Public Key

The Future of Layer 2 Blockchains


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"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)
  • This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein.

    Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

    Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. 

    Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.

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    Public KeyBy Chainalysis

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