🚀 SphereOne Deploys L3 Testnet on Base Chain Using Conduit Rollup Infrastructure
#SphereOne #L3Testnet #BaseChain #Conduit #RollupInfrastructure #CryptoPayments #BlockchainExplorer
According to Odaily, cross-chain crypto payment platform SphereOne has announced the deployment of its L3 testnet on the Base chain, utilizing Conduit's rollup infrastructure. Users can create an 'early tester' NFT or view the blockchain explorer through the official link.#SphereOne #L3Testnet #BaseChain #Conduit #RollupInfrastructure #CryptoPayments #BlockchainExplorer
🚀 Conduit Launches High-Performance Sequencer G2
#Conduit #Sequencer #G2 #Blockchain #Rollup #Performance #Mgas #OnChain #OPStack #ArbitrumOrbit
According to BlockBeats, on October 17, Rollup deployment platform Conduit announced the launch of its new sequencer, Conduit G2. The G2 sequencer is capable of achieving a throughput of up to 100 Mgas/s and can maintain this performance over the long term, opening up new possibilities for on-chain applications.
The G2 sequencer offers performance that is ten times higher than existing sequencers. It is fully compatible with both the OP Stack and Arbitrum Orbit. This is not a theoretical development or an upcoming release; the G2 sequencer is already in production.#Conduit #Sequencer #G2 #Blockchain #Rollup #Performance #Mgas #OnChain #OPStack #ArbitrumOrbit
🚀 Degen Faces Dispute With Conduit Over Chain Issues
#Degen #Conduit #Blockchain #Dispute #L3 #ChainUpgrade #BridgingTransactions #UserFunds #SmartContracts #Infrastructure
According to Foresight News, Degen has announced a dispute with Conduit, stating that if Conduit fails to resolve the issue appropriately, Degen is prepared to establish a new chain and compensate all holders and developers on the original L3. Degen highlighted that its L3 processes over $200,000 in daily bridging transactions. However, Conduit implemented an unfavorable upgrade without prior notice, resulting in a 54-hour downtime and a loss of $160,000 in user funds. Following this incident, the bridging transaction volume plummeted by more than 75% over the subsequent month.
After the incident, Conduit refused to take responsibility for the community's losses and rejected Degen's request for a chain upgrade while withholding sequencer fees. Conduit also demanded the signing of a new contract to avoid liability. As Conduit holds Degen's aggregation keys and refuses to upgrade the Degen chain, Degen is unable to sign the necessary transactions to complete smart contract deployments or activate a new infrastructure provider's sequencer.#Degen #Conduit #Blockchain #Dispute #L3 #ChainUpgrade #BridgingTransactions #UserFunds #SmartContracts #Infrastructure
🚀 Offchain Labs Acquires ZeroDev to Enhance Blockchain Infrastructure
#OffchainLabs #ZeroDev #Blockchain #SmartAccounts #CryptoProjects #ApeCoin #Conduit #Crossmint #Infrastructure #CrossChainTransactions
According to PANews, Offchain Labs has announced the acquisition of ZeroDev, a developer of smart accounts. ZeroDev currently supports over 5 million smart accounts across more than 30 blockchains, providing tools for various crypto projects such as ApeCoin, Conduit, and Crossmint. This acquisition aims to address the growing demand for on-chain infrastructure, facilitating the transition of large institutions and consumer applications to blockchain technology. It will also work in conjunction with Offchain Labs' previously launched universal intent engine to enable rapid cross-chain transactions and a seamless user experience.#OffchainLabs #ZeroDev #Blockchain #SmartAccounts #CryptoProjects #ApeCoin #Conduit #Crossmint #Infrastructure #CrossChainTransactions