- Biconomy's beta mainnet launch brings gas free transactions to DApps
- Synthetix launches demo of Optimistic Rollup
- Ethereum has been experiencing increased network activity since the start of 2020
Multiple developments have taken place in the past few weeks that put Ethereum (ETH) well on its way to achieving the much vaunted benefits of ‘Ethereum 2.0’, an upgrade that will bring much greater scalability and a switch to a Proof-of-Stake (PoS) consensus mechanism.
One of the most notable of these developments is the beta mainnet launch of Biconomy, which brings gas-free transactions to decentralized applications (DApps), while also being blockchain agnostic. Biconomy has already roped in several launch partners, including decentralized operating systems DAOstack, Web 3.0 login service Torus Labs, decentralized crypto wallet DappPocket and media-focused Alethea AI.
Furthermore, Synthetix, the decentralized finance (DeFi) synthetic assets platform, has revealed their Optimistic rollup demo, an effort in collaboration with Ethereum layer-2 research team Optimism.
The two announced a demo of the Optimistic Virtual Machine (OVM), which is now live and is accompanied by a trading competition that showcases the solution’s benefits. The demo is an alpha version of the solution, with feedback from the competition to be worked in afterwards.
Ethereum is preparing to launch many upgrades to its network as part of its highly anticipated Ethereum 2.0 upgrade, which will be released in a phased manner this year and going into 2021. The ‘decentralized world computer’ has shown excellent growth in recent months, with the number of users doubling since the start of the year, as well as displaying an increase in the number of wallets.
