Morph Network will launch Mainnet and Staking Functions this Q3; Account Abstraction and Layer 3 Support Upgrades Soon
CryptoNewsTerminal Staff11 Aug, 2024
Morph Network will launch Mainnet and Staking Functions this Q3; Account Abstraction and Layer 3 Support Upgrades Soon
Ever since its testnet launch, the community of the Ethereum Layer 2 blockchain, Morph Network, has been eagerly waiting for the launch of its mainnet. And there is a cause of celebration as Morph Network's CEO, Cecilia Hsueh, has announced at a summit that the network’s mainnet and staking functions will be launched in the forthcoming Q3 of this year. Revealing further about their roadmap, Cecilia added that following the launch of the mainnet, Morph Network plans to implement account abstraction and layer 3 support upgrades in Q4 of this year. The account abstraction upgrade will make it easier for users to interact with the network by eliminating the need for complex cryptography. With these upgrades, Morph Network is positioning itself as a major player in the Ethereum Layer 2 space. The network’s focus on scalability and security makes it an attractive option for developers and users alike. The upcoming upgrades will further enhance the network’s capabilities and make it even more competitive in this rapidly growing market.
