Near Foundation and Eigen Labs Collaborate to Boost Ethereum Rollup Efficiency

Near Foundation and Eigen Labs Collaborate to Boost Ethereum Rollup Efficiency



The Near Foundation and Eigen Labs have partnered to enhance the efficiency and lower the cost of transactions on Ethereum rollups. The Near Foundation, known for its work on the Near protocol, and Eigen Labs, creators of the restaking protocol Eigen Layer, aim to tackle challenges within the Ethereum ecosystem.



Their main goal is to reduce transaction costs and speed up processing times on Ethereum rollups, aiming for transaction times of just three-to-four seconds, which marks a significant improvement over current speeds.



The collaboration also seeks to enable low-latency communication across rollups, aiming to lessen the fragmentation of liquidity among various Layer 2 solutions. A vital part of this partnership is improving the Near-Ethereum Rainbow Bridge, a decentralized bridge that facilitates asset and data transfers


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Eigen, #Ethereum, #NEAR, #News

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