GWEI Cloud Summit Week Four: Layer2 is Rising, Who Can Become the King of the Ecosystem?

"Traffic congestion due to too many cars has long been the primary demand for Ethereum's development. After more than three years of market evolution, Layer 2 solutions have proliferated, with early adopters like Arbitrum, the striving StarkNet, Optimism, the promising zkyScn, and various other Layer 2s like Scroll and Aurora emerging one after another.

As the Layer 2 race is about to explode, who will become the next leader? What new investment opportunities lie ahead?

ZK Rollup VS Optimistic Rollup, who will become the king of the ecosystem in this new trend?

Under the siege of new L1 chains like Sol, Avax, and BSC, how should the strong contenders of Ethereum Layer 2 prepare for a counterattack?

On May 18th at 8 PM, the Global Web3 Ecological Innovation Cloud Summit (GWEI Cloud Summit), hosted by DeFi Dao and co-organized by Chain Node and 8BTC, will feature Scroll researcher Young, Arbitrum China Business Community Leader Nina Rong, Polygon Head of China Cora, and Celer China Leader Qi Chao. They will discuss the development trends and investment opportunities in the Layer 2 space.

Live Broadcast Time: May 18th, 20:00 UTC+8 (Wednesday evening at 8 PM)
Live Broadcast Link: https://www.gweisummit.com/

Participate in the forum video live broadcast check-in to receive the GWEI Cloud Summit weekly theme badge. Collect 6 badges + a key to synthesize the ultimate NFT badge! The event runs from May 16th to May 20th, and this time the Electro badge will be issued.

Electro, ELETRO---Amber

ELETRO is a common modern English root, and the electricity we often use is a variation of it. Its origin is the ancient Greek word ELEKTRON, meaning amber.

ELECTRO flashes like lightning, leaving us with a piece of amber, just like the elusive traces in legends that are hard to grasp. If we closely observe that amber, electricity will never be generated within it; but if ELECTRO inadvertently occurs when two inconspicuous ambers collide, we might glimpse the thunderous echoes of immense power.

To obtain the key, simply participate in the interactive tasks we initiate on social media (Twitter: ++https://twitter.com/8BTC_OFFICIAL++) for a chance to win the crucial synthesis key.

Review of the Post-Blockchain Era Theme Week Content:

On May 11th, Tina Liu, Head of Mina Asia Market, William, Product Manager of Oasis, Wenjia, Head of Avalanche Market, and Zuriel, CEO of Photon Storage gathered in the Chain Node live broadcast room to engage in a peak dialogue on the focal topics of public chains, where you won't want to miss the exciting insights!

Tina Liu:
Mina uses zk-SNARKS, which can keep the entire network at a constant 22 KB. The cost of building nodes in the entire network is actually very low, which can effectively promote the decentralization of the entire network and will become increasingly fast. Additionally, because recursive zero-knowledge proofs have another skill, they can verify any data, not just transaction data, but also personal IDs or some more private data, enabling integration with internet data. In the future, when Mina's SDK is released, the dapps generated on it will also inherently possess privacy attributes.

William:
I am personally very confident about the future development of privacy computing, especially in recent years where the wave of blockchain technology development has seen many projects aiming for maximum decentralization and maximum privacy as their ultimate goals, which raises higher demands for our technology development. Now that everyone is immersed in the wave of Web3, a very important point of Web3 is to advocate for the protection of user rights, and users should have control over their own data. In this broader context, privacy protection is a path we must take.

Wenjia:
The best persuasion for the competitiveness of a public chain is its ecosystem, attracting more developers to create quality projects on your chain. The bear market should prompt us to focus more on building our ecosystem; bull markets reward those who lay the groundwork in bear markets. This year, Avalanche will focus on the NFT and GameFi sectors.

Zuriel:
Storage and computation are the two pillars of the computer field. In the Web2 era, the core products of internet applications like Google, TikTok, and Facebook are built on big data and artificial intelligence. In the Web3 era, the storage market may seem small, but this is an illusion created by the lack of underlying technology support. The core of Web3 is that users can control their data and authorize sharing, which holds immense value. From the perspective of the metaverse, the metaverse is an infinite game, which will also require massive storage. Based on these two points, the storage demand in Web3 will reach the scale of internet storage.

For more GWEI Cloud Summit activities, please follow our Telegram: ++https://t.me/news_8btc++. Stay updated, as the content of the GWEI conference will be presented across various media platforms including the conference official website, DeFi Dao, Chain Node Forum, and 8BTC!

The GWEI online summit is hosted by DeFi Dao, focusing on the Web3 landscape, gathering the world's most influential project teams, senior scholars, academic institutions, and executives from government and enterprises to discuss new trends in the Web3 era!

Conference official website: ++https://www.gweisummit.com++