Latest News

Ethereum Scalability Gets Boost From New Cosmos, Mastercard Projects

As Ethereum 2.0 comes close, two developments boosting Ethereum blockchain is revealed this week. Which brings growing scalability and use cases to the network.

Furthermore, Consensys, the main software developer for Ethereum is parternering with payments giant Mastercard. Of course, to launch Consensys Rollups and improve the scalability of the Ethereum blockchain. Particularly, for its mainnet and private use.

More so, Consensys is also launching Gravity Bridge, which is a link between Eth and the Cosmos ecosystem. It aims to connect Ethereum with other blockchains. Of course, it looks at permitting new staking potential. Then, unlocks greater liquidity with more assets flowing through a growing number of connected chains.

Notably, Cosmos is the “internet of blockchains,”, ie. a decentralized network of independent yet interoperable blockchains. That’s, it can exchange tokens and information without authorization. Also, Cosmos looks to address scalability, with usage and governance. Thereby, helping developers build independent blockchains for several use cases.

Furthermore, Ethereum usage is currently at an all-time high, with unique wallet addresses surpassing the 181 million mark. This information is as per EtherScan.

Related Posts – Bank DBS’s Crypto Business Grows Massively Due To Growing Demand From Investors

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.