Published on september 23, 2024, 12:34 am
Image source: Fox News
```json [ { "TLDR": "Eclipse aims to revolutionize the cryptocurrency world by combining Ethereum's security, Solana's speed, and Celestia's data storage capabilities in its upcoming mainnet launch in October. The CEO disclosed plans at a recent conference, highlighting their vision to address existing blockchain challenges and compete with other Layer 2 solutions. Eclipse plans to integrate popular Solana apps and develop native apps to quickly gain traction in the competitive cryptocurrency landscape." } ] ```
Eclipse is gearing up to revolutionize the cryptocurrency world by aiming to bring “Web2 scale to Web3” through an innovative approach. By amalgamating Ethereum’s security, Solana’s speed, and Celestia’s data storage capabilities, Eclipse is set to launch its groundbreaking mainnet in October.
Vijay Chetty, the CEO of Eclipse Labs, recently disclosed plans for the public mainnet launch towards the end of October during an interview at the Solana Breakpoint conference held in Singapore on September 20. The vision behind Eclipse is to combine the strengths of Ethereum, Solana, and Celestia into a unified platform that avoids the shortcomings of each blockchain component.
Chetty emphasized that by leveraging Solana’s speed and Ethereum Layer 2 solutions’ higher transaction throughput while integrating Celestia for enhanced data storage capabilities, Eclipse aims to address critical challenges faced by existing blockchain networks. Notably, integrating Celestia could potentially resolve issues related to off-chain data storage due to cost concerns prevalent in many blockchains.
Despite entering a fiercely competitive Ethereum Layer 2 landscape dominated by solutions like Arbitrum One, Base, and OP Mainnet with significant total value locked figures according to L2Beat data, Eclipse remains undeterred. To gain traction quickly, Eclipse plans to integrate established Solana applications and develop native apps as part of its strategic roadmap.
Some noteworthy Solana apps expected to transition over to Eclipse include Mango and Orca decentralized exchanges and the lending-borrowing platform Solend. Additionally, these apps may undergo rebranding under different names upon integration with Eclipse. This move signifies Eclipse’s strategic positioning in leveraging the strengths of established platforms while propelling its unique offerings within the competitive cryptocurrency ecosystem.
Original article posted by Fox News
