NibooyyRegarding the impact of PROM tokens on layer 2 scaling solutions, PROM was a token launched by the…Governance: PROM token holders can vote on protocol upgrades, parameter changes, and other governance proposals for Optimism. This allows…Jul 22Jul 22
NibooyyAbsolutely, here’s what I found about Prom token and its role in layer 2 bridges:Prom Token: Powering the Prom zkEVM EcosystemJul 15Jul 15
NibooyyProm is designed as a versatile component within the blockchain ecosystem, primarily focusing on…The technology behind Prom, particularly its use of zero-knowledge proofs via zkSNARKs, plays a significant role in reducing transaction…Jul 8Jul 8
NibooyyHere are some interesting things about the PROM token in the context of Layer 2:Interoperability Bridge: Unlike many Layer 2 solutions that focus on Ethereum (EVM) compatibility, PROM aims to bridge the gap between EVM…Jul 2Jul 2
NibooyyDespite the initial search indicating a lack of key events for Prom, the description of its…The introduction of Prom’s zkSNARKs technology for reduced costs and enhanced scalability marks a pivotal advancement in making blockchain…Jul 1Jul 1
NibooyyProm’s token, $PROM, has the potential for uniqueness within the layer-2 space based on Prom’s…Multichain focus: Unlike many layer-2 tokens that function within a single blockchain ecosystem, $PROM aims to be multichain, facilitating…Jun 30Jun 30
NibooyyIn June 2024, there have been notable insights related to the $PROM token:Zero-Knowledge Proofs (ZKP):Jun 29Jun 29
NibooyyYes, the PROM token is indeed associated with a layer 2 protocol called Prom.Prom Layer 2 ProtocolJun 28Jun 28
NibooyyHow does the governance model supported by PROM token impact decision-making within the Prom zkEVM…The governance model supported by the PROM token plays a significant role in decision-making within the Prom zkEVM ecosystem. PROM token…Jun 27Jun 27
NibooyyProm’s zkEVM Layer 2 solution offers several advantages and unique features within the DeFi space:Addressing Scalability and Cost:Jun 26Jun 26