCT becomes available on prominent exchanges.

BUY SPCT NOW

One thing that makes Ethereum (ETH) strong is its dynamic and engaged community.

Moreover, Ethereums (ETH) global developer community hosts various DApps and cutting-edge initiatives.

Ethereum (ETH) also boasts a resilient infrastructure that effectively manages many transactions, rendering it a dependable option for DeFi applications.

Ethereum (ETH) has experienced a decline of 1.58% within the past 24 hours, with its price fluctuating between $1,897.12 and $1,942.64.

Industry experts have, however, observed that Ethereum (ETH) has consistently maintained a high TVL, proving its strong and reliable utility.

According to analysts, Ethereum (ETH) is expected to demonstrate resilience in the upcoming months and potentially reach $1,981 by the end of 2023.

The introduction of Ethereum's (ETH) EVM-compatible chains represents a noteworthy progression in blockchain technology, improving scalability, connectivity, and transaction speed.

Since mid-June, there has been a significant increase in Chainlinks (LINK) price, with a rise of almost 30% from $5 to $6.37 at the start of July.

Over the past 24 hours, Chainlink (LINK) has fluctuated between $6.24 and $6.57.

Chainlink (LINK) recently announced a significant partnership with SWIFT, a renowned interbank messaging system.

The Chainlink (LINK) and SWIFT alliance symbolize a strategic and mutually beneficial partnership between the traditional finance sector and blockchain technology.

In addition, Chainlink's (LINK) on-chain activity, social engagement, fundamentals, and adoption demonstrate a strong foundation.

Chainlink (LINK) is also widely recognized for its strong track record in security and reliability, making it the top choice for numerous developers and enterprises who prioritize constructing dependable and data-centric applications on the blockchain.

Due to these reasons, Chainlink (LINK) continues to reign supreme as the top decentralized oracle network.

VC Spectra (SPCT) is an advanced decentralized fund meant specifically for high-quality technology and blockchain-based start-ups.

The VC Spectra (SPCT) initiative aims to capitalize on growing multi-billion dollar sectors with outstanding compound yearly growth.

VC Spectra (SPCT) uses state-of-the-art AI and strategic trading technologies to provide a straightforward, transparent, and reliable investment aiming for profitability with minimal risks.

Furthermore, the VC Spectra utility token (SPCT) is a BRC-20 token developed on the Bitcoin blockchain.

The token is deflationary and incorporates a burn mechanism, providing significant benefits for investors.

These advantages include rewards, voting rights, quarterly dividends, and exclusive access to pre-ICOs.

The initial presale stage of VC Spectra (SPCT) is showing promising progress, with over 85 million tokens already sold at $0.008.

During stage 2, the price will experience a 37.5% increase, rising from $0.008 to $0.011.

However, the prospects become increasingly promising as VC Spectra (SPCT) reaches $0.08 after completing all presale stages representing a 900% gain.

Learn more about the VC Spectra presale here:

Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io/

Twitter: https://twitter.com/spectravcfund

Telegram: https://t.me/VCSpectra

More here:

Three Altcoins Set for Continued Growth: Ethereum (ETH), VC ... - Cryptonews

Bitcoin, Ethereum CME Contracts Hit $46.8B in Trading Volume Last Month – Decrypt

Institutional investors turned their attention to a host of crypto products last month, per a new report.

Crypto data provider CCData revealed that institutional investors have been busy trading a wide variety of financial instruments that are exposed to Bitcoin and Ethereumshowcasing upticks in spot trading volumes, derivatives trading, and CME Futures Contracts for the leading cryptocurrencies.

Seemingly behind the wheel of this notable increase in linked to digital assets last months BlackRock spot Bitcoin ETF filing.

With a reported 575-1 track record on successful applications, the numbers indicate that this is the driving force behind Junes bullishness.

According to CCData, the Chicago Mercantile Exchange (CME) saw its best June for Bitcoin futures volumes, rising an astounding 28.6% to $37.9 billion.

A different instrument, Bitcoin Micro Futures (MBT), also jumped double digits, trading at $702 million with a 21.1% boost. These are smaller contracts, usually worth one-tenth of a standard contract. In the CMEs Bitcoin Futures case, it would be 1/50th.

Todays report notes that there were a total of 264,323 BTC contracts traded, up 22.7% from the month prior. Its important to remember that these contracts are backed by 5 underlying Bitcoin.

Ethereum-based instruments also saw a hefty rise, per CCData. Over 97,000 ETH Futures contracts were traded, notching a 10.8% rise in June. The underlying asset in this case is 50 ETH.

The USD value of the volume traded jumped quite substantially for both BTC- and ETH-backed products. Collectively, they recorded a 24.6% pump, with $46.8 billion changing hands. This has been the highest number since May 2022.

It appears large players are hopeful about the filing frenzy happening in the United States.

The increase in speculation and trading could have a positive spillover effect into the CME Groups latest product, the Ethereum-to-Bitcoin Ratio Futures whichpending regulatory approvalcomes to market later this month.

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Bitcoin, Ethereum CME Contracts Hit $46.8B in Trading Volume Last Month - Decrypt

Top Trader Insights: Ethereum (ETH) Is Set for A Big Bull Run by The … – Finbold – Finance in Bold

With leading crypto assets losing their dominance, other cryptocurrencies are rising. Major stakeholders have set their eyes on Ethereum (ETH), while VeChain (VET) has witnessed a substantial price surge. Though neither shows signs of stopping,VC Spectra (SPCT)remains a major contender in the crypto market. It captured many investors attention after raising$2.4 million in just two weeks in its private seed sale.

>>BUY SPECTRA TOKENS NOW<<

Ethereum (ETH) has had an incredible run over the last few days. The recent surge has something to do with the decliningdominance of Bitcoin. More precisely, trends and market changes caused analysts to believe that Ethereum (ETH) will perform better in the second half of the year than it did in the first half.

Ethereum (ETH) witnessedstrong investor interesttoward the end of June. As a result, Ethereum (ETH) has seen a climb in price movement and is currently trading at $1,960.80, marking a 2.16% rise in the past 24 hours.

Despite still needing to push through resistance levels, Ethereum (ETH) isgiving off strong bullish signals. Due to this, many expect Ethereum (ETH) to reach $2,000. According to some experts, Ethereum (ETH) prices will keep rising until the end of the year due to increased trader activity. Some even predict that prices could get as high as $4,878.

VC Spectra (SPCT)is adecentralized hedge fundthat leverages AI and harnesses cutting-edge tech. Using strategic investments and initial coin offerings (ICOs), VC Spectra (SPCT) is proving to be a leading firm in innovation.

A major factor that attracts investors is thatVC Spectra (SPCT)empowers financial growth.VC Spectra (SPCT)aims to generate value, maximize returns and minimize risks for its investors. Moreover, investors can expectquarterly dividends and buybacks based on returns.

It achieves this throughalgorithmic and systematic trading strategies. In addition, the VC Spectra (SPCT) team offers investors full transparency and accountability.

VC Spectra (SPCT)uses aBRC-20 standard token, and holders can access a long list of incredible benefits. Currently, SPCT is in stage 1 of a public presale valued at $0.008.

However, investors can expect the price to rise to $0.08 at the end of the presale, which translates to a10x surge. While more than 60% ofVC Spectra (SPCT)tokens are gone, there is still time for investors to participate in this incredible opportunity.

>>BUY SPECTRA TOKENS NOW<<

More ecosystems are adopting VeChain (VET), which is exciting news for the community. The recent announcement thatCoinbase would be listing VeChain (VET)has attracted more investors. Prices for the VET token surged for the next few days thereafter.

VeChain (VET) has always been keen on problem-solving. It achieves this goal by building technology that deals with all sorts of obstacles. Recently, VeChain (VET) launchedVORJ, a no-code Web3-as-a-Service platform. The VeChain tech enables users to create, deploy and interact with smart contracts while using the VechainThor blockchain.

The upgrades and new technologies by VeChain have also excited traders for the future. As a result, VET hasdisplayed bullish signalslately. VeChain (VET) has seen a 6.54% increase in price movements in the past seven days. Having already broken through its $0.020 barrier, many look forward to VeChain (VET) soon hitting the $0.030 mark.

No doubt, recent surges have kept investors flocking to all three crypto assets. However, with the promise of a900% surge, most are opting for VC Spectra.

Find out more about the VC Spectra presale here:

Buy presale:https://invest.vcspectra.io/login

Website:https://vcspectra.io

Telegram:https://t.me/VCSpectra

Twitter:https://twitter.com/spectravcfund

Originally posted here:

Top Trader Insights: Ethereum (ETH) Is Set for A Big Bull Run by The ... - Finbold - Finance in Bold

Ethereum At the Forefront of Innovation, Bolstering the Security of … – Captain Altcoin

Home Journal Ethereum At the Forefront of Innovation, Bolstering the Security of DeFi Protocols Can Rivals Follow?

The Ethereum (ETH) community believes that ERC 7265 will enable DeFi developers to quickly prevent hacks and safeguard their users funds. While this development could enhance the functioning of decentralized protocols and platforms, most of Ethereums (ETH) rivals are struggling to come up with innovative technological solutions. Lets explore why experts are singling out VC Spectra (SPCT) as a hidden gem with incredible real-life utility and ground-breaking features.

>>BUY SPECTRA TOKENS NOW<<

The Ethereum (ETH) community has presented ERC 7265, a Circuit Breaker proposed as a solution that could help developers prevent hacks and massive token outflows.

The Circuit Breaker could enhance the security of Decentralized Financed (DeFi) protocols through predefined metrics that will pause suspicious transactions and enable swift recovery of funds. Thus, DeFi developers could intervene in time and protect their users.

Meanwhile, Ethereum (ETH) is currently trading for $1,909, dropping by 2.37% in the last two days. Ethereum (ETH) bears predict price dips toward the $1,800 range in the following term, based on Ethereums (ETH) prolonged inability to surpass the crucial $2,000 threshold.

On the other hand, bulls perceive the increased staking activity by Ethereum (ETH) holders as a clear indicator that Ethereum (ETH) will soon rally toward the $2,100 range. Other factors that could improve Ethereums (ETH) price performance are Ethereums (ETH) excellent results in the NFTs market and the announced network upgrade to parallel processing or sharding.

VC Spectra (SPCT) operates as a decentralized hedge fund that brings the most viable investments in current blockchain projects and technology startups. Some of the most prominent crypto analysts have recognized VC Spectra (SPCT) potential to become the next big name while the token is still in its public presale phase.

VC Spectra (SPCT) users can diversify their portfolios with the best opportunities in a wide range of tokens and niche markets. The platforms AI trading systems empower them to identify recurring market trends and make smart and informed investment decisions.

VC Spectra (SPCT) investors receive apt rewards in the form of quarterly dividends and buybacks from the profits. Furthermore, VC Spectras (SPCT) convenient visual tools and rigorous risk analysis enable users to retain total control over their assets and actively track their portfolios performance.

The VC Spectra (SPCT) token includes a deflationary burn mechanism that reduces token circulation over time. Holders gain multiple bonuses and exclusive access to pre-ICO discounts, as well as voting rights for future seed/private sales. Therefore, VC Spectra (SPCT) is a democratic platform that allows equal involvement from each individual in the community.

Currently priced at $0.008, the VC Spectra (SPCT) token will soon enter the 2nd presale stage and surge to $0.011. So, now is your chance to secure a 37.5% ROI and receive 10x gains when the token reaches its $0.008 presale target!

However, early VC Spectra (SPCT) investors can expect much more substantial rewards after the official launch. Make use of this opportunity to profit from VC Spectras (SPCT) fantastic real-life utility and chip in today!

Learn more about the VC Spectra presale here:

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Ethereum At the Forefront of Innovation, Bolstering the Security of ... - Captain Altcoin