Layer 2 Solutions – Page 2

Polygon to Democratize NFT Interactions by Improving Approachability

May 19, 2021 by DIGIT

To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity Chain’s gas costs. Layer 2 Solution to Make Ethereum-Based NFTs More Accessible Non-fungible tokens (NFTs) remain the talk of the town, intriguing crypto enthusiasts and … Read more

IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract

September 11, 2020 by DIGIT

The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency transactions. The United States tax agency wants to obtain a solution to … Read more