📝Modular Blockchain Solutions
To thoroughly address the issues with monolithic chains, the "modular blockchain" solution has emerged:
Modular blockchain is a new implementation approach in blockchain design, separating different types of functions into distinct components or modules within the blockchain network. This changes the traditional monolithic chain design pattern, which consolidates all functionalities into one system, marking a paradigm shift from monolithic chains to modular blockchains.
In fact, the emergence of Rollup technology can be seen as a precursor to the modular concept. It primarily focuses on the separation of the execution layer, with Rollups handling transaction execution and then packaging the transaction results and information back to the main chain.
Celestia (formerly known as Lazy Ledger), as an early practitioner of modular blockchain, has set an important reference standard for blockchain development. However, Celestia mainly focuses on the Data Availability layer (DA) and does not include the execution layer, aiming to empower other public chains.
In contrast, Dymension, serving as a complementary execution layer solution to Celestia, has provided a new perspective for creating new blockchain networks. The launch of its test network, Dymension Hub, has also attracted widespread attention in the industry.
Therefore, the advantages of modular solutions are as follows:
EnhancedScalability
TrueFlexibility
Provision of public consensus, computational nodes, and Data Availability (DA), reducing hardware costs and operational costs for the execution layer (Rollup)
However, the launch of new public chains must address not only technical challenges but also the challenges of business expansion. With the progress of mainstream blockchains like Ethereum and the continuous emergence of new public chains, the market faces increasingly intense homogenization competition. Therefore, new public chains can only demonstrate their long-term value by solving real-world business problems and attracting more new businesses. In other words, beyond performance itself, building a chain that meets the needs of entirely new business requirements is key to standing out in the competition among numerous public chains.
The distinction of ME Network lies in not only achieving modularity in its technical architecture, by separating out the Data Availability layer and specifically constructing the ME Hub for settlement and state verification consensus but also in launching a modular development toolkit, offering comprehensive execution layer solutions. Moreover, it specifically empowers traditional industries like Real World Assets (RWA) to transition onto the blockchain, positioning it with a competitive advantage over other modular blockchains.
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