#70 - What's next for layer 2?

In the tenth episode of our new season of Web3 Innovators, our host Conor Svensson is joined by Elena Sinelnikova is the Co-Founder and Decentralization Coordinator at Metis. She is also CEO at Crypto Chicks. Episode highlights:How and why Elena founded Crypto ChicksThe diversity of people working within Web3The advice that Elena would give to recruiters trying to encourage applicants from a more diverse backgroundHow Metis was formed to create the infrastructure for a layer 2 solutionOther work that Metis is focusing onThe biggest challenges with layer 2 networksElena explains what ZK rollups and optimistic rollups are and the work Metis is doing to combat the challenges they faceElena’s advice for anyone wanting to become involved in Web3Where Elena believes Web3 technology will be in 10 years time Key Takeaways:When we opened Crypto Chicks back in 2016 at Conferences there were hardly any women, probably one or two women per thousand people. And now we see about half and half. So the picture changed dramatically. - Elena We wanted to create layer two. And not only layer two, we also wanted to create a Web3 economy where people can go create a business, find a job, create a nonprofit organisation, create their own project, and fundraise. - Elena Optimistic roll ups - and here is a little educational piece, is the transactions process in batches. So instead of adding transactions, one by one and saving them into layer one, layer two actually captures these transactions, bundles them up in one batch, and saves the whole batch into layer one. - Elena All layer twos are innovating. We already have successes where layer twos are lowering the cost quite significantly and also speeding up transactions quite significantly. - Elena So right now, for us, the most important part is we have this ability to build. We have the capability, we have great minds that are building and we know that we are bringing good to the world. - Elena We need more people, like entrepreneurs who create those ideas, create those businesses, who go and try and build and make mistakes. And we see in the space right now there are a lot of projects, but we can always have more because each one brings a very unique value proposition. - Elena Follow Elena on Twitter Shout outs:Natalia Ameline Connect with Us Join the Web3 Innovators community and engage with like-minded individuals passionate about the potential of blockchain technology. Contact Chainlens: Twitter | Discord | Telegram Explore Chainlens Email Chainlens Contact Web3 Labs: Twitter | LinkedIn | Instagram | Facebook | Discord | Tiktok Explore Web3 Labs Email Web3 Labs