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.
Read More: Ethereum Layer 2 Protocol Loopring Faces Security Breach in Smart Wallets!
Layer 2 Morph has raised more than $20M in two rounds of fundraising:
Read More: Zircuit Review: Layer 2 with AI-enabled security
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.
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.
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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.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Ramat Gan, Israel, 14th November 2024, Chainwire
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