Vince Yang, the CEO of zkLink, spoke to Matt Zahab on the Cryptonews Podcast about the current state of Layer 3s. Yang emphasized the challenges of using blockchains and how zkLink is working to address these issues. He discussed the importance of Layer 3s, the need for Layer 2s to succeed, and the future of L3s. Additionally, Yang highlighted zkLink’s achievements and upcoming partnerships and developments.
According to Yang, zkLink aims to tackle the real issues faced by users and the blockchain community. These issues include scalability, liquidity fragmentation, user experience, and interoperability. He stressed that it shouldn’t be difficult or painful for users to navigate the myriad of new chains and roll-ups that have emerged. Abstraction and unification of chains are essential to simplify the user experience.
Yang explained the need for Layer 3s, despite the recent focus on Layer 2s. He highlighted the limitations of Layer 2s, such as bandwidth constraints, and the need for full sovereignty over resources for specific applications. He also emphasized the benefits of Layer 3s in terms of scalability, speed, price, privacy, and regulatory compliance.
Regarding the current and future state of Layer 3s, Yang acknowledged that it is still early in the development curve for both Layer 2s and Layer 3s. He underscored the necessity for the success of Layer 2s before Layer 3s can emerge. Yang also mentioned the launch of zkLink Nova and its growing ecosystem, along with upcoming partnerships.
In addition to discussing zkLink’s achievements and future plans, Yang also touched on topics such as ZK proofs, the usefulness of ZK technology, the benefits of zkLink Nova, and the distinction between general-purpose chains and application-specific chains.
Vince Yang is the CEO of zkLink, a company that develops zero-knowledge blockchain solutions for the Ethereum ecosystem. The team has created the zkLink Nova network to address liquidity fragmentation and provide scalability and security. Vince Yang’s journey in the crypto space began with Bitcoin mining and has since evolved into a deep exploration of ZK Proofs.