Major Update Announced by Lens Lab, the Developer of Web3 Project Lens Protocol (LENS)

  • Lens Lab, the developer of Lens Protocol, has announced plans to develop its own EVM-compatible Layer 2 network known as Lens Network.
  • Lens Network will be an EVM-compatible Validium chain developed using zkSync’s Layer 2 development stack ZK Stack.
  • “Lens Network is creating a hybrid architecture that combines Validium and Volition with the ZK Stack on Ethereum. This will not only scale, but it will also make the internet more open and fair,” said Avara’s founder Stani Kulechov.

Lens Lab announces plans to develop its own EVM-compatible Layer 2 network, Lens Network, set to revolutionize the internet by making it more open and fair.

Lens Protocol Announces Plan for ZK Stack Backed Validium Chain

Lens Network, a project of Lens Lab, the main developer of the social graph Lens Protocol and a significant component of the Web3 project Avara, will be an EVM-compatible Validium chain developed using zkSync’s Layer 2 development stack ZK Stack. The transition to Lens Network will be carried out in three stages: starting with a Validium chain on Ethereum, followed by the introduction of a data availability provider, and finally, the integration of Volition to increase security and user control over transactions.

Hybrid Architecture for Enhanced Scalability and Fairness

Validium and Volition are blockchain scaling solutions that use zero-knowledge (ZK) proofs, but operate under different security assumptions. “Lens Network is creating a hybrid architecture that combines Validium and Volition with the ZK Stack on Ethereum. This will not only scale, but it will also make the internet more open and fair,” said Avara’s founder Stani Kulechov. The project has so far used the Polygon POS chain to carry out transactions and had previously developed its own scaling solution called Momoka.

Decentralized Social Graph and User Interaction

Lens is defined as a decentralized and user-owned map of connections and relationships between individuals and assets. NFTs serving as user profiles allow users to interact with decentralized applications within the ecosystem. The design of Lens-based dapps prevents any asset from having control over content.

Conclusion

The new version of Lens Protocol, which will serve as a central hub for Lens users, will be supported by Lens Network. This hub will seamlessly integrate with other EVM and non-EVM blockchains, further enhancing the versatility and benefit of the Lens ecosystem. With its focus on enhanced scalability, security, and user control, Lens Network is poised to revolutionize the internet by making it more open and fair.

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Jocelyn Blake
Jocelyn Blakehttps://en.coinotag.com/
Jocelyn Blake is a 29-year-old writer with a particular interest in NFTs (Non-Fungible Tokens). With a love for exploring the latest trends in the cryptocurrency space, Jocelyn provides valuable insights on the world of NFTs.
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