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The rumors were fueled by reports citing anonymous sources and a job posting from Kraken which highlighted that the company is "enthusiastic" about layer-2 solutions. Crypto exchange Kraken neither confirmed nor denied rumors of the company’s plans to potentially release a layer-2 solution similar to what its competitor Coinbase did with Base network earlier this year.  The rumors were fueled by reports citing anonymous sources and a job posting from Kraken highlighting that the organization is looking to hire a senior cryptography engineer who would be in charge of designing and implementing cryptographic protocols and “ layer-2 solutions.” Within the job post, Kraken also noted that its team has “recently embarked on exploring how more protocols and decentralized applications can be integrated” into its crypto ecosystem. The post also noted that the company is enthusiastic about layer-2 protocols. Kraken’s job posting for a senior cryptography engineer. Source: Lever Co...

The Binance-founded blockchain has introduced a new layer-2 chain opBNB, though some suggest there are other ways to scale the network. Binance-founded layer -1 blockchain BNB Chain has introduced a new layer -2 chain it hopes to address its “scalability challenge.” On June 19, BNB Chain unveiled opBNB which launched as a testnet on June 19. The new layer -2 scaling solution is based on the Optimism OP Stack which it says will add additional security and scalability to the Binance blockchain network. The system is an Ethereum Virtual Machine (EVM) compatible layer-2 chain, which means it works with Ethereum-based smart contracts, networks, and ERC-20 token standards. Blockchains are often plagued by network congestion and high fees during times of increased network demand. BNB Chain currently claims around 2,000 transactions per second with transaction costs of around $0.10. According to the announcement, opBNB can support over 4,000 transfer transactions per second and an average tr...