Tuesday, July 29, 2025
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
Crypto now 24
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
No Result
View All Result
Crypto now 24
No Result
View All Result

a16z to Release ‘Magi’, A New Rollup Client for Optimism

April 20, 2023
in Metaverse
Reading Time: 2 mins read
A A
0

[ad_1]

a16z to Release ‘Magi’, A New Rollup Client for Optimism

Revealed: 20 April 2023, 11:28 am Up to date: 20 Apr 2023, 11:29 am

After tweeting a16z engineer Noah Citron tweeted an orange dot with the message “coming quickly” on Wednesday, a16z crypto introduced that it’s constructing Magi, a brand new rollup shopper for the Optimism ecosystem.

Utilizing optimistic rollups as a scaling know-how, Optimism features as a layer-two blockchain for Ethereum, enabling off-chain computation to securely file layer-2 transactions. 

Developed for OP Stack, the standardized, shared, and open-source growth stack that powers Optimism, maintained by the Optimism Collective, Magi is just like the site visitors management officer within the conventional execution/consensus break up of Ethereum. It sends new blocks to the execution shopper to maintain the chain going.

“Magi performs the identical core performance because the reference implementation (op-node) and works alongside an execution node (similar to op-geth) to sync to any OP Stack chain, together with Optimism and Base,” a16z crypto said.

With Magi written in Rust, a16z hopes to carry range to rollup purchasers by constructing out a substitute for op-node, the one rollup shopper that’s maintained by OP Labs and written in Go. 

“Shopper range is required on each the execution and consensus sides, however a lot of the growth has up to now been centered on execution purchasers,” the corporate added. “Any current Ethereum execution shopper may be appropriate with Optimism by implementing a modest set of adjustments, and several other new initiatives are already adapting these purchasers to assist obtain shopper range. OP Labs modified Geth to construct op-geth; and different teams are at the moment constructing op-erigon and op-reth.”

a16z crypto stated that Magi is months away from being a possible alternative to op-node however plans so as to add new options, together with new sync mechanisms to enhance preliminary sync pace, different knowledge availability layer help, and extra.

Following the announcement, Optimism’s native token OP noticed a small bump from $2.46 to $2.70 on Wednesday earlier than pulling again to $2.60 as of this writing.

Learn extra:

[ad_2]

Source link

Tags: a16zClientMagiOptimismReleaseRollup
Previous Post

Hollywood’s Attention Turns To SHIB Metaverse, Shiba Inu Advisor Reveals

Next Post

DOGE Sellers Scupper Rebound, as LTC Remains Near 3-Week Low – Market Updates Bitcoin News

Next Post
DOGE Sellers Scupper Rebound, as LTC Remains Near 3-Week Low – Market Updates Bitcoin News

DOGE Sellers Scupper Rebound, as LTC Remains Near 3-Week Low – Market Updates Bitcoin News

BAYC Hits Incredible 1 Million ETH Milestone

BAYC Hits Incredible 1 Million ETH Milestone

The Future Of NFTs – Here’s Why Some NFT Projects Have Vanished While Others Flourish

The Future Of NFTs - Here’s Why Some NFT Projects Have Vanished While Others Flourish

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Social icon element need JNews Essential plugin to be activated.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.