"The best, the winner of this [web3] space, or the biggest player of this space, will be the one who will provide the best experience for developers and users." - Dima

The Ethereum blockchain and the entire crypto ecosystem has long been plagued with scalability issues and the user experience being too clunky for the average user.

In this episode, Ian Andrews (CMO, Chainalysis) speaks with Dima Romanov (Co-founder and CEO of Layer N), which is their highly anticipated Ethereum's StateNet.

Dima shares insights on tackling blockchain scalability, empowering lower transaction fees, and leveraging a spectrum of custom Virtual Machines for diverse applications.

He explains why thinking more like a web2 company vs. a web3 company has attracted investors and given their team a competitive edge for developers seeking performance and innovation as they prepare for their DeFi focus upcoming mainnet launch.

Minute-by-minute episode breakdown

2 | The existing challenges with the Solana and Ethereum blockchains

5 | How the Layer N team was able to secure investment from Peter Thiel’s Founders Fund

7 | Layer N's innovative blockchain scaling solutions for enhanced performance and usability

13 | The current state of the Ethereum multi-stage roadmap and how that impacts Layer N

17 | Why is Layer N described as “An Ethereum Statenet” and what does that mean?

20 | What are XVMs and GVMs and how do they differ from the traditional EVM used on Ethereum

27 | Migrating smart contracts from Ethereum EVMs to Layer N’s XVMs

30 | The process of developers building on Layer N in Beta and being ready for mainnet launch

34 | How do you attract developers and build a community of users in web3?

Related resources

Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.

Website: Layer N: Enable unrestricted on Ethereum
Blog: Layer N Launches Liquidity Program With $20M Commitment From Amber Group
Blog: Testnet Launch—Phase I
Blog: Zero-knowledge Fraud Proofs
Report: The Chainalysis Money Laundering and Cryptocurrency Report
Blog: Introducing Chainalysis Operation Spincaster: An Ecosystem-Wide Initiative To Disrupt and Prevent Billions in Losses to Crypto Scams
YouTube: Chainalysis YouTube page
Twitter: Chainalysis Twitter: Building trust in blockchain
Tik Tok: Building trust in #blockchains among people, businesses, and governments
Telegram: Chainalysis on Telegram

Speakers on today’s episode

Ian Andrews * Host * (Chief Marketing Officer, Chainalysis)
Dima Romanov (Co-founder and CEO of Layer N)

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