[News] Meetup Recap 3 : Introducing Very Network’s Layer2 Testnet
The Very Network community recently gathered for an exciting meetup where we unveiled significant advancements — foremost among them, the launch of our Layer2 Testnet. As we continue to push the boundaries of blockchain technology, this update marks a pivotal development in our journey towards making blockchain interactions more efficient, affordable, and accessible to everyone.
Built with Optimistic Rollup
Technology Foundation:
Our Layer2 solution is built on the innovative Optimistic Rollup technology. This choice reflects our commitment to enhancing performance and scalability. Optimistic Rollup not only reduces the load on the main chain but also offers the security and decentralization needed for trustworthy transactions.
Transformative Features of Layer2
Drastically Reduced Gas Fees:
One of the standout features of the Layer2 rollout is the significant reduction in gas fees. By processing transactions off the main Very Mainnet and minimizing network congestion, we are able to lower the cost, making it easier and more viable for frequent transactions.
Accelerated Transaction Speeds:
Layer2 dramatically increases the speed of transactions. Activities such as trading, staking, and general blockchain interactions are optimized to be near-instantaneous, ensuring a smoother user experience.
Strategic Impact and Significance
This Layer2 testnet is not just a technological upgrade — it is a strategic enhancement that positions Very Network at the forefront of blockchain innovation. It is the only platform in the country that combines Layer1 and Layer2 architectures, setting a new benchmark for what blockchain platforms can achieve.
Looking Ahead
As we prepare for the rollout of the Very Network’s Layer2 testnet, scheduled for release in August, we invite our community to ready themselves for active engagement and feedback. This upcoming phase is crucial for refining our technology based on real-world use and interaction. Your forthcoming input will be instrumental in shaping the final, full-scale launch!
Join us as we embark on this exciting phase of development. With Very Network’s Layer2 — where speed, efficiency, and affordability meet.
🌐 Websites
🖥 Very Network | 👨💻 Verychat
