Fireblocks Adds Support for Sony’s Soneium, First Step in Provision of Custody Services
Support for Soneium is a precursor for firms to use Fireblocks’ technology to provide crypto custody services on the month-old blockchain.
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Support for Soneium is a precursor for firms to use Fireblocks’ technology to provide crypto custody services on the month-old blockchain.
One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader.
Crypto exchange Kraken announced last week that it will build a layer-2 network atop Optimism’s OP Stack blockchain framework. CoinDesk is first to report that the deal was reached early this year, involving a grant of 25 million OP tokens, at the time worth roughly $100 million.
The disclosure comes nearly a year after CoinDesk broke the news that Kraken was considering its own layer-2 network, following the runaway success enjoyed by Base after it launched in mid-2023.
The news is in line with the ongoing trend that’s hit the Ethereum scaling world since the end of 2023: giant and familiar crypto exchanges launching their own layer-2 networks.
As Ethereum (ETH) continues to solidify its position as the leading blockchain platform for decentralized applications, a new development has … Continue reading
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The new project, “Soneium” will be a layer-2 network atop the Ethereum blockchain, using technology from Optimism’s OP Stack.
Optimism networks that are part of the Superchain rely on Ethereum to communicate with each other in order to move assets, which tends to make such moves slow and expensive. To address that, Optimism is releasing its own interoperability roadmap.
In this week’s newsletter, we delve into the Ethereum layer-2 network Optimism’s delivery of “fault proofs,” a piece of functionality that was glaringly missing even though it was at the heart of the project’s security setup.
For years, Optimism was missing a core feature at the heart of its design: “Fault proofs.” On Monday, that tech is finally here.