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Lens Protocol Launches Beta Version of Bonsai to Enhance DApp Transactions

On April 27th, the Lens Protocol development team released the beta version of Bonsai, an open blockchain expansion solution promising to support large transaction volumes for DApp users on Lens.

According to Aave Companies, Bonsai is specially designed to create favorable conditions for the operations of decentralized social media applications. The network will help users make multiple transactions with minimal fees.

The project announcement on Twitter says that Bonsai is an L3 optimistic scaling solution designed to process large-scale transactions to support the next generation of Web3 social network users. The Lens developers can now experience the closed beta version since April 27th.

Scalability is an essential issue for decentralized social media. These products use large amounts of data and consume high transaction throughput, which are two issues that blockchains always need to address. Bonsai was created to cope with these difficulties.

“To compete with Web2, decentralized social platforms need to scale. With the ability to support mass consumer adoption, we will see continuous innovation of Web3,” said Stani Kulechov, CEO of Aave.

According to him, new features and business models will drive the adoption of Web3. He revealed that Bonsai provides super scalability while still ensuring the core values of blockchain, bringing safe, fast, and cost-effective scalability.

Lens Protocol is a protocol that provides social graph establishment solutions to compete with social media giants like Facebook and Twitter. Launched on Polygon in May 2022, there are now over 110,000 social media profiles and hundreds of apps on Lens.

Lens Protocol aims to support applications to have an armor against censorship and to integrate new content monetization methods using NFTs or other types of cryptocurrencies. Some prominent projects on Lens include Lenster, Lens Booster, Phaver, Lenstube, LensPort, and Memester.

To help applications increase access to a large number of users, Bonsai will optimize costs and scalability by storing data layers outside the chain while maintaining access and verifying transactions. This way, Lens can avoid limitations on block space on Ethereum and other blockchains.

Unlike layer 2 solutions, Bonsai does not compress transactions into layer 1. The network will send and store them on an existing data layer. The project revealed that it has collaborated with researchers from top universities in the field to develop Bonsai.

The beta version of Bonsai promises to improve the scalability of DApps on Lens and contribute to the development of Web3 social networks. The Lens Protocol team is expected to release more updates on Bonsai soon.

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