LightLink, a Layer 2 blockchain solution on the Ethereum network, offering real-time gas-free transactions for dApps and enterprises, has announced the 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 transactions per second (TPS).
The collaboration with Celestia will bring cost-saving benefits to LightLink, particularly in terms of storage and 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 large amount of data on the Celestia test net, leading to substantial storage requirements. However, the platform benefits from relatively low storage fees, thanks to its efficient fee schedule and Celestia’s cost-minimizing algorithm.
Roy Hui, LightLink’s co-founder and CEO, emphasized the strategic significance of partnering with Celestia. He highlighted the potential cost savings compared to Ethereum, which could be passed on to users through reduced transaction fees. 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 bid to further enhance its capabilities, LightLink has secured $11.5 million in funding for research into gasless architecture. The Hummingbird client, responsible for safeguarding data availability and protecting against attacks, will be complemented by the development of Blobstream – a modular data flow tool designed to enhance data availability for Layer 2 networks. This initiative will enable LightLink to create interactive applications and games for community validators, strengthening its ecosystem.
In addition to these advancements, LightLink has introduced its native token, $LL, and successfully completed its seed funding round. The funds raised will support ongoing research into gasless architecture for blockchains, ensuring that LightLink continues to offer efficient solutions that are accessible to all.