• Latest
  • Trending

Ethereum [ETH] holders bridging to L1 & L2 should read this

February 18, 2023

Bitcoin mining industry outpaces the gains of bitcoin itself

March 23, 2023

Bitcoin Miners’ Revenue From Fees Rises Suggesting the Onset of Major Bull Run

March 23, 2023

Riot stock falls by more than 60% over past year, company makes changes

March 23, 2023

Will Ethereum [ETH] follow Bitcoin’s [BTC] lead as the market rallies?

March 23, 2023

Russia supports crypto mining operations through mutual funds

March 22, 2023

Bitcoin Mining Firm Navier Starts Tokenized Hashrate Marketplace for Retail Customers

March 22, 2023

What can Ethereum’s [ETH] declining gas fees mean for the protocol? Analyzing…

March 22, 2023

An Ethereum [ETH] breakout past $1800 will remain unlikely until… 

March 21, 2023

Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge

March 21, 2023

U.S. IRS Considers Taxing NFTs Like Other Collectibles

March 21, 2023

Why BTC outflows persist despite renewed hopes for crypto comeback

March 21, 2023

Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise

March 21, 2023
Retail
Thursday, March 23, 2023
  • Home
  • Learn About Crypto

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Bitcoin

    Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

    Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

    Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

    California Approves Major Bitcoin Regulation As BTC Looks At $28K

    Bitcoin Mining Made Easier, Could This Be A Game Changer

    Funding Rates Return To Neutral Following Bitcoin Relief Rally

    Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

    Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

    Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

  • Ethereum

    Will Ethereum [ETH] follow Bitcoin’s [BTC] lead as the market rallies?

    What can Ethereum’s [ETH] declining gas fees mean for the protocol? Analyzing…

    An Ethereum [ETH] breakout past $1800 will remain unlikely until… 

    Why BTC outflows persist despite renewed hopes for crypto comeback

    Ethereum [ETH]: Investors return to L2 bridges; zKSync, StarkNet addresses swell

    Ethereum [ETH]: Assessing if sliding fees can hasten relay to $2k

    BAYC: Of social spikes, struggling ranks, and plunging floor prices

    I asked ChatGPT Ethereum’s price prediction after Shanghai and its response was…

    Ethereum (ETH) Price Prediction 2025-2030: What ETH short-sellers should expect

  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    Sotheby’s Auction House and UnicornDAO to Hold Art Auction Benefitting Women’s Rights

    Israel’s Tax Authority Probes NFT Creators Over Alleged Tax Evasion

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    Amazon NFT Marketplace To Reportedly Launch Next Month

    How a Price Battle Between Two Heavyweight NFT Exchanges is Pumping Prices

    New Crypto Startup Enables Users to Send NFTs Using Phone Numbers – Is This The Future of NFTs?

    Binance’s AI NFT Generator Gets Flooded with Requests Hours After Launch – Here’s How it Works

  • Altcoins

    What’s in store for BAT holders- Resistance zone or sell-pressure

    Decoding the reason behind falling cryptocurrency related stocks

    ZCash: Amid a bearish divergence, here’s where you can expect a pullback

    Payments Firm Stripe Adds Crypto Support For Twitter

    TRON at a pocket of demand; should investors take profit or HODL

    Top Privacy Coins Blaze Past Bitcoin This Week, Here’s Why

    THETA, Terra, FTX Token Price Analysis: 22 April

    Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why

    Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

  • Mining

    Bitcoin mining industry outpaces the gains of bitcoin itself

    Bitcoin Miners’ Revenue From Fees Rises Suggesting the Onset of Major Bull Run

    Riot stock falls by more than 60% over past year, company makes changes

    Russia supports crypto mining operations through mutual funds

    Bitcoin Mining Firm Navier Starts Tokenized Hashrate Marketplace for Retail Customers

    Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge

    Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise

    Bitcoin rally is ‘pure gravy’ for miners finally seeing a light at the end of the tunnel

    Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator

  • Financial News

    Inflation Could Squeeze Dollar Stores, Too

    Dollar General, Occidental Petroleum, Guess and more

    Courtroom Drama Clouds Post-Covid-19 Recovery for Regal Cinemas’ Owner

    Mortgage Rates Top 4% for the First Time Since 2019

    Dollar General, Accenture, Warby Parker and others

    China’s Housing Market Needs More Than Talk From Beijing

    Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

    Netflix Will Be Sticking to Its Script

    New Gig Surcharges Are Hardly a Gas

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

Ethereum [ETH] holders bridging to L1 & L2 should read this

February 18, 2023
in Ethereum
0 0
0
  • Blockchain perception agency talked about that L1 and L2 bridges may very well be dangerous for ETH.
  • The wallets supplied by Optimism and Arbitrum is probably not as secure as meant.

The Ethereum [ETH] blockchain, as large as it’s, suffers from the challenges of scalability, effectivity, and finalizing transactions.

Nonetheless, the appearance of Layer-one (L1) and Layer-two (L2) got here to resolve these issues. However little did ETH holders know that extra problems appeared because the “options” arrived, in response to the recent Bankless newsletter. 


Learn Ethereum’s [ETH] Value Prediction 2023-2024


ETH could also be most secure on the mainnet

Tagged as “Your Crypto Just isn’t Protected as You Suppose,” Bankless targeted on how these L1 and L2 protocols have used ETH held by buyers quite than storing the alt on the Ethereum mainnet.

For the reason that mainnet is the origin of decentralized blockchain, Bankless famous that there’s nowhere a safer place to carry the cryptocurrency. However why?  Nicely, the mainnet has 514,000 validators and 4655 nodes. With these buildings in place, holders may be extremely immune to community assaults.

So why are holders bridging their property to L1 protocols? Nicely, it’s not a brand new improvement that L1 chains like BNB and Solana [SOL] supply engaging yields. So, it’s “regular” for ETH holders to switch their property to the protocols.

Nonetheless, protecting ETH on centralized cross-chain and multi-chain bridges places it in danger. It is because the safety of the asset not depends upon the mainnet however on the bridge safety and vacation spot chain. 

However not each venture appears to agree with the thought. Just lately, VoltInu [VOLT], the deflationary token on the Ethereum blockchain, agreed to bridge to BNB.

Voltoshi’s Message Ⅳ – A Decentralized Deflationary Adoption

⚡️44.85T #VOLT (value $74.5M) shall be burned over 5 days
⚡️Polygon itemizing inside 2 weeks
⚡️Volted information and adoption incoming

📽️👉 https://t.co/58Swuqwee5
📜👉 https://t.co/k6M8jGEcrf#VOLTINU $VOLT #VOLTARMY pic.twitter.com/PscSeegKtS

— Volt Inu ⚡️ (@VoltInuOfficial) February 13, 2023

And several other occurrences have proved that the BNB and Solana chains are vulnerable to exploits. In addition to that, ETH turns into much less and fewer sound.

A take a look at the ultra Sound Money knowledge confirmed that the whole Ethereum blockchain has been affected. At press time, the provision change was -25,774.75 ETH, with the metric under equilibrium.

Ethereum [ETH] supply based on ultra sound money

Supply: Extremely Sound Cash

Rollup chains nonetheless below improvement could not present…

Additional, Bankless admitted that the Layer-two (L2) scaling options like Optimism [OP] and Arbitrum might need finished effectively with the rollup mechanism. 


Life like or not, right here’s ETH’s market cap in BTC’s phrases

YOU MAY ALSO LIKE

Will Ethereum [ETH] follow Bitcoin’s [BTC] lead as the market rallies?

What can Ethereum’s [ETH] declining gas fees mean for the protocol? Analyzing…


However the fraud-proof programs of those protocols weren’t but dwell. Therefore, placing ETH holders on the chain vulnerable to Maximal Extractable Worth (MEV) assaults.

The affect has additionally surfaced at occasions, as holders have needed to pay exorbitant fuel charges in some unspecified time in the future since customers had been at the moment utilizing a centralized block.

Nonetheless, these rollup chains combine multisig wallets which appeared to fare higher than non-public keys. However a number of hacks have proved that holders won’t be capable of rely on them. The publication identified, 

“Sadly, multisig dangers are removed from ultimate. Living proof: The $625M Ronin bridge hack and Concord bridge’s $100M hack each stemmed from multisig exploits.”



Source link

Tags: bridgingETHEthereumHoldersRead
ShareTweetShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

Bitcoin mining industry outpaces the gains of bitcoin itself

March 23, 2023

Bitcoin Miners’ Revenue From Fees Rises Suggesting the Onset of Major Bull Run

March 23, 2023

Riot stock falls by more than 60% over past year, company makes changes

March 23, 2023

About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • Bitcoin mining industry outpaces the gains of bitcoin itself
  • Bitcoin Miners’ Revenue From Fees Rises Suggesting the Onset of Major Bull Run
  • Riot stock falls by more than 60% over past year, company makes changes

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183336-4.61%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%
  • B20B20(B20)$0.4507925.62%