Coinbase’s Chosen Blockchain Brand Sees Zero Threat from Zero Knowledge

Big crypto companies like Coinbase, Binance, and a16z are choosing OP Stack, a software building block created by Optimism, for their own layer-2 blockchain solutions despite the popular belief that zero-knowledge (ZK) rollups are the future of scaling Ethereum. The flexibility of OP Stack and the ease of implementation are key factors in this decision, with the expectation that companies will eventually migrate to ZK rollups once they are readily available.

coindesk.com

Relevant topic timeline:

8/29/2023

Polygon Releases 'Chain Development Kit' for ZK-Powered Networks on Ethereum

Polygon has released an open-source toolkit called Chain Development Kit (CDK) that allows developers to build blockchains with zero-knowledge (ZK) proofs, enabling interoperability between different chains. This move comes as other layer 2 solutions are also releasing their own ZK-powered toolkits. Polygon aims to create a "Value Layer" that makes value transfer as seamless as information exchange over the internet.

9/13/2023

Binance Launches Optimism-Powered opBNB on Mainnet to Provide Faster, Cheaper Transactions for BNB Chain

Binance's layer-2 scaling platform, opBNB, has been publicly launched, offering faster transactions and lower gas fees for decentralized applications running in the BNB Chain ecosystem.