TL;DR
- The launch of the new SocialFi Lens Network, based on zkSync technology from ZK Stack, is advancing, aiming to enhance capabilities and improve user experience.
- Collaboration with Matter Labs is crucial for this transition, enabling faster transaction speed and network efficiency, thus enhancing security and reliability.
- Additionally, they plan to develop their own Layer-2 network compatible with EVM, known as Lens Network, integrating Validium and Volition to increase security and user control over transactions.
Lens is advancing with the launch of its new platform, the SocialFi Lens Network, based on zkSync technology from ZK Stack. This transition marks a significant achievement in the platform’s development, as it seeks to enhance its capabilities and improve the user experience.
Developed under Avara, the network has decided to migrate to Layer-2 development, integrating Matter Labs’ ZK Stack technology. This will enable high-capacity and cost-effective transactions, ushering in a new era of social interaction on the blockchain. Lens stands out for its focus on data ownership and privacy, setting a higher standard in the construction of decentralized social networks.
Introducing Lens Network. Bringing one billion users to Ethereum. pic.twitter.com/Dg2otL52pD
— Lens (@LensProtocol) May 14, 2024
The collaboration with Matter Labs is crucial in this process. The integration of ZK Stack will allow for faster transaction speed and greater network efficiency, enhancing the user experience and fostering a safer and more reliable environment.
Lens Lab Establishes New Standards in SocialFi Networks
On the other hand, they have also announced plans to develop their own Layer-2 network compatible with EVM, known as Lens Network. This network will be an EVM-compatible Validium chain developed using zkSync’s Layer-2 development stack, ZK Stack. The transition to the Network will be carried out in three stages, starting with a Validium chain on Ethereum and then integrating Volition to increase security and user control over transactions.
The introduction of the Network is part of its vision to build a network of SocialFi applications. It will allow for greater interoperability with other blockchains and serve as a central hub for users, integrating with both EVM and non-EVM blockchains, thus opening up new opportunities for decentralized application development.
With these initiatives, Lens Lab reaffirms its commitment to innovation and technological advancement in the blockchain space, moving towards the construction of a safer, more private, and interoperable social network.
