Exploring the Obstacles of Layer2 and Enterprise Acceptance with LightLink CEO

In the latest installment of Cointelegraph’s
Hashing it Out
podcast, Elisha Owusu Akyaw sits down with Roy Hui, the co-founder and CEO of LightLink, a layer-2 blockchain, to discuss the current state of the blockchain industry, the challenges faced by layer-2 solutions, and LightLink’s innovative approach to tackling these obstacles.
Hui provides insight into the current landscape of blockchain technology, highlighting the saturation of layer-1 and layer-2 networks and underscoring the untapped potential for real-world applications. He acknowledges that the space is becoming increasingly crowded as fewer individuals utilize onchain applications for everyday tasks, prompting networks to distinguish themselves from their competitors.
Hui emphasizes LightLink’s dedication to enterprise adoption and its goal of driving global adoption of Web3 technologies. He describes how LightLink’s gasless transactions were developed to attract Web2 users and enterprises, addressing the challenges that businesses encounter in adopting Web3, such as complexity, risk, and fluctuating transaction costs. According to Hui, eliminating transaction costs and the need to estimate expenses is a crucial step in creating a user experience similar to Web2 platforms.


The conversation also delves into the significance of community building and developer engagement in the Web3 space. Hui outlines LightLink’s strategies for attracting developers and users, including hackathons and airdrops. He acknowledges that airdrops have become more challenging as more users come online and expectations rise, suggesting that airdrops alone may not be sufficient to retain users on a specific network in such a dynamic space.
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This article is intended for general informational purposes only and should not be considered legal or investment advice. The opinions expressed are solely those of the author and do not necessarily reflect the views of Cointelegraph.