Home » Layer-2 project exec zooms in on the capabilities of Ethereum scaling solutions

Layer-2 project exec zooms in on the capabilities of Ethereum scaling solutions

In episode 13 of Cointelegraph’s Hashing It Out podcast, Elisha Owusu Akyaw sits down with Metis co-founder Elena Sinelnikova. Metis is an Optimistic Rollup built on Ethereum to explore the world of layer-2 blockchain technology, and its potential impact on decentralization, scalability and real-world applications. Sinelnikova shares her unique insights and experiences in the rapidly evolving blockchain space, and gives us a glimpse into the future of decentralized autonomous organizations (DAOs) powered by Metis.

The conversation begins with Sinelnikova providing a comprehensive introduction to Metis, its mission and the challenges it aims to address in the current blockchain landscape. Next, she dives deep into the limitations of Ethereum’s layer 1, highlighting issues such as high gas fees, congestion and slow transaction times. Sinelnikova explains how Metis leverages layer 2 technology to overcome these hurdles — enabling faster, more efficient, and cost-effective transactions for users and developers.

Metis is built on top of the Optimism codebase. Sinelnikova explains that even though the Metis team believes Optimism is on the right path, the team needed to make some changes to the code to create a more efficient platform for the Web3 economy.

“You see, Metis fees are way lower than Optimism fees. We needed these lower fees for the enterprise level — so the enterprise level apps can use Metis easier more than Optimism.“