Pontem Launches L2 Solution to Scale Ethereum Network

Web3 developer Pontem has launched the Layer-2 solution Lumio. This was reported in a press release.

Lumio is an L2 protocol that increases Ethereum network throughput using Aptos blockchain technologies. Among the project’s features:

• compatibility with Move VM and EVM;
• ability to support multiple virtual machines and L1/L2 networks — Ethereum, Aptos, Optimism, Avalanche, zkSync, and others;
• tools for building cross-chain applications.

Lumio is currently deployed on the Sepolia Ethereum testnet. In the future, Pontem plans to create a universal L2 solution compatible with other blockchains.

«Aptos offers better performance and lower transaction costs among existing second-layer solutions. We have combined these properties with the reliability of computations in Ethereum to scale L1 networks.»

«Pontem is implementing the concept of interconnected L2 solutions, horizontally scaling Ethereum. This will meet the needs of millions, and in the future billions of users», — commented co-founder Alejo Pinto.

Pontem is a Web3 service development studio based on Move VM. The project’s ecosystem includes Pontem Wallet for the Aptos network and the decentralized exchange Liquidswap.

Earlier, ForkLog published educational cards about the Aptos blockchain platform.