{"id":173261,"date":"2023-03-30T13:26:36","date_gmt":"2023-03-30T13:26:36","guid":{"rendered":"https:\/\/precoinnews.com\/?p=173261"},"modified":"2023-03-30T13:26:36","modified_gmt":"2023-03-30T13:26:36","slug":"layer-2-project-exec-zooms-in-on-the-capabilities-of-ethereum-scaling-solutions","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/layer-2-project-exec-zooms-in-on-the-capabilities-of-ethereum-scaling-solutions\/","title":{"rendered":"Layer-2 project exec zooms in on the capabilities of Ethereum scaling solutions"},"content":{"rendered":"

In episode 13 of Cointelegraph\u2019s\u00a0Hashing It Out <\/em>podcast, Elisha Owusu Akyaw sits down with Metis co-founder Elena Sinelnikova. Metis is an Optimistic Rollup built on Ethereum\u00a0to explore the world of layer-2 blockchain technology, and its potential impact on decentralization, scalability and real-world applications. Sinelnikova shares her unique insights and experiences in the rapidly evolving blockchain space, and gives us a glimpse into the future of decentralized autonomous organizations (DAOs) powered by Metis.<\/p>\n

The conversation begins with Sinelnikova providing a comprehensive introduction to Metis, its mission and the challenges it aims to address in the current blockchain landscape. Next, she dives deep into the limitations of Ethereum\u2019s layer 1, highlighting issues such as high gas fees, congestion and slow transaction times. Sinelnikova explains how Metis leverages layer 2 technology to overcome these hurdles \u2014 enabling faster, more efficient, and cost-effective transactions for users and developers.<\/p>\n

Metis is built on top of the Optimism codebase. Sinelnikova explains that even though the Metis team believes Optimism is on the right path, the team needed to make some changes to the code to create a more efficient platform for the Web3 economy. <\/p>\n

\u201cYou see, Metis fees are way lower than Optimism fees. We needed these lower fees for the enterprise level \u2014 so the enterprise level apps can use Metis easier more than Optimism.\u201c<\/p>\n

Next, Akyaw and Sinelnikova discuss the importance of decentralization in the blockchain ecosystem. Metis intends to use its unique approach to building and supporting decentralized autonomous organizations (DAOs) to shape the future of work and collaboration. What\u2019s more, Sinelnikova emphasizes the role of Metis in empowering individuals and businesses to create, manage, and scale their DAOs, thereby fostering a more inclusive and transparent decentralized economy.<\/p>\n

Related: \u00a0<\/em><\/strong>Africa: The next hub for Bitcoin, crypto adoption and venture capital?<\/strong><\/em><\/p>\n

This episode also explores the topic of adoption and education. Sinelnikova believes that the most important thing is not getting new users into crypto but protecting users who have already ventured into crypto through extensive education. <\/p>\n

Finally, Sinelnikova discusses the future of Metis and layer 2 blockchain technology, outlining the vision for the platform\u2019s ongoing development and growth. <\/p>\n

Listen to the latest episode of Hashing It Out<\/em> with Elena Sinelnikova on Spotify, Apple Podcasts, Google Podcasts, or TuneIn. You can also check out Cointelegraph\u2019s full catalog of informative podcasts on the Cointelegraph Podcasts page.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In episode 13 of Cointelegraph\u2019s\u00a0Hashing It Out<\/p>\n","protected":false},"author":3,"featured_media":173260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nLayer-2 project exec zooms in on the capabilities of Ethereum scaling solutions - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/layer-2-project-exec-zooms-in-on-the-capabilities-of-ethereum-scaling-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Layer-2 project exec zooms in on the capabilities of Ethereum scaling solutions - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"In episode 13 of Cointelegraph\u2019s\u00a0Hashing It Out\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/layer-2-project-exec-zooms-in-on-the-capabilities-of-ethereum-scaling-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-30T13:26:36+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2023\/03\/Layer-2-project-exec-zooms-in-on-the-capabilities-of-Ethereum-scaling-solutions.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/layer-2-project-exec-zooms-in-on-the-capabilities-of-ethereum-scaling-solutions\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/layer-2-project-exec-zooms-in-on-the-capabilities-of-ethereum-scaling-solutions\/\",\"name\":\"Layer-2 project exec zooms in on the capabilities of Ethereum scaling solutions - 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