Crypto Trends 8 June 2020

Crypto Trends

A summary of the crypto trends for the week.

Layer 2 is coming soon™

For far too long the way to scale was to use a Proof of Authority sidechain secured by the (significant) reputation of the authorities. Low cost, fast but not exactly trustless.

Soon™ there will be a plethora of options using Layer 2 scaling. I recommend reading the list by Philippe and Vitalik’s tweet storm of what is coming.

Given that gas prices are still around 20 Gwei (https://www.ethgasstation.info/), these can’t come soon enough.

OMG Network V1 Public Mainnet Beta

It feels like it has been a long wait. It has been two years since the OmiseGO Holiday Special.

OmiseGO is now OMG Network.

The Mainnet Beta is Single operator, ETH & ERC20 transfers for now.

State of Eth2

Nice overview of the current state of Eth2.


For detailed news see: Week in Ethereum News, EthHub and What’s New in Eth2

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