The future of Web3: Layer-2 challenges and enterprise adoption
06/20/24 • 32 min
In this episode of Cointelegraph’s Hashing it Out podcast, host Elisha Owusu Akyaw interviews Roy Hui, co-founder and CEO of LightLink, a layer-2 blockchain. Hui discusses the current state of the blockchain industry, the challenges faced by layer-2 solutions, and LightLink’s unique approach to addressing these challenges. Hui emphasizes LightLink’s focus on enterprise adoption and its mission to accelerate the global adoption of Web3 technologies. He also shares insights into LightLink’s partnerships with various brands and its efforts to attract developers and users to its platform.
Timestamps:
(00:00) - Introduction to the episode
(01:42) - Differences, challenges, and saturation of layer-1 and layer-2 blockchains
(02:55) - Roy Hui’s journey into the Web3 space
(04:29) - The evolution of blockchain technology and the significance of Ethereum
(06:34) - The current state of the blockchain industry
(09:16) - The origin of LightLink, economic model, gasless transactions, and how it addresses industry challenges
(14:02) - The blockchain trilemma and layer-2 solutions
(16:20) - Challenges and strategies for building sustainable layer-2 platforms and effective DApps
(19:31) - How LightLink is attracting developers to build on their platform
(21:26) - Enterprise adoption of Web3 technologies
(24:57) - Developer challenges when building layer-2 networks for enterprises
(25:56) - LightLink’s partnerships
(26:33) - Strategy and challenges of conducting airdrops in 2024
(28:20) - Web3 adoption in the APAC region
(30:30) - LightLink’s plans for 2024
The views, thoughts, and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.
In this episode of Cointelegraph’s Hashing it Out podcast, host Elisha Owusu Akyaw interviews Roy Hui, co-founder and CEO of LightLink, a layer-2 blockchain. Hui discusses the current state of the blockchain industry, the challenges faced by layer-2 solutions, and LightLink’s unique approach to addressing these challenges. Hui emphasizes LightLink’s focus on enterprise adoption and its mission to accelerate the global adoption of Web3 technologies. He also shares insights into LightLink’s partnerships with various brands and its efforts to attract developers and users to its platform.
Timestamps:
(00:00) - Introduction to the episode
(01:42) - Differences, challenges, and saturation of layer-1 and layer-2 blockchains
(02:55) - Roy Hui’s journey into the Web3 space
(04:29) - The evolution of blockchain technology and the significance of Ethereum
(06:34) - The current state of the blockchain industry
(09:16) - The origin of LightLink, economic model, gasless transactions, and how it addresses industry challenges
(14:02) - The blockchain trilemma and layer-2 solutions
(16:20) - Challenges and strategies for building sustainable layer-2 platforms and effective DApps
(19:31) - How LightLink is attracting developers to build on their platform
(21:26) - Enterprise adoption of Web3 technologies
(24:57) - Developer challenges when building layer-2 networks for enterprises
(25:56) - LightLink’s partnerships
(26:33) - Strategy and challenges of conducting airdrops in 2024
(28:20) - Web3 adoption in the APAC region
(30:30) - LightLink’s plans for 2024
The views, thoughts, and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.
Previous Episode
Navigating the next wave of Web3 with Anurag Arjun
In this episode, Hashing It Out dives into the evolving landscape of Web3 and blockchain technology with Anurag Arjun, co-founder of Avail. The discussion covers the unification of the Web3 ecosystem, the rise of rollups, the challenges of fragmentation, and the innovations paving the way for mass adoption. Listen to the full episode to explore cutting-edge advancements in decentralized technology and how they can revolutionize the future.
The views, thoughts, and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.
Next Episode
The era of DePINs with Pavel Bains, CEO of Bluzelle
In this episode of Hashing It Out by Cointelegraph, host Owusu Akyaw interviews Pavel Bains, co-founder and CEO of Bluzelle, about decentralized physical infrastructure networks (DePINs). They discuss what DePINs are, why there’s growing interest in them, and the role of storage in this ecosystem. Bains explains how Bluzelle is building a decentralized storage network on top of IPFS, offering better security and redundancy than traditional models. They also touch on the use of AI in managing data storage, the importance of incentives in the Web3 space, and the potential interaction between DePINs and DeFi.Timestamps:
(00:00) - Introduction to the episode
(02:21) - Analysis of the current crypto market, past trends, and prediction of future movements
(07:57) - The concept of decentralized physical infrastructure networks
(09:54) - Rise of DePINs, the reasons behind the hype
(11:16) - Bluzelle’s use of IPFs and comparison with traditional storage models
(15:55) - The importance of storage in the DePIN ecosystem
(17:50) - Challenges in building decentralized storage solutions
(19:59) - The role of AI in data storage, potential applications, and limitations of AI in this space
(24:10) - The importance of providing incentives in Web3 space
(27:30) - The interplay between DeFi and decentralized infrastructure
(29:27) - Future of decentralized infrastructure
The views, thoughts, and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.
Hashing It Out - The future of Web3: Layer-2 challenges and enterprise adoption
Transcript
[00:00:04] Elisha Owusu Akyaw: Did you have the light bulb moment in your head immediately, or did it take a while?
[00:00:10] Roy Hui: It was even on in A Big Bang Theory. Sheldon was just talking about it.
[00:00:14] Elisha Owusu Akyaw: And that really sent shock waves down the entire industry because that’s not effective, and that’s scary.
[00:00:23] Roy Hui: Our mission is to accelerate the world’s adoption of Web3.
[00:00:27] Elisha Owusu Akyaw: What’s up, crypto fam?
If you like this episode you’ll love
Episode Comments
Generate a badge
Get a badge for your website that links back to this episode
<a href="https://goodpods.com/podcasts/hashing-it-out-237110/the-future-of-web3-layer-2-challenges-and-enterprise-adoption-56658482"> <img src="https://storage.googleapis.com/goodpods-images-bucket/badges/generic-badge-1.svg" alt="listen to the future of web3: layer-2 challenges and enterprise adoption on goodpods" style="width: 225px" /> </a>
Copy