Layer 2 labyrinth: Navigating scalability and decentralization

Layer 2 labyrinth: Navigating scalability and decentralization

In the latest episode of the SlateCast, CryptoSlate welcomed Roy Hui, the founder of Pellar and LightLink, to discuss the role of enterprise and permissioned blockchains in the evolving world of Web3. Joined by Senior Editor Liam “Akiba” Wright and CryptoSlate CEO Nate Whitehill, the conversation delved into the unique value proposition of platforms like Pellar and LightLink and how they complement and compete with decentralized solutions like Bitcoin.
The complementary role of alternative blockchains
Hui acknowledged Bitcoin’s primary use as a store of value, but he emphasized the need for alternative technologies to facilitate digital payments and currency transactions. He explained:
“Bitcoin, on the other hand, could represent value, but the medium of exchange needs another technology, and there’s nothing more efficient than a Bitcoin type of blockchain for that digital payment system.”
Hui believes public blockchains offer substantial advantages over traditional databas

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