Layer N, a roll-up community designed to scale monetary purposes on Ethereum, introduced as we speak the appointment of Hong Kong-based former Constancy Worldwide government Luc Froehlich to its advisory board.
Layer N is an Ethereum StateNet, a community of specialised rollups optimized for the monetary ecosystem geared 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 techniques,” 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 know-how is now ripe to significantly problem the growing older infrastructure underlying TradFi,” he stated.
Lately, Layer N introduced its entry into the Asian market by means of a strategic funding from BlackPine and a partnership with VSFG, aiming to increase its Web3 choices within the area.
Learn extra: What Are Zero-Data Proofs?
