Kraken's Ink Layer-2 blockchain has been launched on the Ethereum mainnet ahead of schedule, using Optimism's OP Stack technology to boost scalability and compatibility within Ethereum’s ecosystem.
What is the Ink Layer-2 Network?
The Ink Layer-2 network was officially introduced on Wednesday, advancing its launch by several months. Built upon the modular framework of Optimism’s OP Stack, Ink is designed to improve Ethereum's scalability and application versatility.
Who Supports Ink’s Growth?
Kraken has partnered with the Optimism Foundation, securing around 58 million OP tokens to bolster Ink's adoption and integration into the broader “Superchain” ecosystem. The launch also features support from various decentralized applications like Curve and Frax, highlighting the network’s commitment to DeFi versatility.
Impact on Ethereum Ecosystem
Significant aspects of Kraken’s Ink Layer-2 launch include initial support from decentralized applications like Curve and Frax. Integration of features such as permissionless proof-of-error is planned by January 2025. Kraken continues to set new standards for on-chain experiences while addressing ongoing legal challenges with the SEC regarding digital asset policies.
The launch of the Ink Layer-2 network marks a pivotal moment in the competitive landscape of Ethereum’s expanding ecosystem, showcasing the potential for enhanced user experience and liquidity.
