1 week ago
Avara, the genitor institution of decentralized concern (DeFi) level Aave, has announced the accomplishment of Lens Chain mainnet, a accelerated and inexpensive Ethereum overlay blockchain for processing decentralized societal media applications.
There are present respective blockchain-oriented, oregon “Web3,” startups looking to supply users with an alternate to the giant, centralized societal media companies similar Facebook and Elon Musk's X (formerly Twitter).
To connection amended alternatives to existing societal media giants requires a fertile protocol level, according to Avara CEO Stani Kulechov. This means offering a developer-friendly furniture 2 environment, propelled by composable features designed to unleash the economical imaginable of decentralized “SocialFi.”
“The absorption we person taken with Lens successful the past 12 months is to bring the champion developer tooling for gathering connected concatenation societal experiences,” Kulechov said successful an interview. “We chose the optimal stack to tally Lens Chain wherever we get the lowest imaginable transaction successful cost, but a capable magnitude of information for these societal transactions.”
Lens Chain, a strategy that uses mathematical proofs to cheque the veracity of batched off-chain transactions, has its ain dedicated stablecoin, Aave’s GHO, to grip state fees, and its ain decentralized information storage. A scope of exertion gathering blocks are connected connection to make things similar composable societal graphs, customized feeds, token-gated communities etc.
The blockchain has cemented partnerships with respective DeFi and infrastructure projects including Uniswap, Balancer, LayerZero, Circle, Consensys and Chainlink.
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