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Reading: Lens Lab Develops Lens Network for Decentralized Social Media
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COINTURK NEWS > Blockchain News > Lens Lab Develops Lens Network for Decentralized Social Media
Blockchain News

Lens Lab Develops Lens Network for Decentralized Social Media

In Brief

  • Lens Lab proposed developing the EVM-compatible Layer-2 Lens Network.

  • Lens Network will integrate Validium and Volition for enhanced security.

  • Lens Protocol faces community criticism, affecting user numbers.

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COINTURK NEWS 2 years ago
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Web3 project Avara’s component and the main developer of the decentralized social media application Lens Protocol, Lens Lab, proposed the development of its own Ethereum Virtual Machine compatible Layer-2 network, Lens Network. Lens Network will serve as an EVM-compatible Validium network developed using zkSync’s ZK Stack Layer-2 development roll-up.

Contents
What to Expect for Lens Network?Notable Details for Lens

What to Expect for Lens Network?

Lens Network transition will occur in three stages: starting with a Validium network on Ethereum. This step will be followed by the introduction of a data availability provider and finally the integration of Volition to enhance security and user control over transactions.

Validium and Volition are known as blockchain scaling solutions using zero-knowledge (ZK) proofs but with different security assumptions. Avara’s founder Stani Kulechov shared the following statements on the subject:

“Lens Network creates a hybrid architecture combining Validium and Volition with the ZK Stack on Ethereum. This will not only scale but also make the internet more open and fair.”

So far, the project has been using the Polygon POS network for transactions and had previously developed its own scaling solution called Momoka.

Notable Details for Lens

Lens is defined as a social graph representing decentralized and user-owned connections and relationships between individuals and entities. NFTs serving as user profiles allow users to interact with decentralized applications within its ecosystem. The design of Lens-based dapps successfully prevents any entity from having control over the content.

Lens Network will power a new version of the Lens Protocol, serving as a central hub for Lens users. This hub will seamlessly integrate with other EVM and non-EVM blockchain networks.

Although Lens Protocol has recently made notable strides, it continues to be a target of criticism from the community. The processes handled by the team have been frequently criticized by the airdrop-focused community, leading to a decrease in the number of users within the ecosystem.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 15 May, 2024 - 1:34 pm 15 May, 2024 - 1:34 pm
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