Morph accelerates consumer blockchain adoption by activating its mainnet on Ethereum.
Alyssa Davidson
Posted: Oct 30, 2024 11:22 AM Updated: Oct 30, 2024 11:22 AM
Correction and fact check date: October 30, 2024, 11:22 AM
briefly
Morph launches mainnet, providing developers with a scalable, secure, and user-friendly blockchain experience while unlocking the potential for consumer app development.
Morph, an Ethereum Layer 2 consumer blockchain, announced its mainnet launch with the goal of catalyzing next-generation applications that will appeal to mass users.
Morph’s consumer tier is designed to address the fundamental barriers preventing blockchain adoption. This allows ecosystem participants to trade real assets and conduct transactions efficiently. Projects currently in development on Morph can now migrate to mainnet to continue improving the technology.
The Morph consumer layer represents a well-structured ecosystem that integrates various technologies, services, and capabilities and leverages both optimistic and zero-knowledge rollups to improve security and performance. The newly launched mainnet provides builders with a scalable, secure, and user-friendly blockchain experience for non-cryptocurrency users, opening up possibilities for consumer application development.
The mainnet promises to deliver high performance through optimistic and zero-knowledge rollup implementation. It includes features like EIP-4844 to reduce transaction costs and facilitate efficient withdrawals through single transaction bridging.
Morph also aims to provide developers with essential resources to prioritize consumer needs. The comprehensive Builder ecosystem now offers direct access to major exchanges through a centralized exchange federation, funding opportunities through the VC Alliance network, extensive incubation and acceleration support, marketing and user acquisition support, and technical guidance and resources.
Morph’s mainnet builds on the success of the Holesky Testnet with 6 million wallets and 100 million transactions.
Morph’s mainnet launch follows the previous Holesky testnet, which demonstrated strong user interest by generating over 6 million unique wallet addresses. Additionally, the testnet facilitated over 100 million transactions, proving the reliability of the network.
With over 200 projects currently in development, Morph demonstrates the growing demand for consumer-focused blockchain solutions, supported by a community of over 1 million members aligned with its vision.
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About the author
As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
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Alyssa Davidson
As MPost’s resident journalist, Alisa specializes in the broad areas of cryptocurrencies, zero-knowledge proofs, investing, and Web3. With a keen eye for new trends and technologies, she provides comprehensive coverage to inform and engage readers about the ever-evolving digital financial landscape.
more articles