Tags: Blockchains

Bitrock is an L2 Ethereum Proof-of-Authority side chain boasting near-zero native gas fees and lightning-fast block times. In addition to having a cost-effective, scalable, and high-speed infrastructure, Bitrock will soon have a unique multichain DEX swap where users can trade cryptocurrencies without unnecessary hassles.

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The network’s early success was a double-edged sword as the large number of transactions resulted in network congestion and rising transaction fees, the report said.

Protocols like Near, Polkadot and Cardano are using new approaches to improving the tradeoff between scalability, decentralization and security, the report said.

Active addresses and daily NFT trading volume have returned to levels last seen before the collapse of crypto exchange FTX, the report said.