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Enterprise capital agency A16z revealed the key behind its tweets that featured an orange ball – the launch of a brand new Layer 2 rollup consumer known as Magi.
Magi, a brand new rollup consumer developed in Rust — has been constructed on the OP Stack — a software program stack particularly designed to create a blockchain dApp ecosystem centered across the Optimism Layer 2 community.
In accordance with the official April 19 announcement, its purpose is to reinforce range and enhance the OP Stack ecosystem.
A16z new L2 rollup to reinforce latency, pace
The newly launched Layer 2 rollup consumer remains to be beneath growth, and the enterprise capital agency plans to make it a viable different to current shoppers. A16z goals to enhance the consumer’s latency, sync pace, and testing frameworks to reinforce its efficiency.
On the planet of blockchain, a consumer serves as a gateway for customers to entry and work together with the community. It validates transactions and retains an area copy of the blockchain. Variety in shoppers is essential to making sure that the community stays resilient and safe with out counting on a single level of failure.
The weblog reads,
“Magi acts because the consensus consumer (usually known as a rollup consumer within the context of the OP stack) within the conventional execution/consensus cut up of Ethereum. It feeds new blocks to the execution consumer so as to advance the chain.”
As reported by CryptoSlate on April 18, Noah Citron — a crypto engineer, posted a tweet that includes an orange dot with the phrases “coming quickly.” This sparked hypothesis amongst Twitter customers, who in contrast it to Coinbase’s announcement of a blue dot earlier than revealing its Optimism-based layer 2 answer. A16z Crypto’s CTO, Eddy Lazzarin, responded to the rumors, denying that the agency was engaged on a layer 2 blockchain.
Andreessen Horowitz— with over $7 billion in devoted funds for investments within the crypto sector—is among the many most outstanding traders. A16z Crypto, which is a subsidiary of Andreessen Horowitz, has invested in Optimism, a startup that focuses on Ethereum scaling and was established firstly of 2020.
The submit A16z’s thriller ‘orange ball’ revealed — new L2 rollup consumer ‘Magi’ appeared first on CryptoSlate.
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