DUBAI, UAE, March 17 (Bernama-PRNewswire) — Leading blockchain ecosystem developer WEMIX Pte. Ltd today unveiled at ETHDubai 2023 the official teaser website and logo for WEMIX Kanvas, its next-gen Ethereum Layer 2 with EVM-Equivalent ZK Rollups. Themed “Infinite Space of Value Creation”, the WEMIX Kanvas teaser website provides an overview of the project including its philosophy, technology, roadmap, manifesto and more. Both website and logo were officially unveiled during a talk on WEMIX Kanvas given by the CEO, Taekyu Park (TK) and CTO, Dongjoo Lee (DJ) from Lightscale, the Wemade subsidiary in charge of developing solutions to solve Ethereum’s scalability challenges.
Due to its decentralized storing of data, blockchain suffers from the so-called blockchain trilemma: it is seemingly impossible to simultaneously be secure, decentralized, and scalable. Ethereum has struggled to find a scalability solution that does not compromise the values of security and decentralization. The limited maximum number of transactions that Ethereum can handle results in surging gas costs as the number of users increases.