Proposal to Create a New Layer 2 Solution

Executive Summary

This proposal outlines the creation of a new Layer 2 (L2) scaling solution to enhance transaction throughput, reduce gas costs, and improve user experience while maintaining security and decentralization.

Background

As the network continues to grow, scalability challenges have become increasingly apparent. High gas fees and network congestion have created barriers to adoption and limited the potential for innovative applications.

Proposal Details

Objectives

• Deploy a high-performance L2 solution with significantly reduced transaction costs
• Maintain compatibility with existing infrastructure and tooling
• Ensure robust security through proven cryptographic methods
• Enable faster finality times for improved user experience

Technical Specifications

• Technology: Optimistic Rollup or ZK-Rollup architecture
• Throughput: Target 1000+ transactions per second
• Cost Reduction: 90%+ reduction in transaction fees compared to mainnet
• Security: Inherits security from the main chain

Implementation Timeline

• Phase 1 (Months 1-3): Technical development and testing
• Phase 2 (Months 4-6): Testnet deployment and security audits
• Phase 3 (Months 7-9): Mainnet launch and ecosystem integration

Budget Requirements

Initial funding will cover development, security audits, and operational costs for the first year of operation.

Benefits

• Enhanced scalability for the ecosystem
• Reduced barriers to entry for new users and developers
• Improved composability with existing DeFi protocols
• Foundation for next-generation applications

Next Steps

Upon approval, we will proceed with detailed technical specifications, team formation, and begin the development process.

We believe this L2 solution will be instrumental in driving the next phase of growth and adoption.