Discussing the New Lightning DB Project - LeoFinance is Laying Foundation to Be the Fastest Cross-Chain Crypto Social Media Platform

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Published on Dec 23, 2020

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In this clip from the latest LeoFinance Roundtable Podcast, we talk about the upcoming LEO Lightning Database project. The tagline of this project is:

The Speed of Web2 Meets the Principles of Web3

As mentioned in the clip, there have been a lot of scotbot and Hive node issues since the latest Hive Hardfork. These issues cause a headache for the end user and are just one example of the hiccups that come along with being a web3 platform.

Most endusers are accustomed to a seamless web experience with no bugs and no delays. As @scaredycatguide mentions in this video, they want everything instantly because that's what they're used to.

They don't want to visit their favorite crypto platform and then have to wait for loading times or pay hefty fees for simple actions.

While Hive has dramatically better scaling, tx speed, etc.. it doesn't (nor can it ever) compete with Web2 when it comes to raw speed.

To solve for this issue, we've decided to go down a path of building out an entire content layer for LeoFinance. We're calling this Leo Lightning DB.

By having this content layer, we're essentially "web2ifying" the experience of LeoFinance.io on the front-end but still making sure to keep the Web3 backend.

In a nutshell, when the Lightning DB is deployed, your actions will run through LeoFinance's Lightning Database before reaching the Hive blockchain.

This means that LeoFinance.io will display your posts, comments and activities instantly while our Lightning layer broadcasts all of those operations directly to the Hive blockchain on the backend.

While many of us (and future end users) want to know that our data is being published to a public, transparent and verifiable blockchain, the vast majority of people don't actually want to sit there and wait for each of those things to reach the blockchain.

Instead, the best blockchain applications will provide a frontend user experience that is fast, seamless and user-friendly. Meanwhile, the backend will handle all of the broadcasting and "slow" stuff.

In other words: the best blockchain apps will bridge the gap.. merging the speed of web2 with the principles of web3.

You may also notice a recurring theme here:

seamless UI experience for the end user
messy stuff handled on the backend
key piece of infrastructure

hint: LeoInfra
hint2: LEO Token on a Standalone Second Layer

_{Major announcements coming in the 2021 Roadmap}

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LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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