WORLDTECH NEWS Global technology intelligence.Contact
โ† Back to WORLDTECH
Bitcoin & Crypto DEVELOPING

Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue

Blue plastic wires with white tips connected to server and provide access to information
Illustrative photo.Photo by Brett Sayles on Pexels

What happened

Ethereum L2 (a network built on top of a blockchain to make transactions cheaper) Blast is winding down after costs outpaced revenue.

Sources & evidence