LightLink, a Layer 2 blockchain solution on the Ethereum network offering real-time gas-free transactions for dApps and enterprises, has announced the successful integration of its Hummingbird client with the Celestia Mainnet. This partnership aims to improve scalability and reduce transaction costs, marking a significant milestone in LightLink’s journey towards achieving 10,000 TPS.
The collaboration with Celestia brings several benefits to LightLink, including lower storage costs and enhanced security. By leveraging Celestia’s distributed ledger infrastructure, LightLink aims to create a more cost-effective and secure blockchain environment.
Currently, LightLink is accumulating a vast amount of data on the celestial test net, leading to substantial storage requirements. However, thanks to its efficient fee schedule and Celestia’s cost-effective algorithm, LightLink enjoys relatively low storage fees.
Roy Hui, the co-founder and CEO of LightLink, emphasized the strategic importance of partnering with Celestia. He highlighted how this collaboration will reduce costs compared to Ethereum, allowing LightLink to offer reduced transaction fees to users. The ultimate goal is to create a faster, more accessible, and reliable blockchain platform that addresses the issue of high gas fees on Layer 1 protocols.
In a significant development, LightLink secured $11.5 million in funding for its gasless architecture research. The Hummingbird client, which plays a crucial role in ensuring data availability and protection from attacks, will be followed by the development of Blobstream. This modular data flow tool will enhance data availability for Layer 2 networks, enabling LightLink to build interactive applications and games for community validators, further strengthening its ecosystem.
In addition to these advancements, LightLink recently launched its token, $LL, and successfully completed its seed funding round. The funds raised will be utilized to continue research on gasless architecture for blockchains and to provide efficient solutions that are accessible to all.