l2

Three projects announced zkEVM updates, Polygon, Scroll and zkSYNC last week. L2 rollups designed to ease the burden on Ethereum using zkProofs. The EVM stands for Ethereum Virtual Machine. In this case representing equivalence or compatibility although the two are not the same thing. Yes, it’s L2 Summer! 2022 is the year of L2 summer!…

Accounting firm Ernst & Young and Ethereum scaling company Polygon has launched the mainnet beta of its rollup for businesses, Nightfall. Ernst & Young (EY), one of the ‘Big Four’ financial services behemoths, started work on Nightfall in 2019 to make its customers’ Ethereum transactions private. But the company was so swamped by Ethereum’s high…

Norway’s central bank is embracing Ethereum’s Layer 2 for its central bank digital currency (CBDC) pilot. On May 16, Nahmii, an Ethereum L2, announced it had been tapped by Norges bank to host the sandbox for the country’s national currency, the krone. Nahmii said in a statement that it will “build, maintain, and train Norges…