A detailed explanation of Omni Network: the next generation of modular blockchain
Original title: "Next Generation Modular Blockchains"
Original compilation: Kxp, BlockBeats
Original compilation: Kxp, BlockBeats
Omni has a bold vision - it sets a new precedent in Crypto design by fusing multiple novel and innovative technologies into a unified platform. This article will take you through a new perspective on how Omni combines key technologies to achieve its unique advantages in three aspects: safety, efficiency and functionality.
Security - Ethereum Restaking
The Omni network is made up of validators who re-stake ETH and attest to Rollup's state updates to facilitate global interoperability. These ETH-based validators provide the security underpinning the network.
The Omni Network pushes the field forward in this dimension, setting a new standard for security across modular blockchains. By utilizing a unique re-staking mechanism, Omni is the first blockchain that can be fully customizable and still derive security from Ethereum.
Over time, we will open-source this module for the community, and plan to support a full ecosystem, including other blockchains built on this technology, to create secure chains with specialized purposes.
Efficiency - Tendermint Consensus
By leveraging the Tendermint PoS consensus, our validators can reach Rollup state consistency an order of magnitude faster than Layer 1 Ethereum. Therefore, Omni can serve as a fast settlement layer for Rollup.
Previously, it was difficult to take advantage of Tendermint's speed without sacrificing security. However, when combined with $ETH Restaking, it is possible to achieve the speed offered by Tendermint while maintaining the strong security guarantees users demand. This is very powerful, and we'll expand on it later, because it has unique properties that can greatly improve the user experience of using Rollup.
Functionality - full EVM compatibility
Additionally, Omni is itself a programmable, stateful platform, so developers can leverage its fast settlement and secure interoperability to build native cross-rollup applications.
Omni's execution layer is EVM-compatible, implemented by Ethermint (an EVM module) on Cosmos, so developers can use their familiar Solidity tools for development. The execution layer includes built-in functionality to access status, messages, and applications from integrated Rollups, creating an experience that seamlessly accesses users and liquidity.
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