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Magic Deepens Relationship with Tezos Foundation by Integrating Etherlink, a Groundbreaking Layer 2 Blockchain
Magic, the leading wallet-as-a-service provider, and Etherlink, a pioneering non-custodial, EVM-compatible Tezos layer 2 solution, are thrilled to announce their integration to bring seamless onboarding to the next generation of blockchain developers and consumers.
By: XTZ News
1 June 2024
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Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
Magic, the leading wallet-as-a-service provider, and Etherlink, a pioneering non-custodial, EVM-compatible Tezos layer 2 solution, are thrilled to announce their integration to bring seamless onboarding to the next generation of blockchain developers and consumers. This integration marks a significant milestone in the advancement of decentralized application (dApp) development, combining the scalability and security of Etherlink with the simplicity and usability of Magic’s wallet SDK.
Rollups and Layer-2 solutions represent a crucial development in the blockchain industry, offering reduced transaction costs, faster transaction speeds, and more efficient resource utilization. However, many developers believe that for more meaningful blockchain adoption, scaling must be achieved with decentralization and censorship resistance at its core.
Etherlink, designed to attract developers and dApps from the EVM space, offers enhanced user and developer experiences with sub-second block times and transaction costs as low as $0.001, while leveraging Tezos’ robust underlying security. Etherlink distinguishes itself by its integration into Tezos layer 1 as an “enshrined” rollup. This unique integration not only fortifies its security by eliminating common smart contract risks, but also grants it the status of a first-class citizen on the Tezos mainnet, offering enhanced underlying infrastructure.
More on Etherlink and its unique attributes can be found on this video here:
“We are excited to continue the momentum with Magic to bring the power of Etherlink to developers,” said Siddharth Singhal, head of BD at Trilitech, the adoption hub for the Tezos blockchain. “By integrating with Magic’s developer-friendly wallet SDK, we are unlocking the full potential of Web3 by enabling developers to quickly create dApps that are scalable and accessible to mainstream users. Also unlocking gasless transactions and having Etherlink as the top five options on the Magic CLI for developers.”
With Etherlink now a supported blockchain on Magic, the future of blockchain-powered applications have access to a powerful toolkit that combines the scalability and security of Etherlink with the simplicity and usability of Magic’s wallet SDK. This integration not only simplifies the development process but also enhances the user experience, paving the way for a new era of decentralized applications that are secure, accessible, and user-friendly.
“Etherlink checks all the boxes for a strong L2 blockchain. Fast block times, cheap transactions, MEV protection and on-chain governance. A community-led protocol that not only enables great UX with high throughput, but also with enhanced decentralization and security. We are absolutely thrilled to partner up and onboard the next billion users to Web3 with the help of Etherlink,” said Sean Li, co-founder and CEO of Magic.
The Etherlink and Magic partnership builds upon the existing relationship to provide commitment to provide solutions to support the growth and adoption of Web3 technologies.
Magic, the leading wallet-as-a-service provider, and Etherlink, a pioneering non-custodial, EVM-compatible Tezos layer 2 solution, are thrilled to announce their integration to bring seamless onboarding to the next generation of blockchain developers and consumers.
The Tezos wallet app for Ledger devices has been updated to version 3.0.3, introducing several significant enhancements that streamline the user experience and increase transaction security. This latest update offers important improvements designed to facilitate safer and more efficient interactions with the Tezos blockchain.
The Tezos Foundation and Magic, the Wallet-as-a-Service provider, have announced a groundbreaking collaboration aimed at revolutionizing the accessibility and usability of Web3 technologies. This strategic partnership will utilize the pioneering decentralized Tezos blockchain and marks a significant milestone in the journey towards a more inclusive and user-friendly decentralized web experience.
Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.
Our articles due not endorse any projects/applications, nor due they constitute any financial advice. They are provided to simply inform our readers with readily available information that has been provided elsewhere.
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The Tezos wallet app for Ledger devices has been updated to version 3.0.3, introducing several significant enhancements that streamline the user experience and increase transaction security. This latest update offers important improvements designed to facilitate safer and more efficient interactions with the Tezos blockchain.
The Tezos Foundation and Magic, the Wallet-as-a-Service provider, have announced a groundbreaking collaboration aimed at revolutionizing the accessibility and usability of Web3 technologies. This strategic partnership will utilize the pioneering decentralized Tezos blockchain and marks a significant milestone in the journey towards a more inclusive and user-friendly decentralized web experience.
In a recent integration, teams within the Tezos ecosystem have enabled more than 30 million MetaMask users to connect to the Tezos blockchain. This collaboration expands the utility of MetaMask, one of the most popular digital asset wallets, to encompass the Tezos blockchain.
