The leading cryptocurrency exchange platform globally in terms of trading volume has announced an airdrop for a new Ethereum (ETH)-based altcoin.
In a recent update, Binance revealed that it is introducing Caldera (ERA) to its HODLer Airdrops program. Caldera is an application that facilitates the creation of ETH-based layer-2 scaling solutions.
“Binance is thrilled to introduce the 27th project on the HODLer Airdrops page – Caldera (ERA). It represents the internet of rollups, a network of modular, interconnected, and customizable chains.”
The HODLer Airdrops initiative, initiated in 2024, offers rewards to investors holding BNB – the native digital asset of the exchange – with crypto assets based on their previous balance snapshots.
Caldera, self-described as “the internet of chains,” elaborates on its official site that its metalayer empowers developers to effortlessly create interoperable rollups, enhancing the efficiency of the ETH blockchain by processing transactions offline in batches.
“The Metalayer enables developers to leverage the latest advancements in interoperability without being confined to outdated architectures: Instead of grappling with interoperability, focus on building exceptional products. Developers also enjoy faster transactions, reduced costs, and enhanced security as the Metalayer evolves, all without altering their applications.”
As per the company, the metalayer comprises three integral components – the execution layer, which links chains from ETH to Caldera, the settlement layer, enabling swift message transmission between chains, and the development kit, granting developers access to an interoperability toolset.
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Featured Image: Shutterstock/Sabura/Natalia Siiatovskaia