Ethereum

Based

2024

April

Security

<h2 class="wp-block-heading" id="puffer-finance-to-unveil-its-based-rollup-solution-puffer-unifi">Puffer Finance to Unveil Its Based Rollup Solution Puffer UniFi</h2>
<p>Puffer Finance, a liquid restaking protocol on EigenLayer, ha revealed its based rollup solution Puffer UniFi. This forward rollup solution is designed to solve urgent issues like liquidity fragmentation on the Ethereum blockchain by creating a unified liquidity layer. Furthermore, it supports synchronous composability between various blockchain applications, offering significant improvements to both the transaction efficiency and economic sustainability.</p>
<h2 class="wp-block-heading" id="puffer-unifi-to-integrate-ethereum-s-security">Puffer UniFi to Integrate Ethereum’s Security</h2>
<p>The Puffer Finance team in the release note last Monday features the claim that they intend to incorporate the base rollup solution in the <a href="https://btc-pulse.com/messari-ceo-challenges-sec-oversight/" rel="noopener noreferrer nofollow">Ethereum </a>layer-1 network. By this integration, companies are able to develop decentralized applications (dApps) on their personal app-chains with total autonomy and independence. At the same time, they can rely on Ethereum as the robust technology platform with a wide web of decentralized DNS architectures and the security system to be rejoiced among others through it.</p>
<p>Through the use of Ethereum’s established security protocols and the provision of a substantially improved user experience, them UniFi can clearly participate in cryptocurrency adoption across the board. Rollups, such as UniFi, can bypass scalability problems by moving transactions off-chain and grouping them into one <a href="https://x.com/puffer_finance/status/1809266399808012544" target="_blank" rel="noopener noreferrer nofollow">transaction</a>, which is then settled on the main blockchain.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f527.png" alt="🔧" class="wp-smiley" style="height: 1em; max-height: 1em;"> Based Rollup Architecture<br><br>UniFi leverages L1 sequencing and integrates preconfirmations from Puffer's restaked validators.<br><br>This allows UniFi to scale from a centralized sequencer to a decentralized network while maintaining fast, cheap, and reliable transactions. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>3/10 <a href="https://t.co/zo62fBHQyT" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zo62fBHQyT</a></p>— Puffer Finance <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f421.png" alt="🐡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@puffer_finance) <a href="https://twitter.com/puffer_finance/status/1809266399808012544?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="leveraging-layer-1-sequencing-and-restaked-validators">Leveraging Layer-1 Sequencing and Restaked Validators</h2>
<p>Them UniFi melds the advantages of Layer-1 sequencing with pre-confirmations brought in by them Finance’s restaked validators and thereby is ready to use the centralized sequencer to become fully or mostly decentralized. Hence, it ensures the rollup can facilitate speedy, economical, and secure transactions.</p>
<p>“Amir, a principal contributor to Puffer, explained, “At Puffer we deal with the fragmentation of Ethereum by changing the way transactions are sequenced in a way that benefits the Ethereum. UniFi is not the only rollup; it is rather the reason for the existence of a unified Ethereum <a href="https://btc-pulse.com/house-to-revisit-crypto-regulation-bill-vetoed-biden/" rel="noopener noreferrer nofollow">system </a>which has a very good user experience in order to attract the next billion users.””</p>
<h2 class="wp-block-heading" id="substantial-increase-in-funds-for-puffer-finance">Substantial Increase in Funds for Puffer Finance</h2>
<p>Back in April this year them Finance was successful in the closing of an 18-million-dollar series A funding round, which is projected to back the mainnet launch of them UniFi. This substantial financial support is a clear testament to the faith that the investors have in them vision and the potential of its technology to revolutionize the market.</p>
<p>The combat of them UniFi has led to an important stage in the technological progress of blockchain and particularly the addressing of the long-standing problems of liquidity fragmentation on Ethereum. Through the (budget) efficient process and the resources optimized resulting in economic viability, the Puffer UniFi is expected to bring radical changes to the Ethereum and the beyond.</p>

Puffer Finance Unveils Revolutionary Rollup Solution: Puffer UniFi

Table of Contents

BTC-Pulse

Other articles published on Jul 9, 2024

Grayscale Announces Distribution Date for ‘Mini’ Ethereum ETF Shares

Cryptocurrency Bittensor Rises More Than 15% In 24 hours

Cardano Releases Node 9.0 for Hard Fork

Ethereum Launches First-Ever Attackathon with $2M Prize Pool

DePINs To Bring Billions Of Dollars To Crypto Space. But What Is DePIN In The First Place?

Best Airdrops for Free Tokens Today

Join our free newsletter for daily crypto updates!