Optimism & Arbitrum

[zasad@]

The commissions on Ethereum are very large, I advise you to start understanding Level 2 solutions.

Optimism Tutorial | How To Use Optimism On Ethereum
https://jamesbachini.com/optimism-tutorial/

https://gateway.optimism.io/
https://twitter.com/optimismPBC
https://www.optimism.io/blog


Arbitrum Tutorial | How To Use The Ethereum Layer 2 Solution
https://jamesbachini.com/arbitrum-tutorial/

https://arbitrum.io/
https://twitter.com/arbitrum

And another most common technology is:
https://polygon.technology/
https://twitter.com/0xPolygon
https://blog.polygon.technology/

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[Daltonik]

The cost of TVL in the Ethereum solution L2 Arbitrum increased by more than 3263% over the week and reached a record $2.2 billion.

The price of NYAN on September 12 rose to $7.8 now it is trading around $1.4

On September 15, a 45-minute failure occurred in the work of the Ethereum solution of the second level of Arbitrum due to an error in the Sequencer contract. During this time, the network did not process transactions. The developers reassured users that their funds are safe. https://medium.com/offchainlabs/arbitrum-one-outage-report-d365b24d49c

[moderator's note: consecutive posts merged]

[zasad@]

"You can mint an NFT for free on @0xPolygon
 PoS, and sell it on ETH mainnet?"
https://twitter.com/0xPolygon/status/1438819340841750532


https://mintnft.today/

https://medium.com/@piyushm_83760/polygon-bridge-for-matic-eth-nft-f75c6e0d6020
Polygon NFT Bridge to transfer token from Matic <->Eth.
"Nft Bridge(bridge.mintnft.today) is a trustless two-way channel between Polygon and Ethereum, one can transfer tokens across Polygon without having any third party dependency and liquidity limitation."
https://bridge.mintnft.today/



https://cbridge.celer.network/#/transfer


https://dex.guru/
ETH(matic), BSC and AVALAHCHE

https://app.hop.exchange/


[moderator's note: consecutive posts merged]

[Alf_m.h]

The commissions on Ethereum are very large, I advise you to start understanding Level 2 solutions.

Optimism Tutorial | How To Use Optimism On Ethereum
https://jamesbachini.com/optimism-tutorial/

Arbitrum Tutorial | How To Use The Ethereum Layer 2 Solution
https://jamesbachini.com/arbitrum-tutorial/

And another most common technology is:
https://polygon.technology/

how sure if there is a turmoil it will not be the same as the ETH gwee incident, the network path causes the price to be high, in the past when they used ERC 2.0 they also did the same thing but it couldn't be dammed by the market pressure. alternatives are temporary but BSC, Polytron and ECO have so far started to balance those prices. I hope they can keep it up in the future.

[zasad@]

The commissions on Ethereum are very large, I advise you to start understanding Level 2 solutions.

Optimism Tutorial | How To Use Optimism On Ethereum
https://jamesbachini.com/optimism-tutorial/

Arbitrum Tutorial | How To Use The Ethereum Layer 2 Solution
https://jamesbachini.com/arbitrum-tutorial/

And another most common technology is:
https://polygon.technology/

how sure if there is a turmoil it will not be the same as the ETH gwee incident, the network path causes the price to be high, in the past when they used ERC 2.0 they also did the same thing but it couldn't be dammed by the market pressure. alternatives are temporary but BSC, Polytron and ECO have so far started to balance those prices. I hope they can keep it up in the future.

It is now impossible to work in the 1st level of Ethereum. Commissions can grow at any time.

__
https://twitter.com/sourcex44/status/1437681858511183873?s=19

Bridges to & from BSC<>Polygon

https://anyswap.exchange/bridge#/router
https://evodefi.com/bridge
https://bridge.orbitchain.io/
https://izumi.finance/bridge
https://o3swap.com/swap

__
https://wallet.matic.network/bridge/
https://xpollinate.io/
https://hop.exchange/
https://bridge.evodefi.com/?token=USDC
https://bridge.orbitchain.io/
https://zapper.fi/ru
https://iotube.org/
http://swap.transit.finance/

https://bitcointalk.org/index.php?topic=5355347.msg57730372#msg57730372

[Rabi3]

The cost of TVL in the Ethereum solution L2 Arbitrum increased by more than 3263% over the week and reached a record $2.2 billion.

another reason why to go with Arbitrum is the possibility of an airdrop to their users, we've seen airdrops like that this last few years, it is a good interface and even though i think that optimism is a bit better, I am using Arbitru and it is because of the possible airdrop and the small differences between the two of them.

[zasad@]

https://forum.matic.network/t/increasing-min-gas-price-to-30gwei/2531
Increasing Min Gas Price to 30Gwei
"To reduce the number of spam txns in the network, we are increasing the minimum gas price to 30Gwei from the current (default) value of 1Gwei. It’s recommended to increase the gas price to 30 gwei, but validators are free to chose their own min gas price."

[Coin-1]

As far as I understand, the Arbitrum network does not have a native coin, so it looks like an L2 scaling technology for Ethereum. Its main advantage is that the Uniswap decentralized exchange supports this solution, so traders can use different farming and harvesting protocols and pay low transaction fees. On the other hand, the downside is that people cannot invest in Arbitrum as a promising cryptocurrency.

Polygon seems to me the better solution for scaling and acting as a bridge, although I admit that in general, PoS networks are too centralized. In fact, Polygon has a native coin, so I want to buy some MATIC as a middle-term investment.

Increasing Min Gas Price to 30Gwei

Even now, asset transfers on the Polygon network are very cheap.

[Alf_m.h]

https://forum.matic.network/t/increasing-min-gas-price-to-30gwei/2531
Increasing Min Gas Price to 30Gwei
"To reduce the number of spam txns in the network, we are increasing the minimum gas price to 30Gwei from the current (default) value of 1Gwei. It’s recommended to increase the gas price to 30 gwei, but validators are free to chose their own min gas price."

The problem is always a high "gwei", this is the reason for the emergence of new ones besides being economical, plus the network is fast, and easy, once they have this trust it will repeat itself, by increasing the gwei slowly.

[RussianEnglishTranslation]

The commissions on Ethereum are very large, I advise you to start understanding Level 2 solutions.

Optimism Tutorial | How To Use Optimism On Ethereum
https://jamesbachini.com/optimism-tutorial/

Arbitrum Tutorial | How To Use The Ethereum Layer 2 Solution
https://jamesbachini.com/arbitrum-tutorial/

And another most common technology is:
https://polygon.technology/

Aurora sidechain is a better alternative. It is 100% trustless and compatible with Ethereum. It uses ETH natively to pay for gas and DApps work on Aurora without modification. Aurora uses sharding, which means it can theoretically process infinite TPS. There is no long withdrawal time for Aurora like most L2s. Transactions on Aurora are less than a penny, that's cheaper than L2s.

[zasad@]

https://quickswap-layer2.medium.com/polygon-just-gave-us-a-1-million-early-birthday-present-63e49843c54d
Polygon Just Gave Us a $1 Million Early Birthday Present!
"QuickSwap will be one year old this month!
To celebrate, and help bootstrap some additional liquidity onto the DEX, Polygon has provided us with $1 million in $MATIC to offer dual farming rewards for select pairs — similar to the campaign they funded that helped Aave grow massively on Polygon.
We will match and exceed all funds provided by Polygon in $QUICK rewards over the coming months
Stay tuned for more information about all of our upcoming birthday celebrations"


https://twitter.com/SymphonyFinance/status/1438529650183995395
1/ Symphony yield generating limit orders are now LIVE on @0xPolygon!

https://block62.medium.com/symphony-finance-airdrop-whitelist-2cff810b606b
Symphony Finance — Airdrop Whitelist
"Symphony finance just launched their mainnet on Polygon and has announced on Twitter that users who create and execute orders on their platform will receive their $SYM token as rewards later."

https://polygon.symphony.finance/

___
https://awesomepolygon.com/


Polygon
How To Bridge Tokens From Ethereum To Polygon With MetaMask
Learn how to bridge your assets to Polygon and interact with a dapp that's focused on reducing carbon emissions
James Beck, Megan Dias(C) November 9, 2021
https://consensys.net/blog/metamask/how-to-bridge-tokens-from-ethereum-to-polygon-with-metamask/


Optimism
https://vitalik.ca/general/2021/11/16/retro1.html

"Conclusions
Generally, I think Round 1 of Optimism retro funding has been a success. Many interesting and valuable projects were funded, there was quite a bit of discussion, and all of this despite it only being the first round.

There are a number of ideas that could be introduced or experimented with in subsequent rounds:"


Polygon
https://blog.polygon.technology/get-ready-to-participate-in-polygons-defi-contest/
Get Ready To Participate In Polygon’s DeFi Contest!

"Updated weekly, the score will initially be comprised of the following metrics:

Two-week engagement: How active has a user been in the last two weeks
10-week retention: How many weeks in the last 10 weeks has the user engaged with Polygon
Net inflows: Has the user deposited or withdrawn more funds into Polygon in the last two weeks. This is a binary metric, and the total amount is not a factor"

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[josephdd1]

Personally I switched to layers 2 and alternative chains long time ago as Ethereum's transaction fees are unbearable. Arbitrum and Optimism are  Layer-2 solutions running on top of the Ethereum blockchain. They combine several transactions and remove some of the load from the main network, which allows you to reduce the transaction fee and increase its speed.

[ice18]

Heard this l2 solution Arbitrum months ago but never tried it yet. Im still trying to understand how this work on top of eth, Is this l2 already supported by top CEX exchanges like Binance? I know its already live in Uniswap v3, but according to what I search you have to bridge your eth into arbitrum chain to be able to use but Im thinking it can cost you huge transaction fees on this process?   

[zasad@]

https://www.coindesk.com/business/2021/12/01/21shares-to-list-europes-first-polygon-etp-in-paris-amsterdam/
"21Shares to List Europe’s First Polygon ETP in Paris, Amsterdam
The listing follows the polygon ETP’s unveiling on the SIX Swiss Exchange last month."

https://www.coindesk.com/business/2021/10/20/polygon-becoming-increasingly-independent-from-ethereum-as-app-numbers-rise-report/
"Polygon Becoming More Independent From Ethereum as App Numbers Rise: Report
More than 3,000 apps are on the “layer 2″ platform, up from 30 last year."


Protocol zkSync
https://blog.matter-labs.io/funding-ea89c1fa731e
"zkSync is a ZK rollup, a Layer-2 scaling solution that preserves the security properties of the underlying blockchain by leveraging the latest generation of succinct zero-knowledge proofs."


Wallet for transferring funds to the L2
https://wallet.zksync.io/

exchange
https://trade.zigzag.exchange

Works with ledger. Commission ~ $ 1 per transaction

https://zksync.io/faq/tokens.html#listing-a-token
"Transfers in zkSync support "gasless meta-transactions": users pay transaction fees in the tokens being transferred. Thus, for example, if you want to transfer DAI stable-coin, there is no need for you to own ETH or any other tokens. Just pay your fees in a fraction of DAI.

For tokens without a liquid market price, fees are paid in a different token."




Is the $6B locked in L2 secure?
https://medium.com/l2beat/is-the-6b-locked-in-l2-secure-895cba23d026
"Today L2BEAT lists nineteen Layer 2 solutions live on Ethereum Mainnet. To fully grasp the security of all the $6B locked in those systems one would need to analyse each and every one of them individually."

[moderator's note: consecutive posts merged]

[Kitaiev]

I constantly hear what is better zk rollups than an optimistic. But who is the best of zk rollups? @Dareal_sisyphe has an opinion on this question.

Comparing zkSync and Starkware in a very large twitter thread
https://twitter.com/dareal_sisyphe/status/1469242551836332032

[zasad@]

Polygon Is Bringing EIP-1559 Upgrades to Its Network With a Testnet Release
https://blog.polygon.technology/polygon-is-bringing-eip-1559-upgrades-to-its-network-with-a-testnet-release/
"Polygon is taking steps to bring this much-requested upgrade to our network. It goes live on the Mumbai testnet on Dec. 14, at 8 a.m. UTC.
Polygon’s MATIC has a fixed supply of 10 billion, so any reduction in the number of available tokens will have a deflationary effect. We took Ethereum’s experience since the upgrade as the baseline to simulate the potential impact on MATIC’s total supply. The analysis, which can be seen here, suggests that annualized burn would represent 0.27% of the total MATIC supply."

[Lizzylove1]

I have use both Optimism and Arbiterium an even provided liquidity in one in anticipation of retroactive airdrop. I am waiting for Zykyns to deploy on their mainet, their gas fees will appear to be better than both Optimism and Arbiterium. This is why the ETH network will still remain in number 2 spot.

[zasad@]

I have use both Optimism and Arbiterium an even provided liquidity in one in anticipation of retroactive airdrop. I am waiting for Zykyns to deploy on their mainet, their gas fees will appear to be better than both Optimism and Arbiterium. This is why the ETH network will still remain in number 2 spot.

https://l2fees.info/
The lowest fees are now in the polygon ecosystem, because matic tokens are cheap.
But Optimism, Arbitrum and Polygon are the biggest ecosystems because there are so many interesting projects there.
But I spent a lot of coins on commissions on various bridges.


Polygon Is Bringing Web3 to Opera Browser
https://blog.polygon.technology/polygon-is-brining-web3-to-opera-browser/
"Polygon is coming to the Opera browser in a partnership that can potentially onboard millions of users into Polygon’s ecosystem of decentralized apps (dApps).

Opera will integrate the Polygon blockchain in their Web3-ready browser and its built-in crypto wallet on Android in the first quarter of 2022. The integration will enable Opera’s users in-browser access to over 3,000 dApps on the Polygon network. "


https://twitter.com/WuBlockchain/status/1471680886722625536
"The Ethereum L2 Optimism network announced that whitelisting permissions will no longer be required in the future, and anyone can freely deploy to the Optimism mainnet. The TVL of Optimism is $377 million, ranking fifth in the L2 network."

[moderator's note: consecutive posts merged]

[Daltonik]

On January 9, the Arbitrum team reported a failure of the main network of the Arbitrum L2 solution. Everything happened as it turns out due to an error in the Sequencer smart contract, as a result of which the protocol stopped releasing new blocks, the developers guaranteed the safety of user funds, it is worth noting that this is the second network failure in the last half a year
https://twitter.com/arbitrum/status/1480165924355330051

[casperBGD]

https://twitter.com/WuBlockchain/status/1471680886722625536
"The Ethereum L2 Optimism network announced that whitelisting permissions will no longer be required in the future, and anyone can freely deploy to the Optimism mainnet. The TVL of Optimism is $377 million, ranking fifth in the L2 network."

yeah, this with reducing fees with upgraded technology should propel Optimism on TVL list
earlier it was a bit expensive to use Optimism, as fees could reach $20 for swapping, but with $2-3 fees after upgrade, it should have more users, and more protocols will be willing to deploy now, when whitelisting is over

as Vitalik said, multi-chain is bigger than cross-chain, will be interesting development in 2022