Scroll, one of the most important zkEVM networks in the Ethereum ecosystem, has confirmed the launch of its mainnet, marking a milestone for Ethereum scalability.. This and more news in this handy daily summary so that you are always informed with the most recent events that occur within the crypto world.
Scroll launches mainnet
📍In a recently published statement, Scroll confirmed that after two years of development and one year of testing, it has launched the mainnet of its scaling solution. Scroll’s EVM, compatible with zkEVM, is designed to accelerate the adoption of the Ethereum blockchain ecosystem by substantially improving network performance through zero-knowledge (ZK) technology.
The developers highlighted that the solution enables transaction execution with accelerated speeds and reduced costs, enhancing Ethereum's attractiveness as the world's largest smart contract platform.
La Scroll solution It also allows Ethereum developers to deploy their contracts and applications on Scroll without having to make any changes to the code, allowing the Ethereum application ecosystem to be expanded without compromising security.
“We see a future where the vast majority of value transfers happen on L2 on Ethereum,” said Scroll co-founder Sandy Peng.
To date, across its Alpha and Beta testing, Scroll has seen over 55 million transactions, 900.000 wallet addresses, and over 100 projects deployed, spanning from infrastructure to DeFi to gaming and more.
DeFi attracts interest from the Bank of Canada
📍The Bank of Canada has published a report on the importance of decentralized finance (DeFi). In reportIn a report titled “Decentralized Finance: Innovations and Challenges,” the Central Bank highlighted the attributes that characterize the DeFi ecosystem built on the Ethereum blockchain.
According to the Bank of Canada, DeFi stands out for its composability thanks to the smart contract infrastructure. It also noted that the Ethereum decentralized finance ecosystem is currently dominated by three main financial services, which are liquid staking, decentralized exchanges (DEX), and lending, at 32,62%, 14,21%, and 13,35%, respectively.
On the advantages of DeFi as a settlement layer, the bank noted that several analysts consider its potential to solve the challenges of conducting cross-border transactions and settling securities in legacy systems. However, the Bank of Canada also addressed the challenges that currently limit the widespread adoption of decentralized finance on blockchain.
The University of Arkansas is key to cryptocurrency innovation
📍Due to its innovative approach, the University of Arkansas is considered key to boosting the development of cryptocurrencies in the United States. Recently, the prestigious university partnered with venture capital firms Haun Ventures and Coinbase Ventures to launch a new technology acceleration program, which will focus on digital transformation through cryptocurrencies and blockchain technology.
This new acceleration program is aimed at startups that support the digital transformation of industries such as retail, logistics and transportation, production and supply chains. According to the progrlovesThe goal is to support the growth of new companies that implement solutions based on blockchain and other emerging technologies such as Artificial Intelligence, Virtual Reality, Machine Learning, among others.
In addition to its focus on innovation, the University of Arkansas is also home to several of the country’s prominent and influential lawmakers and politicians as well as major corporations such as Walmart and Tyson Foods, making it well-positioned to accelerate the development and expansion of cryptocurrencies.
South Korea and Crypto Regulation
📍South Korea is preparing to improve regulation of the cryptocurrency industry. Local media in South Korea have reported that the country’s Financial Supervisory Agency has submitted a new regulatory proposal that is aimed at improving the country’s Virtual Asset User Protection Act, in order to establish new controls and procedures that ensure user safety and market stability.
Agency head Lee Bok-hyun manifested that the new regulations that will be integrated into the text of the current Virtual Asset Users Protection Act will ensure that regulators are well prepared to manage the risks associated with trading and negotiation of cryptoassets in the country.
The proposed regulations are being discussed alongside the Digital Asset Exchange Association (DAXA), which is made up of regulated cryptocurrency exchanges in the country.
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