The future of Web3: Layer-2 challenges and enterprise adoption

Jun 20, 2024

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In this episode of Cointelegraph’s Hashing it Out podcast, host Elisha Owusu Akyaw interviews Roy Hui, co-founder and CEO of LightLink, a layer-2 blockchain. Hui discusses the current state of the blockchain industry, the challenges faced by layer-2 solutions, and LightLink’s unique approach to addressing these challenges. Hui emphasizes LightLink’s focus on enterprise adoption and its mission to accelerate the global adoption of Web3 technologies. He also shares insights into LightLink’s partnerships with various brands and its efforts to attract developers and users to its platform.

Timestamps:
(00:00) - Introduction to the episode

(01:42) - Differences, challenges, and saturation of layer-1 and layer-2 blockchains

(02:55) - Roy Hui’s journey into the Web3 space

(04:29) - The evolution of blockchain technology and the significance of Ethereum

(06:34) - The current state of the blockchain industry

(09:16) - The origin of LightLink, economic model, gasless transactions, and how it addresses industry challenges

(14:02) - The blockchain trilemma and layer-2 solutions

(16:20) - Challenges and strategies for building sustainable layer-2 platforms and effective DApps

(19:31) - How LightLink is attracting developers to build on their platform

(21:26) - Enterprise adoption of Web3 technologies

(24:57) - Developer challenges when building layer-2 networks for enterprises

(25:56) - LightLink’s partnerships

(26:33) - Strategy and challenges of conducting airdrops in 2024

(28:20) - Web3 adoption in the APAC region

(30:30) - LightLink’s plans for 2024

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