Hepton is the next generation Ethereum Layer 2 that helps manage transactions on the Ethereum mainnet
/EIN News/ — New York, U.S., Feb. 09, 2022 (GLOBE NEWSWIRE) — Hepton is the next generation of Ethereum Layer 2, a collective term for solutions designed to help scale user applications by managing transactions outside the Ethereum mainnet. In addition to that, it also helps by leveraging Mainnet’s robust decentralized security model, commonly referred to as Layer 1.
Hepton, as Layer 2 for scaling Ethereum, will offer two projects: Hepton-POS and Hepton-Standra. Hepton-POS operates as a standalone chain with a Proof-Of-Stake consensus mechanism and uses HTE as gas to deliver transactions on chain. As for the Standra chain, it is a ZK-rollup deployed on Ethereum for the SNARK proof-of-validity consensus. This will be the solution for Digital Artist to save gas fees when deploying NFT on the Ethereum mainnet via off-chain solutions.
Layer 2 chains fully inherit Ethereum’s security, decentralization, liquidity, and network effect properties. Some of the other Layer 2 smart contracts like Optimism, Arbitrum, and StarkNet are in early stages and awaiting optimizations until 2022. Optimized Layer 2 chains can incur transaction fees of $0.10 with up to 4 500 transactions per second. A highly optimized Layer 2 like dYdX can even scale up to 12,000 transactions per second.
The Surge is an upgrade to Ethereum, and it consists of several stages that will open the floodgates for layer 2 chains. five or more times. This will likely be implemented towards the end of 2022. The final step is danksharding, where a data layer will be explicitly built to accelerate Layer 2 chains.
Application developers are continually optimizing Layer 2, and it shows with a 30% decrease in transaction fees in January. Layer 2 will continually become cheaper as there is more activity and matures slowly.
Some of the goals that the Hepton team aims to achieve in Q1 2022 will be to launch a website with a docs site. A testnet for the Hepton PoS chain will also be slated for completion. To ensure smooth delivery of development progress, Hepton will conduct an IDO based on the Polygon network and a seed round with private investors.
Apart from this, the Hepton Marketing team is a platform that will continuously provide updates on Hepton and the deployed project. This marketing team will be community-led and serve as a platform for giveaways, asking questions, and educating everyone about Hepton.
Hepton is the next generation Ethereum Layer 2 which is a collective term for solutions designed to help scale user applications by managing transactions outside of the Ethereum mainnet. In addition to that, it also helps by leveraging Mainnet’s robust decentralized security model, commonly referred to as Layer 1.
Name: David Lee Email: [email protected] Organization: Hepton Labs