The post Deutsche Bank focuses on Ethereum Layer-2 solutions appeared on BitcoinEthereumNews.com.

Deutsche Bank, one of the major European banking groups, is exploring various Layer-2 solutions on Ethereum. Among these, ZKsync stands out, with the goal of optimizing digital transactions and offering a wider range of services in the field of digital assets. Why Layer-2 solutions on Ethereum are strategic for Deutsche Bank The interest of Deutsche Bank in blockchain is not a recent phenomenon. For some time, the German institution has been investing in research and development to understand the opportunities offered by the digitalization of financial services.  With the growing adoption of cryptocurrencies, NFTs, and tokenized assets, the bank has identified the need for a more efficient, scalable, and secure infrastructure. Blockchain technology, and in particular Layer-2 solutions on Ethereum, represent a privileged channel to make transactions faster, less expensive, and more reliable. The Ethereum ecosystem is one of the most established in the blockchain landscape. However, the limitations in terms of scalability and transaction costs (high gas fees) have driven developers to create Layer-2 solutions to ease the main network.  A significant example is ZKsync, a platform that uses zero-knowledge rollup (ZK-rollup) technology to aggregate hundreds of transactions into a single operation on the mainnet. This approach drastically reduces costs and increases transaction speed. According to Deutsche Bank, adopting Layer-2 solutions like ZKsync means being able to handle large volumes of digital transactions with reduced costs and greater efficiency. This could translate into cutting-edge financial services, from the issuance of digital tokens backed by real assets, to the creation of custody and transfer tools for cryptocurrencies in a simple and secure way. The custody of digital assets as a new frontier for Deutsche Bank Another key aspect on which Deutsche Bank is focusing its efforts is the custody of digital assets. Layer-2 solutions on Ethereum facilitate not only transactions…

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Filed under: News - @ December 20, 2024 11:28 am