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Cryptocurrency News Articles

LightLink Integrates Celestia's TIA/USD Mainnet to Enhance Scalability and Reduce Transaction Fees

Jun 06, 2024 at 06:56 pm

LightLink's Hummingbird client leverages Celestia's strengths: data integrity, immutable records and modular data availability.

LightLink Integrates Celestia's TIA/USD Mainnet to Enhance Scalability and Reduce Transaction Fees

Ethereum Layer-2 blockchain LightLink, designed to enable gasless and instant transactions for enterprises and dApps, announced on Wednesday the integration of its Hummingbird client with Celestia‘s TIA/USD Mainnet.

This integration is aimed at boosting scalability and further reducing transaction fees for users of LightLink.

Celestia’s Role In Enhancing LightLink

The Hummingbird client of LightLink leverages Celestia’s strengths, including data integrity, modular data availability, and immutable records.

This enables LightLink to reduce operational costs within its ecosystem.

Increased Efficiency and Reduced Storage Costs

“Celestia integration cuts storage costs and enhances security—a strategic move on our path to achieving 10,000 TPS,” stated Roy Hui, who is the co-founder and CEO of LightLink.

He added that Celestia use lowers costs compared to Ethereum, enabling LightLink to pass on these savings to users in the form of even lower transaction fees.

Hummingbird: Data Availability and Verification

LightLink’s Hummingbird client is a standalone tool that is crucial for data availability and validator defense. Following the “Don’t trust, verify” ethos, Hummingbird verifies state execution, transaction inclusion, and data availability. This ensures every block’s data is accessible for validation, enabling independent verification by validators.

Future Developments: Blobstream and Community Engagement

Following the Hummingbird integration, LightLink plans to launch Blobstream, a modular data stream tool that facilitates high-throughput operations for Layer 2 networks.

This tool, along with the upcoming “challenger/defender” game for community validators, will further strengthen data availability on the LightLink network.

This announcement follows LightLink’s token launch in April and a seed funding round that raised a total of $11.5 million.

Navigating the Future of Digital Assets

With Layer 2 scaling solutions like LightLink pushing the boundaries of blockchain technology, staying informed is key.

The upcoming Benzinga Future of Digital Assets event, scheduled for Nov. 19 offers a valuable platform to explore advancements in scalability, transaction fees, and other critical topics in the blockchain space.

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Other articles published on Nov 23, 2024