The leading cryptocurrency exchange platform globally in terms of trading volume has just announced an airdrop for a new Ethereum (ETH)-based altcoin.
In a recent update, Binance disclosed its addition of Caldera (ERA) to its HODLer Airdrops initiative. Caldera is an application that facilitates the development of ETH-based layer-2 scaling solutions.
“Binance is thrilled to introduce the 27th project on the HODLer Airdrops page – Caldera (ERA). It serves as the internet of rollups, offering an ecosystem of modular, interconnected, and customizable chains.”
The HODLer Airdrops program, initiated in 2024, incentivizes investors holding BNB – the native digital asset of the exchange – with crypto assets based on previous snapshots of their balances.
Describing itself as “the internet of chains,” Caldera explains on its official website that its metalayer enables developers to effortlessly create interoperable rollups, streamlining the ETH blockchain by batch processing transactions offline.
“The Metalayer empowers developers to leverage the ongoing advancements in interoperability without the need to adapt their app or protocol to outdated architecture: Focus on building exceptional products instead of worrying about interopability. Developers also enjoy faster transactions, reduced costs, and enhanced security as the Metalayer evolves, all without altering their app.”
According to the company, the metalayer comprises three complementary systems – the execution layer, linking chains from ETH to Caldera, the settlement layer, facilitating rapid message transmission between chains, and the development kit, offering developers an interoperability toolchain.
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Featured Image: Shutterstock/Sabura/Natalia Siiatovskaia
