The L2 project had the task of helping retrieve ETH stuck in its ecosystem. zkSync’s TVL continued to increase. zkSync, the layer two scaling solution for Ethereum [ETH], was again faced with another challenge after the Gemholic ecosystem ran into a problem. Gemholic operates under the zkSync protocol, and had 921 ETH, a proceed of […]
, was again faced with another challenge after the Gemholic ecosystem ran into a problem. Gemholic operates under the zkSync protocol, and had 921 ETH, a proceed of its recent presale, stuck in a smart contract due to a user error.According to the protocol, created to speed up transactions and lower gas fees, Gemholi reached out for assistance. Hence, zkSync considered it necessary to make the update public.
It is noteworthy to mention that the protocol has the zkSync Lite segment and the zkSync Era. For the latter, its Mainnet launched on 16 February. And its function is to deliver all Ethereum functions by providing faster transactions and cost-effectiveness.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shanghai/Shapella Upgrade: Will it sink or swim Ethereum’s market valuation?Over 18 million ETH are currently staked, representing over 15% of the entire circulating ETH supply While some metrics pointed to a potential downturn, other indicators offered a more optimistic outlook The upcoming Shanghai/Shapella upgrade of Ethereum [ETH] has left many pondering the potential effects on ETH’s market valuation. While some metrics pointed to a […]
Read more »
Decoding the ‘greed’ for Ethereum but with a pinch of saltWith Ethereum [ETH] standing at the brink of a new dawn with the Shanghai upgrade and a bullish looking crypto market, holders and investors have much to look forward to. In a tweet posted by data intelligence platform Glassnode, ETH’s Market Value to Realized Value (MVRV) reached a 10-month high. As of 5 April, ETH’s […]
Read more »
Can ETH hit $2,000 before the Shanghai upgrade? This dataset suggests that…ETH’s upcoming Shanghai upgrade encourages more block trades ETH can robust demand but sell pressure and high leverage may undermine its $2000-target Ethereum’s blockchain has reportedly seen a noteworthy surge in large trades over the last 2 weeks. The kind of trades that are usually associated with more market confidence. Is your portfolio green? Check […]
Read more »
![Will Ethereum [ETH] cross $2,000 this week? Refer to these indicators](https://i.headtopics.com/images/2023/4/6/cryptoamb/will-ethereum-eth-cross-2-000-this-week-refer-to-t-will-ethereum-eth-cross-2-000-this-week-refer-to-t-1643773767238184960.webp?w=640)
Will Ethereum [ETH] cross $2,000 this week? Refer to these indicatorsEthereum’s price increased by more than 5% in the last 24 hours. Most of the market indicators and metrics supported the possibility of further growth. Investors woke up to the good news on 5 April as the crypto market turned quite bullish, allowing multiple cryptocurrencies to push their prices upward. Ethereum [ETH] was capitalizing on […]
Read more »
A new 11-month high for Lido as Ethereum’s Shapella looms largeThe total value locked (TVL) on Lido went past $11 billion on 5 April – Its highest level in 11 months Lido’s share in ETH staking has declined from 61% towards the start of February to 31% at press time Ethereum liquid staking solution Lido Finance’s [LDO] upcoming V2 upgrade will be a significant milestone […]
Read more »
Polygon and zkSync capitalize on zkEVM hype, but this is why things could go southPolygon and zkSync both witnessed a spike in their TVL. However, the number of depositors on both protocols start to fall. The zkEVM sector has been on the receiving end of a lot of activity with both Polygon and zkSync seeing a surge in interest. Polygon‘s recent forray into the zkEVM space worked as one […]
Read more »