Vince Yang, CEO of zkLink, on the Current State of L3s | Ep. 345

cryptonews.com:

In an exclusive interview with Cryptonews Podcast’s Matt Zahab, zkLink CEO Vince Yang discussed why using blockchains is difficult and ‘painful’ and how this can be fixed.

He talked about the need for Layer 3s, why Layer 2s must succeed first, and the trends in the L3 space.

Lastly, Yang touched on zkLink’s successes, as well as the upcoming developments and partnerships.

zkLink is building Layer-3 and ZK Rollup to solve the real problems users and the blockchain space face daily, Yang said.

These include scalability, liquidity fragmentation, user experience, and general interoperability in the blockchain space.

For example, there have been thousands of new chains and roll-ups emerging rapidly over the past few years.

This requires users to understand what is going on at all times and learn how to use each of these chains.

However, this is “a little bit painful and also very difficult,” Yang said. But it shouldn’t be.

Therefore, abstraction and unification of chains are necessary.

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We have just started understanding the need for Layer 2s (L2s), so what’s the point of Layer 3s (L3s)? Isn’t it too early?

To back up and explain, Layer 1 (L1) is the monolithic chain – the one on which everything else is layered. This includes Bitcoin and Ethereum, among the major ones.

L2s are built on top of the L1s to move the computation off L1s. This improves scalability, user experience, speed, and price.

However, there are