Lens Protocol unveils plan for ZK Stack-powered validium chain | Headlines | News | CoinMarketCap
05/15/2024 14:49Lens 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 …
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 …