Ethereum News Daily TheBitTimes.com

The Optimism Network has revealed that it will sell 116 million OP tokens in a series of planned sales. Ethereum layer-2 scaling solution Optimism (OP) has disclosed plans to sell 116 million OP token s to seven private buyers for treasury management purposes At current prices, the sale will see $159 million worth of OP tokens change hands. Starting today, there will be several transactions totaling approximately 116M OP token s. We’re sharing as a heads up to our community that these are planned transactions. — Optimism (_) (@optimismFND) September 20, 2023 While some observers feared the sale would bring about depressed prices from Optimism “dumping” its tokens on the market, it seems unlikely that the sale of the tokens will have any material impact on the price of OP, due to the sale being private. Additionally, the tokens are being sourced from the unallocated portion of the OP token treasury — meaning that they are not part of the circulating supply. Optimism (OP) token...

The latest proof system promises to better throughput than the current 100 TPS rate and reduce costs in the long term. Ethereum (ETH) layer-2 scaling solution zkSync Era has  launch ed a new STARK- based proof system called Boojum that promises to run on consumer-grade GPU system s. zkSync Era is one of a handful of Ethereum scaling protocols that makes use of zero-knowledge rollups (ZK-rollup) to increase capacity and speed while reducing fees. ZK-rollups mostly use two prominent proof systems, namely zk-STARK and zk-SNARK. zk-SNARK stands for a zero-knowledge succinct non-interactive argument of knowledge, while zk-STARK stands for zero-knowledge scalable transparent argument of knowledge. The new Boojum proof system is based on a Rust- based cryptographic library from zkSync that implements an upgraded version of arithmetic circuits for zkSync Era and its ZK developer stack. Most importantly, it allows Boojum provers to be run on everyday personal computers, as opposed to po...