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MegaETH co-founder Shu Yao: Creating the first real-time block network to unlock new scenarios for on-chain consumer applications

ChainCatcher news, during the "DeInsight 2024" annual summit held in Bangkok at Devcon, Layer2 infrastructure MegaETH co-founder Shu Yao shared a keynote speech titled "MegaETH: Building the First Real-Time Blockchain Network."Since 2020, the two main scalability roadmaps advocated by Ethereum founder Vitalik Buterin, OP Rollup and ZK Rollup, have seen innovations occurring at the consensus layer. Although both have their advantages, they have not resolved performance issues, primarily due to the lack of consensus on sequencer validation. MegaETH aims to address these problems.Shu Yao stated that MegaETH is building a Layer2 solution that integrates ultra-high throughput, extremely low latency, and EVM compatibility, aiming to accelerate Ethereum's journey towards the ultimate form of scalability.Shu Yao mentioned that the MegaETH network can process up to 100,000 transactions per second (TPS) with sub-millisecond ultra-low latency, aiming to create the first real-time block network.She explained that the ultra-low latency of the block network means that all applications can run in real-time, which is extremely important for consumer applications. The extremely low latency will unlock previously unimaginable consumer applications.For more content from the conference, please check the following links:Video live stream link:https://www.youtube.com/live/tTVcUPumPysImage live stream link:https://www.pailixiang.com/album_ia7637038926.html

LK Venture announces investment in Bitcoin Layer2 scaling solution Merlin Chain

ChainCatcher news, Hong Kong listed company Blueport Interactive (8267.HK) affiliated crypto investment and research institution LK Venture announced that it has invested in the Bitcoin Layer2 scaling solution Merlin Chain through the Bitcoin network ecological investment management fund BTC NEXT.Merlin Chain is a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC anti-fraud module, dedicated to empowering native assets, protocols, and products on Bitcoin Layer1 through Layer2 network, making Bitcoin interesting again. Bitmap Tech is the parent company of Merlin Chain, with a total market value of over 500 million USD, and its BRC-420 "Blue Box" series has become one of the hottest assets on Ordinals.LK Venture founding partner Leo Deng stated that through the differentiated strategy of "first having the ecosystem, then having Layer2," Merlin Chain will bring the Bitcoin Layer1 assets represented by the Blue Box and the strong user community consensus of Bitmap holders into Bitcoin Layer2, endowing it with rich asset reserves and user base. We appreciate the efforts made by the team behind Merlin Chain, Bitmap Tech, in focusing on the Bitcoin ecosystem over the years, and look forward to the technological upgrades of Merlin Chain and the further expansion of its DApp ecosystem.
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