“Lens Chain Mainnet Goes Live Using An Inexpensive Ethereum Overlay Blockchain Designed for Building Decentralized Social Media Applications.”, – WRITE: www.coindesk.com
There Are Now Several Blockchain-Oriented, or “Web3,” Startups Looking to Provide USERS WITH An Alternative to the Giant, Centralized Social Media Companies Likebook and Elon Mus.
To Offer Better Alternatives to Exist Social Media Giants Requires A Fertile Protocol Level, Accounting To Avara Ceo Stani Kulechov. This Means Offering A Developer-Friendly Layer 2 Environment, Propelled by Composable Features Designed to Unleash the Economic Potential of Decentralized “Socialfi.”
“The Direction We Have Taken with Lens in the Past 12 MONTHS IS TO BRING The BEST DELEPER TOOLING FOR BUILDING ON CAINA SCIAL EXPERIENCES,“ Kulechov Said in An Interview. “We Chose The Optimal Stack to Run Lens Chain Where We Get The Lowest Possible Transaction in Cost, But A Sufficient Amount of Security for Tese Social Transactions.”
Lens Chain, A System That Uses Mathematical Proofs To Check The Veracity of Batched Off-Chain Transactions, Has Its Own Dedicated Stablecoin, Aave’s Gho, To Handle Gang. A Range of Application Building Blocks Are On Create Things Like Composable Social Graphs, Custom Feeds, Token-Gated Communities Etc.
The Blockchain Has Cemented Partnerships with Several Defi and Infrastructure Projects Including Uniswap, Balaner, Layerzero, Circle, Consensys and Chainlink.
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