Morph is a Layer 2 solution that deploys Optimistic and Zero-knowledge technology to build up Ethereum. Yet, one of its distinctive features is that it has a Sequencer network that is also decentralized, while both OP Mainnet and Arbitrum aren’t. Such investors as DragonFly Capital, Spartan, and Pantera have already raised $20 million.
What is Morph?
Morph is an Ethereum network layer-2 blockchain, one that implements Optimistic Rollups and zk-Rollups besides a modular architecture. High security and inexpensive transaction validation are, therefore, assured and open for the developers for module integrations that maximize its performance.
Above all, Morph uses the world’s first-ever decentralized sequencer network to enhance efficiency while minimizing the operating costs and, in the process, ensuring absolute decentralization. For instance, Morph uses a decentralized sequencer based on the very solid Tendermint consensus system, which eliminates security issues related to a single centralized sequencer.
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Fundraising And Backer
Layer 2 Morph has raised more than $20M in two rounds of fundraising:
- 11/12/2023: Private round investment by Bitget. No details are disclosed.
- 20/03/2024: The seed round came in at $20M and was led by DragonFly Capital, and further joined by Pantera Capital, Spartan, Sandeep Nailwal – Co-Founder of Polygon, Symbolic Capital, as well as many others.
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Roadmap
- Q1: Deploy Sepolia testnet with psychedelic zkEVM and decentralized sequencers.
- Consequently, the EIP-4844 and zkEVM upgrade will be combined in Q2 on the Holesky testnet.
- Q3: Rollout of mainnet with staking and AI ecosystem support.
- Q4: Updates on the Mainnet, including account abstraction and Layer 3.
The project is on Sepolia Testnet, and it uses zkEVM and Sequencers. Deployment is expected to be live in Q3, following the completion of all the testing processes on the Holesky Testnet in Q2.
Products of Morph
Morph is a Layer 2 solution, offering developers an EVM-compatible environment for the execution of dApps with Solidity. Migration from EVM to Morph should, however be relatively seamless, and projects should port their contracts in no time. So, Morph only recently launched its Testnet; the overall ecosystem is still at the starting line, with limited dApps on the chain known of. From what I was able to see, there’s Bulba Swap-an AMM DEX-and Abra Finance, a lending service.
Morph Airdrop Guide: Step By Step
Step 1: Add Morph Holesky and Ethereum Holesky networks
- Morph Holesky: https://chainlist.org/chain/2810
- Ethereum Holesky: https://chainlist.org/chain/17000
Step 2: Get faucet ETH by one of the following links
- Stakely: https://stakely.io/en/faucet/ethereum-holesky-testnet-eth
- Quicknode: https://faucet.quicknode.com/ethereum/holesky
Note: For Quicknode, at least should have 0.001 ETH on the Ethereum mainnet
Step 3: Get faucet USDT
- Join the project’s Discord: https://discord.com/invite/h9uszybp
- Then, after verification, go to the discord-faucet channel /faucet and paste your wallet address in the box below to receive USDT
Step 4: Join Morph Zoo Season 1: The Genesis Jungle
- Go to: https://www.morphl2.io/points/genesis_jungle/
- Log in with the MetaMask wallet
Step 5: Check-in and vote
- Tap Voting Power to check in and receive points for voting.
- Tap the icon of a gift box to get more points.
Tap Vote Now, then vote for your favourite projects.
Step 6: Interact with dApps
- Scroll down on the website in Step 4 to “Part 1: Discovery Trail.”
- Interact with the projects in this list to acquire Morph Points. The more the interactions, the most Morph Points are going to be accumulated. Morph Points can be claimed when season 1 ends.
Conclusion
Morph is a combination of Optimistic and ZK Rollup technology to form a layer-2 blockchain, which makes the dApps developed on this layer enjoy better scalability and higher security than those on layer-1
CoinCu hopes this Morph Airdrop post will aid you in hunting airdrops from the project. Despite facing various challenges, Morph has been supported by many famous large funds, which reflects that they trust the potential of the project and its future perspective and development.
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