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Ava Labs is making headlines with a new update for the Avalanche (AVAX) blockchain. The upgrade, dubbed Vryx, promises to handle an eye-popping 100,000 transactions per second (TPS). On Jan. 26, the company shared a sneak peek into this development, which is about making the blockchain run smoother and faster. AVA LABS UNVEILS VRYX SCALING SOLUTION, TARGETS 100,000 TPS ON AVALANCHE Blockchain builder Ava Labs reveals details of its scaling solution , Vryx, aimed at achieving speeds of around 100,000 transactions per second (TPS) on the Avalanche blockchain. Ava Labs plans to… pic.twitter.com/CcVblSlZoY — Mario Nawfal’s Roundtable (@RoundtableSpace) January 27, 2024 This development addresses one of blockchain technology’s most critical and long-standing challenges: scaling networks to handle larger transactions without compromising security or decentralization. Ava Labs expects to initiate this technology on the HyperSDK testnet, a toolkit for building high-performance blo...

The current zero-knowledge (ZK) landscape, while innovative, faces significant challenges, as highlighted in a recent blog post by ZKFair, a new mainnet created by Lumoz.  Issues such as inflated valuations, venture capital dominance, and a lack of differentiation among existing Layer 2 solution s are causing disengagement and manipulation among users. “ZK faces hurdles such as an excessively high valuation, insurmountable barriers to user participation, and often monopolization by VCs,” the post reads, pointing out the need for more equitable and user-centric approaches in the blockchain space. In response to the issues it described, Lumoz announced that its ZKFair project will launch a fully community -owned Layer 2 solution as a testnet on Wednesday, December 6, and mainnet on January 20. ZKFair also announced that the launch will be accompanied by an airdrop that is to distribute 100% of the tokens to the community . A closer look at ZKFair Cryptocurr...