GnosisDAO has approved proposal GIP 153 to transition Gnosis Chain from a standalone Layer 1 blockchain to a ZK-proven Ethereum Economic Zone rollup. This change will retire Gnosis Chain's own validators and rely on Ethereum for transaction settlement and security, targeting a launch around late 2026 or early 2027. The transition aims to improve network sustainability by replacing staking subsidies with network fees and to solve liquidity fragmentation by enabling synchronous interaction with Ethereum contracts. The initial rollout will retain some centralized control and lacks certain features like forced transaction inclusion, with full specifications expected in 2027.
Cryptocurrency markets are experiencing significant gains, with Bitcoin reaching approximately $69,183, up 7.9%, and Ethereum surging 19.3% to $2,259.15. Other notable increases include Ripple (XRP) up 12.7%, Solana (SOL) up 12.5%, and Binance Coin (...
Gnosis (GNO) saw a strong price rally, rising 15.2% to around $114 after briefly reaching a monthly high of $141. This surge was supported by a massive 1,725% increase in trading volume to $15.6 million and a market cap rise above $300 million, pushi...
