Vitalik Buterin, Ethereum’s co-founder, has unveiled his plans to improve cross-chain compatibility among Ethereum layer-2 networks, aiming to enhance the overall Ethereum ecosystem.
In a recent post, Buterin discussed strategies for addressing interoperability challenges between layer-2 solutions, building on his earlier comments about the rapid resolution of these issues. He highlighted several Ethereum Improvement Proposals (EIPs) that are critical to this effort.
One key proposal, EIP-3370, suggests a new address format for wallets and decentralized apps, using readable prefixes for different chains. Another proposal, EIP-7683, focuses on creating a standardized method for layer-2 networks to communicate and trade across various chains, aiming to simplify and improve current processes.
EIP-3668 proposes a standardized approach for Ethereum smart contracts to access off-chain data efficiently, referred to by Buterin as “layer-2 light clients,” which could lower data storage costs on-chain.
Buterin also mentioned future developments like keystore rollups and proof aggregation, which are intended to further enhance layer-2 cross-chain interactions. He expects all rollups to eventually transition to zk-rollups for Ethereum finalization, though this is projected to be several years away.
Earlier this year, VanEck projected that Ethereum’s layer-2 scaling solutions could achieve a $1 trillion market cap in the next six years.
Charles Hoskinson, founder of Cardano, will meet with Argentina’s President Javier Milei in October to discuss blockchain’s role in shaping future economies.
Google Cloud has introduced a new Blockchain Remote Procedure Call (RPC) service designed to simplify blockchain data interactions for cryptocurrency developers and enhance the performance of decentralized applications (DApps).
BNB Chain has announced a major update designed to enhance its stablecoin infrastructure by introducing gasless transactions.
USD Coin (USDC), the second-largest stablecoin by market cap, is set to integrate with the Sui blockchain, as announced by Circle’s CEO Jeremy Allaire.