Eclipse to Launch Ethereum SVM L2 Mainnet with Multi-Layered Features

Eclipse announces the launch of its Ethereum SVM L2 mainnet with a multifaceted execution environment.
The mainnet will utilize Ethereum for settlement, ETH as Gas Token, and will run on Solana Virtual Machine (SVM).
Celestia will be used for extended data availability, while RISC Zero will handle ZK fraud proof.

In an ambitious move to elevate Layer 2 solutions, Eclipse has announced the upcoming launch of its Ethereum SVM L2 mainnet. The new network aims to integrate multiple blockchain technologies to provide a powerful and efficient environment for decentralized applications and transactions.

At the heart of this network is Ethereum, which will act as the settlement layer while also utilizing ETH as the Gas Token. This allows for seamless integration with the Ethereum ecosystem, reducing the complexity for developers and users alike.

Further enhancing the system is the Solana Virtual Machine (SVM), which will serve as the execution environment. Known for its scalability and low transaction costs, Solana’s technology aims to speed up transactions while reducing the overall load on the Ethereum network.

Data availability is a critical factor for any blockchain network, and Eclipse plans to address this by posting data to Celestia. This will significantly extend data availability, making the network more robust and reliable.

In terms of security, Eclipse is adopting RISC Zero for Zero-Knowledge (ZK) fraud proof. This adds an extra layer of security to the network, making fraudulent activities harder to execute.

Read CRYPTONEWSLAND on

google news

In summary, Eclipse’s Ethereum SVM L2 mainnet aims to bring together the best of multiple blockchain technologies to create a seamless and efficient Layer 2 solution. By integrating Ethereum for settlement, Solana for execution, Celestia for data availability, and RISC Zero for fraud prevention, Eclipse aims to offer a multi-layered environment that addresses the current limitations in blockchain technology.

Summary:

Eclipse has announced the launch of its ambitious Ethereum SVM L2 mainnet. The network integrates Ethereum for settlement, uses ETH as a Gas Token, and employs Solana Virtual Machine for its execution environment. With Celestia for extended data availability and RISC Zero for ZK fraud proof, the network aims to offer a robust Layer 2 solution.

Recommended News :

Crypto Geek

CryptoGeek who prefers to be known in the crypto universe as Crypto enthusiast and part-time writer, diving deep into the world of blockchain to serve up insightful content with a hint of humor. Committed to demystifying the complexities of cryptocurrency, expect a blend of sharp analysis and accessible explanations that make the cryptoverse feel like home.