NewsBTC

GnosisDAO Makes Historic Shift: Gnosis Chain to Become Ethereum Rollup

August 20, 202608:15 AM
GnosisDAO Makes Historic Shift: Gnosis Chain to Become Ethereum Rollup

GnosisDAO has given the green light to transform Gnosis Chain into an Ethereum rollup, marking a pivotal moment in the network's evolution. This strategic shift will position Gnosis Chain as a layer 2 solution, leveraging Ethereum's security and scalability while maintaining its unique features. The decision reflects the growing trend of blockchain networks adopting rollup architectures to enhance performance and reduce costs. The transition to an Ethereum rollup model represents a significant development for both the Gnosis ecosystem and the broader Ethereum landscape. By becoming a rollup, Gnosis Chain will benefit from Ethereum's robust security model and improved transaction throughput, potentially attracting more developers and users to the platform. This move also aligns with Ethereum's roadmap toward scalability solutions, reinforcing the network's position as the foundation for decentralized applications and services.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

Read Full Article at NewsBTC
QR Code Lightning

Support Jornal Bitcoin

Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.

Wallet of Satoshi
jonata@walletofsatoshi.com

Daily Crypto Brief 📬

Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.

Join more than 10,000 smart readers.

Related News

GnosisDAO Approves Gnosis Chain Transition to Ethereum Economic Zone Rollup
CoinTelegraph★ Featured

GnosisDAO Approves Gnosis Chain Transition to Ethereum Economic Zone Rollup

GnosisDAO has formally approved the transition of Gnosis Chain from a standalone layer-1 network to a ZK-proven Ethereum Economic Zone (EEZ) rollup, a historic decision that reshapes the future of blockchain infrastructure. With 123,158 GNO votes in favor, proposal GIP-153 surpassed the required quorum of 75,000 GNO, indicating strong consensus among governance token holders.

This strategic shift will enable Gnosis Chain to settle transactions directly on Ethereum, retiring its independent validator set and transforming into a layer-2 solution. The transition represents a significant move toward interoperability and scalability within the Ethereum ecosystem, strengthening Gnosis's position as an integral part of the DeFi and Web3 infrastructure.
CryptoSlate

Crypto network votes to abandon standalone blockchain, unlocking 27% of token supply

GnosisDAO has decisively approved GIP-153, retiring Gnosis Chain's standalone Layer 1 blockchain and unlocking approximately 350,000 staked GNO tokens. This strategic pivot transforms the network into a zero-knowledge-proven Ethereum Economic Zone rollup that settles directly to Ethereum every block, fundamentally altering Gnosis's security architecture and governance model in a move that will reshape the ecosystem's future. The transition to inherit security from Ethereum validators marks the end of Gnosis Chain's independent validator set, directly impacting stakers and network dynamics. This shift from Layer 1 to Ethereum rollup reflects a growing trend of cost optimization and security through interoperability, potentially increasing GNO token liquidity and utility within the Ethereum ecosystem while redefining the future of decentralized governance.
CryptoPotato

Hayes Calls AI a Bubble, Then Launches His Own AI Project

Arthur Hayes, former BitMEX CEO and prominent crypto investor, is making a stunning about-face. After calling artificial intelligence a speculative bubble, the magnate is now launching his own AI project that rewards miners for supplying useful computing work to AI agents rather than conventional mining activity. This initiative represents a significant strategic shift in the cryptocurrency landscape, integrating blockchain technology with the growing demand for AI resources. Hayes' project capitalizes on existing mining infrastructure, redirecting it toward more useful and potentially more profitable applications, while positioning the founder as an innovative figure at the convergence of AI and blockchain.
CoinDesk

Bitcoin Nears Key Technical Breakout That Could Send Prices Soaring to $76,000

Bitcoin is on the verge of completing a technical pattern that analysts believe could signal a significant price surge with potential to reach $76,000. The breakout of key resistance is generating optimism among investors and traders closely monitoring cryptocurrency market movements. This technical development comes at a critical time for Bitcoin, which is seeking to resume its upward trajectory after periods of volatility. Analysts highlight that a confirmed breakout could not only propel Bitcoin's price but also have positive effects across the entire crypto ecosystem, including altcoins and tokens related to blockchain technology.
Citi Makes Historic Move: Banking Giant to Launch Bitcoin Custody for Institutional Clients
Portal do Bitcoin★ Featured

Citi Makes Historic Move: Banking Giant to Launch Bitcoin Custody for Institutional Clients

Citi, one of the world's largest banking giants, is set to revolutionize the cryptocurrency sector by announcing the launch of Bitcoin custody services for institutional clients. This historic initiative will allow major investors to hold their digital and traditional assets under the same security structure, marking a turning point in the institutional adoption of Bitcoin.

This move by Citi represents a clear signal that Wall Street is increasingly committed to the crypto ecosystem, validating the asset class before regulators and traditional investors. The measure is expected to accelerate institutional capital entry into the cryptocurrency market, potentially boosting Bitcoin's liquidity and stability. With financial giants embracing blockchain technology, the future of digital finance appears increasingly closer to mainstream reality, opening new possibilities for global financial innovation.
HSBC and Standard Chartered Make History with First Live Tokenized Deposit Transaction on Swift's Blockchain
Crypto Briefing

HSBC and Standard Chartered Make History with First Live Tokenized Deposit Transaction on Swift's Blockchain

HSBC and Standard Chartered have made history by completing the first live tokenized deposit transaction on Swift's blockchain, paving the way for a revolution in global financial transactions. This groundbreaking collaboration between two of the world's largest banks and the international payments network demonstrates the growing adoption of blockchain technology within the traditional banking industry. The transaction represents a significant step toward a more efficient global financial system, operating 24/7 and eliminating geographical barriers. With deposit tokenization, banks can now transfer digital assets instantly and at reduced costs, potentially disrupting the traditional financial settlement model and accelerating the adoption of digital currencies by major financial institutions.
Jornal Bitcoin Logo