LightLink, a cutting-edge Ethereum Layer-2 blockchain, has recently integrated its Hummingbird client with Celestia’s Mainnet, significantly enhancing scalability and reducing transaction fees for its users. This milestone marks a crucial step in the platform's mission to accelerate Web3 adoption through gasless transactions.

In an exclusive interview with CryptoNews, Roy Hui, CEO & Co-founder of LightLink, shed light on the transformative power of gasless Ethereum Layer-2 solutions. These innovations, he emphasized, simplify onboarding and retention efforts by lowering entry barriers and alleviating users of complexities.

LightLink's focus lies in devising strategies to onboard a larger number of users into the ecosystem. The company's flagship feature, gas abstraction, introduces a novel transaction fee model that allows users to engage with smart contracts without the need to pay fees in ETH or other native tokens.

Ethereum, according to Mr. Hui, represents the "future of computations," functioning as a global registry and a secure, permanent storage solution. In contrast, Bitcoin is a store of value, akin to gold. The approval of spot Ether Exchange-Traded Funds (ETFs) by the US Securities and Exchange Commission (SEC) acknowledges Ethereum's value as fuel for computations and storage, with little speculation involved.

While the approval of the ETH ETF may have significant implications for the crypto space, Mr. Hui believes it is unlikely to pave the way for numerous other crypto ETFs. This is due to Ethereum's status as one of the largest ecosystems and economies within the crypto space, with the highest market capitalization.

With its strong fundamentals, Ethereum is poised as a long-term infrastructure solution for our planet, with no direct competitors in this domain. As LightLink continues its research and development efforts, the company is committed to enabling more enterprise projects to embrace Web3 technologies and providing gasless Web3 services to their customers.

In the end, the approval of the ETH ETF serves as a testament to Ethereum's value as a secure, permanent storage solution, and its potential to shape the future of various industries, including gaming, finance, and digital assets.