Saturday, July 6, 2024

Aave Declares Lens Community L2 Leveraging ZK Stack

Lens Community will host a brand new deployment of Lens Protocol.

Lens Lab, the staff behind Aave’s decentralized social media protocol, Lens, is launching a Layer 2 community designed to help web3 social purposes.

Introduced on Might 14, Lens Community leverages Matter Labs’ modular ZK Stack infrastructure, with Lens planning to construct a hybrid validium and volition Layer 2.

Lens mentioned this design can help the excessive transaction throughput required by mainstream shopper purposes whereas sustaining low-cost charges. Lens Community may also leverage account abstraction to offer gasless and signless transactions to streamline consumer onboarding.

“Lens Community overcomes the scaling limitations of blockchain and might help mass adoption,” mentioned Matter Labs, the staff behind ZkSync. “This breakthrough in scalability delivers a consumer expertise on par with conventional social networks whereas sustaining the advantages of web3: consumer possession, portability, selection, and safe transactions.”

“Lens Community creates a hybrid structure that mixes validium and volition with the ZK Stack on Ethereum,” mentioned Stani Kulechov, founding father of Avara — the guardian firm of Lens and Aave. “This not solely scales however will make the web extra open and honest.”

Lens celebrated its permissionless launch in late February, permitting anyone to create a profile or develop purposes on prime of the protocol.

Each day exercise jumped up from lower than 10,000 transactions per day to round 40,000 following its permissionless launch, whereas Lens’ energetic consumer rely has steadily trended between 800 and 1,500 since November, in accordance with Dune Analytics.

Lens Community rollout

The Lens Community may also host a brand new model of the Lens Protocol meant to function a central hub for Lens customers. The brand new protocol will facilitate integrations with each Ethereum Digital Machine (EVM) and non-EVM suitable blockchains, permitting builders to construct Lens-based social purposes throughout a number of networks.

Avara will deploy Lens Community’s permissionless rollout over three phases, starting with the launch of a validium utilizing ZK compression strategies to make sure information accessibility. Validiums differ from rollups, probably the most prevalent Layer 2 scaling mechanism, by publishing information off-chain to scale back transaction prices and bolster throughput.

Later launch phases will introduce a number of synchronous validium chains enabling social use circumstances involving each private and non-private interactions to guard customers’ privateness, adopted by adopting volition to mix each a zero-knowledge rollup and validium structure for Lens Community.

“Customers will be capable of resolve what they want to share, and the way they work together with purposes,” Matter Labs mentioned.

Lens’ earlier deployment on Momoka, a Polygon-based Layer 3, will proceed to function. Functions will be capable of migrate over to Lens Community as Lens plans to deprecate Momoka.

Utilizing web3 to decentralize social capital

Lens argued that web2 social media platforms “entice” their customers inside walled gardens underneath the management of company giants. Customers are unable to switch their social capital between networks, creating siloed platforms facilitating the seize customers’ information for revenue.

Avara argues that on-chain networks allow social media to take a kind that advantages customers by making it arduous for a single entity to monopolistically management community and consumer information.

“This empowers customers with possession of their social media identification and connections,” Lens mentioned. “With on-chain social networks, customers can freely transfer their information and connections throughout social media purposes.”

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