The .AvailProject, in testnet, is launching its data attestation bridge to Ethereum, cryptauxmargaux reports
The data attestation bridge, which is still in its testnet phase, helps secure data off-chain. It’s connected to Ethereum, and can be used by bothStoring data on Ethereum can be expensive, so Avail aims to be a solution for layer 2s and 3s to publish data off-chain, to reduce the high transaction fees that often come from posting data on the main Ethereum blockchain.
The challenge of handling the data and setting up separate networks for data storage is known as the ”data availability problem,” or DA – an arena that includes developing cryptographic systems to prove that the data exists and that it’s right. “The data attestation bridge establishes a direct connection between the L2 rollup’s data and the L1 via Avail’s off-chain data availability layer,” Avail said in a press release.
The bridge is one component of what Avail will offer in the layer 2 ecosystem. In the longer term, Avail wants rollups to launch entirely on top of its network. These networks could include so-called“When an L3 or a validium sends the transaction data to Avail, the data attestation bridge provides the attestation on Ethereum,” Anurag Arjun, the founder of Avail, told CoinDesk. This then proves to Ethereum that “whatever data was submitted by the rollup to Avail is actually available.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Polygon spinoff launches testnet bridge to allow for low-cost layer 2sPolygon spinoff Avail launches testnet bridge to Ethereum, potentially allowing low cost ‘validium’ layer 2s to be created.
Leer más »
Titanic submersible spun out of control on prior dive with panicked passengers stuck onboardA former pilot of the ill-fated Titan submersible lost control of the vessel during a previous dive — causing the sub to start spinning in circles as terrified passengers were stuck on board for ho…
Leer más »
Decentralized Exchange dYdX Launches Public Testnet on CosmosThe decentralized crypto exchange dYdX has launched its public test network on Cosmos, drawing closer to its full transition away from the current version built on Ethereum. LedesmaLyllah reports
Leer más »
Ethereum Layer 2 network Starknet plans 'Quantum Leap' upgrade on July 13Starknet, an Ethereum Layer 2 network, is preparing to release a significant upgrade named ‘Quantum Leap’ this month.
Leer más »
Ethereum (ETH) Network Activity Dwarfs Shanghai Upgrade Era: GlassnodeEthereum network activity not as high as it was in April despite lower fees
Leer más »
Ethereum NFT royalties hit two-year low as Bored Ape floor price falls below 30 ETHRoyalties from NFT collections hit a two-year low in 2023 according to blockchain data from Nansen.
Leer más »