Lightlink (LL) Introduction
This module introduces Lightlink (LL), which is an Ethereum Layer 2 blockchain with the ability to conduct gas-free transactions, high scalability, and compatibility with the Ethereum Virtual Machine (EVM). This module will also explore its core features, cross-industry use cases, and provide background information on the founding team of the project.
Lightlink Overview
Lightlink (LL) is an Ethereum Layer 2 blockchain designed to support decentralized applications (dApps) and enterprise users through gas-free transactions. The project aims to address the limitations of high gas fees on Ethereum, providing a more efficient transaction processing environment. With its technical architecture, Lightlink achieves high scalability and cost efficiency. By reducing the barriers caused by gas fees, Lightlink strives to promote widespread adoption of blockchain technology by enterprises and consumers.
In terms of performance, Lightlink can process up to 10,000 transactions per second (TPS), which is much faster than the Ethereum mainnet. This is particularly important for environments that require high transaction volume, such as gaming, decentralized finance (DeFi), and non-fungible tokens (NFTs). The blockchain adopts a proprietary Layer 2 architecture, separating its consensus layer, execution layer, and data availability layer, making data processing more efficient and transaction confirmation faster. As a result, transactions are completed in approximately 0.5 seconds, improving the user experience of different decentralized applications.
The functionality of Lightlink: Enterprise Mode and EVM equivalence
The enterprise model of Lightlink is designed for companies and organizations that require blockchain integration but do not need to bear Gas fees. In this model, enterprise users can complete transactions without holding any cryptocurrency. By eliminating the need for Gas, Lightlink opens up the threshold for large-scale adoption by traditional Web2 companies that want to transition to Web3 technology.
The business model has been widely used, for example, partners such as Translucia and Grapes have recorded millions of gasless transactions.
Lightlink fully supports Ethereum Virtual Machine (EVM) equivalence, allowing developers to migrate existing dApps from Ethereum to Lightlink without major code changes. This enables developers to easily scale projects on the network while continuing to use tools and frameworks from the Ethereum ecosystem. By supporting popular tools such as Solidity, Visual Studio Code, and Hardhat, Lightlink simplifies the deployment process of smart contracts.
Development Team
Lightlink is driven by an experienced professional team, whose members come from diverse backgrounds including technology, finance, and blockchain development. The project was co-founded by CEO Roy Hui, who has over twenty years of engineering experience and has successfully founded and exited multiple companies, including MMGN and Market Engine. His interest in blockchain began in 2012 when he made his first purchase of Bitcoin.
Olivia Romero is the Chief Operating Officer and Co-founder of Lightlink. She has a wealth of experience in the fields of finance and digital transformation, having worked at major companies such as The Boston Consulting Group and Publicis Sapient. Romero is responsible for leading Lightlink's strategic direction and business operations, particularly in managing partner relationships and corporate collaborations.
Daniel Enright, the ecosystem lead, has experience in both technology and the gaming industry. He has worked at companies such as Atari Melbourne House and National Australia Bank before transitioning to the Web3 space. Enright focuses on developing and expanding the Lightlink ecosystem by establishing relationships with relevant projects and partners.
The team also includes other core members such as growth lead Vlad Likhuta, senior blockchain engineer Daniel Hayden, and chief developer Kassius Barker. These members provide professional support for the development and continuous growth of the Lightlink network. The team is collectively responsible for expanding the Lightlink ecosystem and implementing the technical architecture.
Highlights
- Lightlink is an Ethereum Layer 2 blockchain that supports gas-free transactions and high scalability.
- With its proprietary Layer 2 structure, it can process up to 10,000 transactions per second.
- The enterprise model supports enterprises and organizations to integrate blockchain without Gas.
- The network is fully compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to migrate and scale dApps.
- The Lightlink team is led by co-founders Roy Hui (CEO) and Olivia Romero (COO), supported by a diverse team of industry experts.
āļāļāđāļĢāļĩāļĒāļāļāļĩāđ 1:Lightlink (LL) Introduction
āļāļāđāļĢāļĩāļĒāļāļāļĩāđ 2:Lightlink's technical architecture
āļāļāđāļĢāļĩāļĒāļāļāļĩāđ 3:Lightlink's business model
āļāļāđāļĢāļĩāļĒāļāļāļĩāđ 4:Lightlink Token (LL)
āļāļāđāļĢāļĩāļĒāļāļāļĩāđ 5:Lightlink's ecosystem
āļāļāđāļĢāļĩāļĒāļāļāļĩāđ 6:Security and Audit
āļāļāđāļĢāļĩāļĒāļāļāļĩāđ 7:Lightlink's validators program and network governance
āļāļāđāļĢāļĩāļĒāļāļāļĩāđ 8:Future plans and vision
Lightlink (LL) Introduction
This module introduces Lightlink (LL), which is an Ethereum Layer 2 blockchain with the ability to conduct gas-free transactions, high scalability, and compatibility with the Ethereum Virtual Machine (EVM). This module will also explore its core features, cross-industry use cases, and provide background information on the founding team of the project.
Lightlink Overview
Lightlink (LL) is an Ethereum Layer 2 blockchain designed to support decentralized applications (dApps) and enterprise users through gas-free transactions. The project aims to address the limitations of high gas fees on Ethereum, providing a more efficient transaction processing environment. With its technical architecture, Lightlink achieves high scalability and cost efficiency. By reducing the barriers caused by gas fees, Lightlink strives to promote widespread adoption of blockchain technology by enterprises and consumers.
In terms of performance, Lightlink can process up to 10,000 transactions per second (TPS), which is much faster than the Ethereum mainnet. This is particularly important for environments that require high transaction volume, such as gaming, decentralized finance (DeFi), and non-fungible tokens (NFTs). The blockchain adopts a proprietary Layer 2 architecture, separating its consensus layer, execution layer, and data availability layer, making data processing more efficient and transaction confirmation faster. As a result, transactions are completed in approximately 0.5 seconds, improving the user experience of different decentralized applications.
The functionality of Lightlink: Enterprise Mode and EVM equivalence
The enterprise model of Lightlink is designed for companies and organizations that require blockchain integration but do not need to bear Gas fees. In this model, enterprise users can complete transactions without holding any cryptocurrency. By eliminating the need for Gas, Lightlink opens up the threshold for large-scale adoption by traditional Web2 companies that want to transition to Web3 technology.
The business model has been widely used, for example, partners such as Translucia and Grapes have recorded millions of gasless transactions.
Lightlink fully supports Ethereum Virtual Machine (EVM) equivalence, allowing developers to migrate existing dApps from Ethereum to Lightlink without major code changes. This enables developers to easily scale projects on the network while continuing to use tools and frameworks from the Ethereum ecosystem. By supporting popular tools such as Solidity, Visual Studio Code, and Hardhat, Lightlink simplifies the deployment process of smart contracts.
Development Team
Lightlink is driven by an experienced professional team, whose members come from diverse backgrounds including technology, finance, and blockchain development. The project was co-founded by CEO Roy Hui, who has over twenty years of engineering experience and has successfully founded and exited multiple companies, including MMGN and Market Engine. His interest in blockchain began in 2012 when he made his first purchase of Bitcoin.
Olivia Romero is the Chief Operating Officer and Co-founder of Lightlink. She has a wealth of experience in the fields of finance and digital transformation, having worked at major companies such as The Boston Consulting Group and Publicis Sapient. Romero is responsible for leading Lightlink's strategic direction and business operations, particularly in managing partner relationships and corporate collaborations.
Daniel Enright, the ecosystem lead, has experience in both technology and the gaming industry. He has worked at companies such as Atari Melbourne House and National Australia Bank before transitioning to the Web3 space. Enright focuses on developing and expanding the Lightlink ecosystem by establishing relationships with relevant projects and partners.
The team also includes other core members such as growth lead Vlad Likhuta, senior blockchain engineer Daniel Hayden, and chief developer Kassius Barker. These members provide professional support for the development and continuous growth of the Lightlink network. The team is collectively responsible for expanding the Lightlink ecosystem and implementing the technical architecture.
Highlights
- Lightlink is an Ethereum Layer 2 blockchain that supports gas-free transactions and high scalability.
- With its proprietary Layer 2 structure, it can process up to 10,000 transactions per second.
- The enterprise model supports enterprises and organizations to integrate blockchain without Gas.
- The network is fully compatible with the Ethereum Virtual Machine (EVM), making it easy for developers to migrate and scale dApps.
- The Lightlink team is led by co-founders Roy Hui (CEO) and Olivia Romero (COO), supported by a diverse team of industry experts.