Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekAnalysts say Bitcoin’s bounce at $36K means ‘it’s time to start thinking about a bottom’Bitcoin … [Read more...] about Eth2 rebrands to Consensus Layer, Elon Musk fails to boost DOGE, YouTube gaming head switches to Polygon Studios: Hodler’s Digest, Jan 23-28
layer
Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major Layer 1 Blockchains by Volume: Nansen
At its peak in November, Ronin, a layer 2 product from Axie Infinity developer Sky Mavis devoted solely to the game, processed 560% more total transactions than the Ethereum blockchain, the report found. And while that figure has since retreated, the sidechain is still processing more than up-and-coming networks such as Avalanche and Fantom. Source link … [Read more...] about Axie Infinity’s Gaming Sidechain Is Bigger Than Many Major Layer 1 Blockchains by Volume: Nansen
Polygon Stakes Claim to Fastest Zero-Knowledge Layer 2 With ‘Plonky2’ Launch
“We’ve had ZK-proofs for some time, but what we haven’t had is a way to prove Ethereum transactions, which are complex. It wasn’t possible to build a layer 2 that supports these transactions, which might have a flash loan, an arbitrage trade, a swap, all in one transaction. Proving them wasn’t possible until now,” he said. Source link … [Read more...] about Polygon Stakes Claim to Fastest Zero-Knowledge Layer 2 With ‘Plonky2’ Launch
First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
Good morning. Here’s what’s happening:Market moves: Bitcoin stabilized near $43,000 after Wednesday’s sell-off, while traders’ attention turned to layer 1 tokens.Technician’s take: Oversold signals remain intact for bitcoin, although upside is limited.Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin … [Read more...] about First Mover Asia: Bitcoin Stabilizes Near $43K as Layer 1 Tokens Attract Attention
El Salvador’s Landmark, Elon Musk’s Lowlight, and the Coming Layer 1 Wars
This week on “Opinionated,” we sit down with David Z. Morris, CoinDesk’s chief insights columnist.DZM gives us the highlights and lowlights from 2021, and looks ahead to 2022.His highlight? El Salvador.“For me, the bitcoin policy in El Salvador was the landmark moment of the year,” he says.El Salvador has been buying bitcoin at a rapid clip, attracting bitcoin entrepreneurs. It … [Read more...] about El Salvador’s Landmark, Elon Musk’s Lowlight, and the Coming Layer 1 Wars