The layer-1 is pioneering the idea of “microchains” within the blockchain, according to the press release. “The competition for blockspace in traditional layer-1 blockchains, coupled with limited production rates and block sizes, creates a bottleneck during traffic peaks, leaving users outpriced or delayed, rendering the infrastructure effectively unavailable,” the press release said.
Source: https://www.coindesk.com/markets/2023/08/16/ex-meta-engineers-layer-1-blockchain-linera-riases-6m-in-new-funding/?utm_medium=referral&utm_source=rss&utm_campaign=headlines