Compilation of the original text: Deep Tide TechFlow
Compilation of the original text: Deep Tide TechFlow
Blockchain is always evolving, each iteration trying to solve the blockchain's trilemma of decentralization, scalability, and security. Blockchains such as Bitcoin, Ethereum, and Solana have a monolithic structure and four main functions: data availability, consensus, settlement, and execution.
Since these functions compete for the same resources, monolithic blockchains will inevitably encounter the following scalability issues.
Modular blockchain solutions like Celestia, Dymension, and Fuel give developers a wide range of options to not only scale blockchains, but also enable cross-chain interoperability.
The concept of building modular blockchains is still very new, so it will be interesting to see which existing chains start to take a similar approach now.
The efficiency of modular blockchains increases because they centralize validators on shards, which increases the throughput of the blockchain.
Here are some advantages of modular blockchains:
scalability
scalability
easy to build projects
Celestia
Celestia, which focuses on blockchain scaling, has raised $55 million to fund its expansion plans. Celestia is creating a unique modular blockchain architecture to solve scaling and deployment issues.
Celestia's team intends to make blockchain deployment simple for everyone. Therefore, Celestia's modular blockchain architecture prioritizes the following:
Improve scalability
shared security
Sovereignty issue
Developers can choose their own execution environment, such as Solana VM and EVM. Celestia also offers a scholarship for modular builders. They listed three blockchain projects as users of their data availability layer in their recent funding announcement:
Eclipse
Constellation
Dymension
The project is also"Modular Fellows Cohort"The 26 members of the program are being given monthly grants of $3,000 for three months. Scott Sunarto, who previously worked at the Ethereum Foundation and Uniswap Labs, was one of the recipients.
Celestia is still in the early stages of development. The development team issued an MVP announcement in 2021 and launched the devnet in November 2021. 2022 is even more important as the project has launched a testnet and gradually builds the mainnet.
Dymension
As part of the Cosmos ecosystem, this modular settlement layer provides Enshined Rollups (Rollup logic incorporated into the protocol), which opens up decentralized use cases.
Dymension is a sovereign Rollup built on Cosmos that aims to make the development of RollApps (RollApps with a focus on custom applications) easy through the Dymension Chain (settlement layer), RDK (RollApp Development Kit) and IRC (Inter-Rollup Communication) Simple.
Dymension is optimized for maintaining Rollup state, verification, and fraud proofs, while only accepting Rollup transactions and basic transfers.
On Dymension, developers can focus on business logic requirements and quickly deploy application-specific Rollups using the RDK and dedicated settlement layer, while benefiting from IRC, shared security, and data availability.
Dymension RollApps, like Cosmos, aim to create application-specific blockchains that reduce consensus overhead. Based on the Cosmos-SDK, RDK adds new modules and modifies existing modules to ensure that RollApp is compatible with the Dymension protocol and compatible with other Cosmos ecosystem tools. RollApps can communicate with any IBC-enabled chain through the Dymension Hub.
Fuel Labs
Fuel Labs is building a fast execution layer for a modular blockchain stack. Fuel has seen significant growth because the project has brought together some of the best engineers.
Fuel's technology is built on three pillars:
Parallel transaction execution:Fuel provides state-of-the-art processing power by executing transactions in parallel
Fuel Virtual Machine (FuelVM):FuelVM increases the developer's design space
Great developer experience (using Sway and Froc):Fuel's domain-specific language, Sway, provides a unique and streamlined developer experience. Fuel also has a supporting toolchain called Forc.
Fuel is designed to be a driver of autonomy. Developers can build without using middlemen. It offers modularity and an alternative to Ethereum's future. Ethereum is moving in a Rollup-centric direction. Fuel claims it can extend the execution layer beyond standard Rollup. The team claims they will do so without compromising safety and at low cost.
Because Fuel is designed for fraud proofs, full node resource requirements can be higher than usual, increasing bandwidth capacity while allowing users to verify the chain via trust-minimized light clients.
scalability
scalability
Monolithic blockchains allow users to put all expected blockchain functionality in a monolithic layer called Layer 1. This makes the creation of a blockchain difficult as it tries to handle all functions simultaneously within a single layer. Different functions of the modular blockchain are shared between different layers, improving scalability and preventing network outages.
Simplify blockchain creation
In order to start a new blockchain, miners have to deal with security and decentralization issues, which may prevent some from optimizing the hash rate (opportunity) outside the network. When miners focus less on a specific function (such as consensus), they can take advantage of the layout and create new blockchains faster, regardless of the blockchain architecture.
flexibility
Summarize
Summarize
With the development of Layer 2 and Rollups, the Ethereum ecosystem shifted to a modular architecture.
One of the biggest obstacles to the mass adoption of blockchain technology is scalability.
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