Layer N, a roll-up community designed to scale monetary purposes on Ethereum, introduced at this time the appointment of Hong Kong-based former Constancy Worldwide govt Luc Froehlich to its advisory board.
Layer N is an Ethereum StateNet, a community of specialised rollups optimized for the monetary ecosystem aimed toward onboarding institutional liquidity.
Learn extra: What Are Rollups? ZK Rollups and Optimistic Rollups Defined
Earlier than becoming a member of Layer N, Froehlich led Constancy Worldwide’s foray into cryptocurrencies and tokenized property as world head of digital asset options for seven years.
In an e mail interview with CoinDesk, Froehlich stated that he is becoming a member of the protocol’s advisory board as a result of Layer N’s structure addresses the core problem of fragmentation in monetary applied sciences.
“By introducing a community of customizable digital machines that may talk and share liquidity seamlessly, Layer N overcomes the usually siloed operation of conventional programs,” he stated.
Layer N’s use of zero-knowledge proofs (zk) addresses conventional finance’s want for confidentiality in transactions by enabling verification with out revealing the transaction’s content material, thus assembly regulatory and aggressive necessities, he defined within the interview.
“Blockchain expertise is now ripe to noticeably problem the getting older infrastructure underlying TradFi,” he stated.
Lately, Layer N introduced its entry into the Asian market by a strategic funding from BlackPine and a partnership with VSFG, aiming to develop its Web3 choices within the area.
Learn extra: What Are Zero-Data Proofs?