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Cryptocurrency News Articles
Lens Protocol Prepares for Permissionless Future, Empowering Community and Innovation
Mar 22, 2024 at 08:08 pm
What's the Protocol's End Game?
Since its inception, the protocol has been all about connecting people through new ways to own their content, social networks, and data.
Beta Blues: Why the Wait?
In the early days, the protocol team decided to stay in beta mode to iron out kinks related to upgrades and security. Even so, they've managed to support over 400 community-developed apps, many of which are open source with a ton of contributors.
From Beta to Buzzy: Lens Goes Mainstream
Fast forward to today, and Lens has become the go-to hub for crypto enthusiasts looking for an on-chain social alternative. In just six months, they've racked up over 100,000 users, 11 million followers, and 2.2 million comments. That's not all – the community has generated over 37 million social interactions, including 5 million posts and 4.5 million mirrors.
Permissionless Paradise: Giving the Power to the People
Despite all this growth, the Lens team has been working behind the scenes for the past year and a half to refine their capabilities. And based on community feedback, they've decided to go permissionless.
Momoka: Scaling Up for Social Success
To prepare for this move, they've built out Momoka, a data scaling infrastructure that makes Lens's open actions more modular and provides tools for building complex graphs using the Lens API. They've also decentralized governance through the Lens Improvement Protocol (LIP) process.
Decentralization Drive: Community Takes the Wheel
With the demand for on-chain social experiences growing, Lens has been quick to respond. After a community-led LIP gained widespread support, they're moving to implement on-chain decentralization. This means the broader Lens community will work hand-in-hand with the core Lens team to shape the future of the protocol.
Onboarding Blitz: Welcoming New Users
The first phase of their plan involves network upgrades designed to make it easier for new users to join the platform. The next step is to build out a more robust version of the social network that gives users more control over their ownership.
Permissionless Progress: Paving the Way for Innovation
By transitioning Lens to a permissionless protocol, they're removing barriers to development and opening the door to even more innovation. So, buckle up and get ready for the next chapter in the evolution of social media on the blockchain.
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