VC Giant A16Z introduces a new Rollup client for optimism called Magi

VC Giant A16Z introduces a new Rollup client for optimism called Magi

On April 19, the VC-Riese Magi announced a new Rollup client for the Ethereum Layer 2 E-Ecosystem, Optimism.

It found that customers are important for Ethereum and is of crucial importance for layer-2 and rollups.

"Several independent client implementations can help to ensure the safety and liveliness of the network," said the company.

Magi is an OP stack rollup client that is written in the Rust programming language.

The software acts as a consensus client that feeds the execution client new blocks to promote the chain.

The motivation of A16Z behind the publication was to promote the variety of customers in the rapidly growing Layer 2 E-Ecosystem.

The company said that there is currently a roll-up client implementation; OP nodes. Magi will be an independently developed drop-in replacement for the op-node and increase the client variety of the rollup, it said before adding:

"We hope that the structure of this new, based on Rust leads to more security and liveliness throughout the OP stack and brings more participants to the ecosystem."

Optimism is the second most popular layer 2 scaling solution from Ethereum. According to L2Beat, it has a blocked total value of $ 2.09 billion, which is currently an all-time high.

In addition, the TVL has increased by 83 % in the network since the beginning of the year. The EVM compatible Optimistic Rollup chain has a layer 2 market share of 21 %. His native surgical token decreased by 6.8 % on this day and was traded at $ 2.50 at the time of the writing of this article.

Arbitrum One is L2 market leader with a share of 66 % for a TVL of $ 6.58 billion.

The TVL for the entire L2 ecosystem is just under $ 10 billion and cools down this week from an all-time high because the cryptoma markets correct.

withdrawal of the cryptoma markets

The cryptoma markets began their long overdue correction during the Asian trading session on Thursday morning. As a result, according to Coingecko, the entire market capitalization fell 5 % to $ 1.26 trillion.

Bitcoin was beaten at $ 30,000 and fell by 4.5 % to $ 28,857 at the time of the writing of this article. The solid support for BTC is just above the price zone of $ 28,000.

Ethereum had to accept a greater break -in from 6.7 % to $ 1,949, and many of the remaining old coins were deeper in the minus.

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