Cryptocurrency companies Coti (COTI) and Cronos (CRO) plan to launch the Ethereum (ETH) layer-2 (L2) blockchain next year.
Coti and Cronos Plans to expand into the Ethereum ecosystem with an L2 network companies that declare happened.
Coti before Directed Acyclic Graph (DAG) It had a blockchain structure using technology, but in the statement made by the team, it was stated that working compatible with L2 will be important in the future specified.
With this Crypto.com partner Cronosannounced that it will launch a Layer-2 network for Ethereum together with Matter Labs. This new network, Network, Matter Labs’ ZK-Rollup will use technology.
The primary focus of Coti’s Layer-2 network is decentralized applications (dApps) There will be user privacy for.
First testnet for Coti V2 2024 in the year will launch it. It’s part of an upgrade planned for next year L2 tests will also be done. Testnet developers and users to experience the network and before the official launch to give feedback will allow.
Cronos and Matter Labs for launch Has not announced an official date yet. However, the network in 2024 is expected to be released.
COTI spokesperson to address Ethereum’s scalability issues The increasing importance of L2 solutionsWhile emphasizing that this conversion to L2 is more It will bring more privacy and harmony told:
What has changed is that Coti’s infrastructure, previously a proprietary DAG-based protocol, has become an EVM-compatible, privacy-centric Layer 2 on Ethereum.