LightLink, a Layer 2 blockchain solution on the Ethereum network, is changing the game by offering real-time, gas-free transactions for dApps and enterprises. Recently, they announced the successful integration of their Hummingbird client with the Celestia Mainnet. This collaboration aims to boost scalability and reduce transaction costs, marking a significant milestone in LightLink’s journey towards achieving a remarkable 10,000 transactions per second (TPS).
The partnership with Celestia brings a range of benefits for LightLink, including cost reduction in storage and enhanced security. By leveraging Celestia’s distributed ledger infrastructure, LightLink aims to create a more affordable and secure environment within the blockchain space.
Currently, LightLink is generating a substantial amount of data on the celestial test net, leading to significant storage requirements. Despite this, LightLink is able to keep storage fees relatively low thanks to its efficient fee structure and Celestia’s cost-minimizing algorithm.
Roy Hui, co-founder, and CEO of LightLink, emphasized the strategic significance of teaming up with Celestia. He highlighted how this collaboration will help lower costs compared to Ethereum, enabling LightLink to offer reduced transaction fees to its users. The ultimate goal is to establish a faster, more accessible, and reliable blockchain platform that addresses the issue of high gas fees on Layer 1 protocols.
In a quest to further enhance their offerings, LightLink recently secured $11.5 million in funding for research into gasless architecture. Their Hummingbird client plays a crucial role in ensuring data availability and protecting it from potential attacks. Additionally, LightLink plans to introduce Blobstream, a modular data flow tool that will enhance data availability for Layer 2 networks. This will empower LightLink to develop interactive applications and games for community validators, thereby strengthening its ecosystem.
Alongside these developments, LightLink also launched its token, $LL, and successfully completed its seed funding round. The funds raised will be utilized to advance research in gasless architecture for blockchains and continue to provide efficient solutions that are accessible to all.