Let’s Geek Out About Layer 2!
One of the most pressing problems in cryptocurrencies is how they scale. The traditional on-chain design where every node in the network processes and validates every transaction means that transaction rate is fundamentally limited. Layer 2 is the most promising solution to this problem.
In Layer 2 protocolos, like the Lightning Network or Raiden, applications make use of payment channels and state channels to transact off chain while using the blockchain as a trust anchor. Layer 2 protocols not only help tremendously with scalibility, they also help with privacy and interoperability. But how will these Layer 2 networks take shape?
MIT Media Lab & Fidelity Labs presented a two-day event focused on Layer 2 scaling solutions. The first day was devoted to education – attendees gained exposure to different protocols being built to address the scalability issue. The second day was dedicated to development. Developers attended a one-day hackathon to build applications.
Co-Founder/CEO, Commonwealth Crypto Inc
Director, MIT DCI
Co-inventor of Interledger
Research Scientist, MIT DCI
CTO, Commonwealth Crypto Inc
Cryptocurrency Researcher, University College, London
President, Vulcanize Inc
Lightning App Developer
Director of Research, Blockstream
Co-Founder/CEO, Lightning Labs
Head of Cryptographic Engineering, Lightning Labs
Research, Fidelity Labs
Raiden Core Developer, Brainbot
Program Manager, Fidelity Labs
Two-Days Layered with Connections
Here’s what we tackled at this year’s summit
Fidelity Labs | 245 Summer Street, Boston
Protocols on scalability issues and a look into the future.
DAY TWO | May 19, 2018
MIT Media Lab | 75 Amherst Street, Cambridge
Developers will spend the day building applications. Winning teams will be featured on our website!