The Future of Blockchain Scalability: Layer 1 vs Layer 2 - TOKEN2049 Singapore 2024
Explore the dynamics of blockchain scalability in this insightful session, "The Future of Blockchain Scalability: Layer 1 vs Layer 2," recorded at TOKEN2049 Singapore 2024. Join esteemed speakers Nicola Stoetter from the Eternity Foundation, Marek Olszewski from Celo, and Anurag Arjun from Avail as they discuss the competitive landscape between Layer 1 (L1) and Layer 2 (L2) solutions, providing an in-depth analysis of current and future trends.
Key highlights of the talk include Marek's transition of Celo from a Layer 1 to a Layer 2 solution, emphasizing scaling advantages and tackling interoperability challenges through real-time proving and synchronous transaction execution across L2s. Anurag outlines how Avail envisions a scalable blockchain future by enhancing developer and user experiences while addressing the complexities of cryptoeconomic security bootstrapping and enabling infrastructure capable of supporting diverse use cases. Nicola reinforces the importance of stable and secure L1 foundations while advocating for improved user interfaces and enhanced interoperability between chains.
This engaging dialogue presents a balanced perspective on the potential of Layer 2 networks to drive blockchain scalability forward, offering insights into how these technologies may reshape economic and social interactions on a global scale.
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