Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » Layer-2 teams rally behind Ethereum’s overhaul vision
    Immunefi-Ethereum Foundation-July-12
    Immunefi-Ethereum Foundation-July-12
    Blockchain

    Layer-2 teams rally behind Ethereum’s overhaul vision

    By Nikita JiangNovember 25, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • Ethereum developers propose the “Beam Chain,” integrating zero-knowledge cryptography into its consensus layer
    • Layer-2 leaders zkSync and Polygon support the changes, citing benefits to scaling and cost efficiency

    What happened

    Last week, at the biennial Devcon gathering in Bangkok, Thailand, developer Justin Drake laid out an ambitious plan to revamp Ethereum’s consensus layer architecture. This plan, targeting a launch in 2029, seeks to reduce transaction costs, improve scalability, and introduce single-slot finality for instant block validation. Teams from leading Layer-2 networks, such as zkSync and Polygon, expressed strong support, emphasizing the changes focus on Ethereum’s consensus layer without affecting their execution layer operations. ZK rollups, which compress transaction data for speed and efficiency, remain central to Ethereum’s roadmap, with the proposal enhancing their function rather than making them obsolete.

    That’s the assessment the teams behind zkSync and Polygon, two of the leading layer-2 networks running on top of Ethereum, gave of a recent proposal to overhaul the $400 billion blockchain, dismissing suggestions it would make their auxiliary networks redundant.

    Also read: Ethereum ETF: What you need to know

    Also read: Grayscale’s Ethereum lead at risk as big investors launch ETFs

    What it’s important

    The Beam Chain proposal is a pivotal step for Ethereum, reinforcing its position as a blockchain leader by integrating zero-knowledge (ZK) cryptography directly into its consensus layer. This move highlights the platform’s response to competitive pressures from blockchains like Solana and Avalanche, which have gained traction for their speed and cost efficiency. For smaller companies like Matter Labs, the developer of zkSync, the upgrade ensures their Layer-2 solutions remain indispensable by benefiting from lower transaction costs and faster settlements.

    The broader implications extend to industries reliant on Ethereum for decentralized finance (DeFi), gaming, and supply chain solutions. The proposed changes will significantly reduce bottlenecks for small developers building on Ethereum, allowing them to scale without incurring prohibitive costs. For instance, startups like Immutable, which leverages Layer-2 technology for gaming NFTs, could see faster adoption of their platforms. By positioning Ethereum as a more robust global settlement layer, the proposal supports ecosystem growth, benefiting developers and users alike.

    Avalanche Devcon Ethereum Immutable Justin Drake Matter Labs Polygon Solana zkSync
    Nikita Jiang

    Nikita Jiang is a dedicated journalist at Blue Tech Wave specializing in culture and technology. She holds a Bachelor's degree from King's College London and a Master's from the University of Manchester. Connect with her at n.jiang@btw.media.

    Related Posts

    The future of AFRINIC: Rebuilding trust after controversy

    July 29, 2025

    AFRINIC’s governance in crisis: Is liquidation the only legal path forward?

    July 28, 2025

    How AFRINIC’s fall impacts African internet startups and SMEs

    July 28, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

    Type above and press Enter to search. Press Esc to cancel.