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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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A New Frontier in Blockchain Interoperability

June 8, 2024
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A New Frontier in Blockchain Interoperability
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Gelato Network, renowned for its roll-up as a service platform within the Web3 space, has announced a significant milestone with the launch of the Lisk L2 Developer Mainnet. This development marks a pivotal moment for Gelato, as it continues to broaden its scope and enhance its offerings in the decentralized ecosystem.

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The Lisk L2 Developer Mainnet is not just another layer; it’s part of Gelato’s strategic initiative to integrate more deeply with the Optimism network, heralding a new era of interoperability and efficiency in blockchain technology.

Driving Innovation and Interoperability in Web3

During the initial Devnet phase, Gelato facilitated the deployment of essential infrastructure components such as bridges, decentralized exchanges (DEXs), and applications in preparation for the public mainnet launch. This phase was critical in ensuring that Lisk L2 could seamlessly integrate into the Optimism collective known as the Superchain.

This integration is aimed at enhancing sequencer revenue and contributing to a unified network of rollups that promise to revolutionize the way developers and applications interact across the blockchain.

The transition of Lisk Devnet to become the first Layer 1 blockchain migrating to Optimism’s network underscores a significant advancement in the blockchain domain. This move leverages Optimism’s OP Stack, which is designed to foster a unifying framework for rollups, enhancing communication, security, and governance across the network.

The Superchain, which now includes Lisk among its 13+ chain integrations, supports asset bridging without fragmentation, shared governance under the OP Collective, and a robust security model that benefits all participating chains.

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Moreover, the Gelato network has expanded its ecosystem to include over 17 infrastructure providers, enriching the chain’s environment with diverse services. These providers range from Web3 functionalities like Across Fi for bridging, RedStone oracles for reliable data feeds, to user interface solutions such as Protofire Safe UI and comprehensive analytics from Goldskyio indexers.

Lisk L2 ⛓️ Developer Mainnet is LIVE On 🟠 Gelato

During the @LiskHQ Devnet phase, bridges, DEXs, & Apps deploy in preparation for the public mainnet launch

In this phase, Lisk L2 joins the Superchain by contributing sequencer revenue towards the @optimism collective ↓ pic.twitter.com/QHKoUE69jU

— Gelato 🟠 (@gelatonetwork) June 6, 2024

This robust infrastructure supports a wide array of applications and developers, including notable entities like Velodrome, Thirdweb, and the Secret Network, enhancing the developer experience (DevEx) through improved interoperability and feature-rich capabilities.

The growth metrics from Lisk’s Q1 performance further illustrate the impact of these developments. Since the testnet’s inception, over 32,000 wallets have been created, facilitating more than 10,000 contracts and driving daily transactions to exceed 43,000. In total, the testnet has processed over 6.3 million transactions, a testament to the platform’s scalability and the robust demand for its services.

Gelato’s integration with the Optimism collective and the consequent launch of the Lisk L2 Developer Mainnet are not merely technical upgrades but are pivotal in shaping the future landscape of decentralized finance (DeFi) and decentralized applications (dApps).

By enabling seamless cross-chain functionality and fostering a collaborative environment under the OP Collective governance, Gelato is setting new standards in the blockchain space, driving innovation, and simplifying the complexities of decentralized networks.

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Tags: BlockchainFrontierInteroperability

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