👋Welcome to Laysion Network

Laysion Network will be the first permissionless communication layer with a different consensus model that fully integrates with other blockchains, think of it like an integrated blockchain hub. Laysion Network is designed to be a fully decentralized, bridgeless cross-chain interconnectivity platform that facilitates users with a secure and efficient transfer of assets across different blockchain networks.

Laysion utilizes a permissionless consensus network called LaysionHub, LayHub and smart contracts (LEV) on public blockchains to handle asset exchanges without the need for traditional cross-chain bridges. This architecture aims to enhance security, reduce costs and simplify the user experience while ensuring compliance with anti-money laundering (AML) and counter-terrorist finance (CFT) regulations.

Laysion Network aims to fully integrate most blockchains or other Layer 1s to ensure a seamless and steady growth for the blockchain ecosystem as a whole. Both the existing 90 million+ users and the next hundred million users will be onboarded and fully integrated to utilize Laysion Network. In this ever-changing rapid Web3 environment, the birth of new blockchains and Dapps are launched and deployed constantly. Narratives are also constantly changing and evolving to cater to the needs of users.

The most vital and key challenge is the interoperability of blockchains. Different Layer 1 blockchains require different wallets and bridges for interaction to move assets. Every Layer 1 has the dream to acquire, grow and maintain their nucleus of users and ecosystem. Laysion Network is underway to build a cross-chain infrastructure by utilizing and will act as a gel towards numerous Layer 1s. This can be achieved by developing a brand new consensus layer that allows users to bridge and trade assets without a bridge.

Laysion Network foresees a near future where both existing developers and new developers can build permissionless Dapps using our cross-chain infrastructure. Laysion Network also aims to introduce liquidity from Ethereum to other Layer 1s and vice versa.

This whitepaper outlines the architecture, security, and decentralization principles of Laysion Network, and explains how it addresses critical pain points in the current cross-chain transfer landscape.