Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

EEZ tests atomic L1-to-L2 transaction in push to unify Ethereum

An EEZ contributor shared a 0.001 ETH cross-chain test as the project develops a framework to connect Ethereum mainnet and its rollups.

EEZ tests atomic L1-to-L2 transaction in push to unify Ethereum

The Ethereum Economic Zone (EEZ) has recently demonstrated an atomic transaction between Ethereum's mainnet and a layer-2 network, marking a significant step towards unifying the blockchain ecosystem. According to a project contributor, Eduardo Antuña Díez, this marks the first successful L1-to-L2 atomic cross-chain transaction.

The logs of the transaction detail a transfer of 0.001 Ether (ETH) and a state update for a rollup, illustrating the seamless connection between the two networks. Atomic transactions are crucial as they ensure that all actions linked across networks either succeed together or are reversed collectively if any part of the transaction fails.

This development aims to streamline interactions between rollups and Ethereum's mainnet, eliminating the need for bridges and enabling the seamless transfer of liquidity and applications across different Layer 2 networks. The project emphasizes the importance of synchronous composability, which currently forces protocols to maintain separate deployments on various L2s, thereby fragmenting liquidity.

Jakub Gregus, co-founder of the decentralized finance protocol Hydration, hailed this demonstration as "one of the most important milestones" in the cryptocurrency space, highlighting its potential to benefit Ethereum directly.

Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at cointelegraph.com →

More in Finance & Markets

US enshittification vs Chinese involution

It’s getting better all the time (Better, better, better) It’s getting better all the time I admit it’s getting better –The Beatles In an X post, Marko Jukic, senior analyst at Bismarck Analysis…

More from Tuesday 6 October →