Kinto CEO: Layer 2 Solutions Are Key to Ethereum's Future

IconCryptoNewsTerminal Staff26 Jul, 2024

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Kinto CEO: Layer 2 Solutions Are Key to Ethereum's Future

Kinto CEO: Layer 2 Solutions Are Key to Ethereum's Future Ramon Recuero, CEO of Kinto, a Layer 2 blockchain project on Ethereum, recently stated on The Agenda podcast that he believes Layer 2 solutions are the key to Ethereum's future. "Layer 2 solutions can help Ethereum scale and become more efficient," Recuero said. "They can also help reduce transaction costs and make it easier for developers to build applications on Ethereum." Kinto is one of a number of Layer 2 projects that are being developed to help Ethereum scale. Kinto uses a technology called optimistic rollups to bundle multiple transactions together and process them off-chain. This can significantly reduce the cost and time it takes to complete a transaction on Ethereum. Recuero believes that Layer 2 solutions will become increasingly important as Ethereum continues to grow. "Layer 2 solutions are essential for the future of Ethereum," Recuero said. "They can help Ethereum scale and become more efficient, and they can make it easier for developers to build applications on Ethereum."

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