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The Protocol: Ethereum Struggles With Sprawl as Optimism Airdrops $27M


Last week marked the one-year anniversary of Ethereum’s historic “Merge” – the shift to a more energy-efficient proof-of-stake network. But in some ways the largest smart-contract blockchain has become a victim of its own success: Staking is so popular that the number of network validators...

Peter Thiel-Backed Founders Fund Invests in Layer N's Ethereum Scaling Tech


The new Ethereum scaling network Layer N has raised $5 million in a seed funding round led by PayPal co-founder Peter Thiel’s Founders Fund and investment collective dao5. The funding round, announced by Layer N on Wednesday this week, also saw participation from several other notable crypto...

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