Layers on Layers: L2/L3 Narrative and Value Capture - TOKEN2049 Singapore 2023
Explore the intricacies of L2 and L3 layers with leading experts in blockchain technology in this engaging session from TOKEN2049 Singapore 2023. Titled "Layers on Layers: L2/L3 Narrative and Value Capture," this panel assembles thought leaders from prominent blockchain projects, including Celo, Mento, Avail, and Celestia, to discuss the evolving landscape of blockchain scalability and the economic implications of transitioning to Layer 2 (L2) and Layer 3 (L3) protocols.
Mark, co-founder of Celo, reveals exciting plans to evolve Celo from a Layer 1 protocol to a Layer 2, focusing on maintaining low gas fees and preserving decentralization while achieving greater scalability. Derek, from Mento, outlines the potential of Ethereum's modular capabilities in achieving hyperscalability via a distinctive three-layer architecture. Anurag of Avail and Nick from Celestia explore the transition toward a modular blockchain era, emphasizing the crucial role of data availability in empowering roll-ups to facilitate unprecedented blockchain scalability.
This insightful discussion sheds light on the balance between minimizing trust, enhancing security, and tackling scalability challenges. Hear the panelists deliberate on value capture within the various network layers and how these innovations can potentially reshape the blockchain landscape, shifting how value accrues from traditional layers to more nuanced, integrated approaches.
For experts, enthusiasts, or anyone interested in blockchain technology's future, this video is essential viewing. Don't forget to like, comment, and subscribe for more content highlighting the cutting-edge of blockchain technology and innovation.
