ChainCatcher news, Waves founder Sasha Ivanov stated on his social media that the Wave Level 2 network white paper has been released. This white paper is based on L1 Waves economics and consensus, allowing for the independent launch of multiple interconnected L2s without the need for ZK proofs.Ivanov said this is a completely new approach to Level 2 blockchains.

ChainCatcher news, Waves founder Sasha Ivanov tweeted that 21.5 million XTN have been burned, and currently only a small portion of XTN holders have converted XTN into L2MP tokens to enjoy higher staking rewards. The Waves L2 white paper will be released next week.