Lens Protocol launches scaling solution ‘Bonsai’

Share This Post

Lens Protocol announced the launch of Bonsai, a layer 3 scaling solution, in a series of tweets on April 26.

Bonsai will scale Lens Protocol

That announcement explains that the new scaling solution is intended to “process transactions at hyper-scale” by handling Polygon transactions off-chain.

This approach will reduce costs and improve transaction throughput rates, Lens Protocol said in a related blog post.

Because Bonsai is considered a layer 3 network, it will not compress data as a layer 2 network does. Instead, it will handle transactions through a data availability layer — that is, a network specifically dedicated to storing transaction data.

Lens Protocol describes the three layers as follows: Ethereum for baseline security, Polygon for profiles, network, and content tokenization, and Bonsai for social actions.

The project said that Bonsai is currently being tested solely on Lenster, a decentralized social media app built with Lens Protocol. However, Lens Protocol noted that it anticipates other applications being built on Bonsai.

Lens is a basis for decentralized social networks

Lens Protocol aims to provide a basis for decentralized social networks.

The protocol aims to offer users complete control over their personal data, including the ability to move profiles between apps and the ability to create censorship-resistant spaces.

Lens Protocol went live in February 2022. The project’s website says that “hundreds of applications” exist but currently lists 17, including Lenster and Lenstube. The protocol now has more than 116,000 users, according to its latest blog post.

The post Lens Protocol launches scaling solution ‘Bonsai’ appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Baby Doge Coin Rockets 200% In 30 Days – What’s On The Horizon?

Rising roughly 200% since mid-September, Baby Doge Coin (BABYDOGE) has fundamentally rocked the digital currency market Reaching early August, it has climbed an impressive 237% from its lowest price

People’s Bank of China reports significant growth in CBDC adoption

The People’s Bank of China (PBOC) reported a significant growth in the adoption of its central bank digital currency (CBDC), the digital yuan, with 180 million individual wallets opened as of

Dubai Regulator Orders 7 Unlicensed Crypto Exchanges to Stop Operations

The Dubai Virtual Assets Regulatory Authority (VARA) has taken action against seven unlicensed crypto entities for operating without licenses and violating marketing regulations VARA has issued

BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses

BNB finds itself under renewed selling pressure as a recent recovery attempt falls short, leaving the cryptocurrency vulnerable to further losses Despite a brief upward movement, BNB’s failure

Bitcoin on track for longest flat market in halving year history

Bitcoin (BTC) is on track to experience its longest period of sideways trading during a halving year if it doesn’t show significant upward movement within the next 14 days According to a

Spot Bitcoin ETFs Witness Persistent Negative Outflows, A Sign Of Fading Confidence?

This week has turned out to be a pessimistic one for the Spot Bitcoin Exchange-Traded Funds (ETFs) as the historic products have experienced consistent negative outflows in the past few days in light