Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Lens Protocol unveils plan for ZK Stack-powered validium chain

Lens Protocol unveils plan for ZK Stack-powered validium chain

The BlockThe Block2024/05/15 07:34
By:The Block

Lens Lab plans to create its own EVM-compatible Layer 2 network called Lens Network. Lens Network will be a validium chain, utilizing zkSync’s Layer 2 development stack known as ZK Stack.

Lens Lab, part of the web3 project Avara and the core developer of the social graph Lens Protocol, has proposed the development of Lens Network, its own EVM-compatible Layer 2 network.

Lens Network will be an EVM-compatible Validium chain developed using zkSync’s Layer 2 development stack called ZK Stack. 

The transition to Lens Network will roll out in three phases: starting with a Validium chain on Ethereum. This will be followed by introducing a data availability provider, and finally integrating Volition to enhance security and user control over transactions.

Validium and Volition are blockchain scaling solutions that utilize zero-knowledge (ZK) proofs but have different security assumptions.

“Lens Network creates a hybrid architecture that combines Validium and Volition with the ZK Stack on Ethereum. This not only scales but will make the internet more open and fair,” said Stani Kulechov, founder of Avara.

Until now, the project has used the Polygon POS chain to settle transactions and previously developed its own scaling solution called Momoka .

What is Lens?

Lens is described as a social graph, which refers to a decentralized and user-owned map of connections and relationships between individuals and entities. NFTs that serve as user profiles allow users to interact with decentralized applications within its ecosystem.

The design of Lens-based dapps prevents any single entity from exercising control over the content.

The Lens Network will power a new version of the Lens Protocol, which will serve as a central hub for Lens users. This hub will seamlessly integrate with other EVM and non-EVM blockchains.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

TON holders expected to top Ether’s by year-end

Share link:In this post: TON is on track to surpass Ethereum’s holder count by December, growing at 500,000 new holders daily. If growth slows, TON could still pass Ethereum’s count by early 2025, despite ETH’s gradual increase. TON’s Sharpe Ratio is dropping, signaling lower volatility and less risk, but investors are watching BTC for further cues.

Cryptopolitan2024/10/26 17:55