Caldera Chains is a revolutionary project that aims to simplify the user experience of blockchain technology by prioritizing simplicity and user choice. As an EVM-compatible platform, it provides a multitude of options for developers and users to customize their experience according to their needs.
One of the key design principles of Caldera Chains is the use of Ethereum as its layer 1 blockchain, which provides unparalleled security and decentralization. The platform also prioritizes simplicity by abstracting away complexity and creating a clear, streamlined experience for both developers and users. Caldera Chains offers a package that reduces overhead for customers while providing self-sovereignty and control over their own ecosystem.
Caldera Chains' design structure is comprised of two layers: the EVM settlement layer and the data availability layer. The EVM settlement layer allows Caldera Chains to settle on all EVM-compatible chains, including Ethereum, Polygon, Binance Smart Chain, Aurora, Avalanche, Evmos, and others. This provides maximum flexibility and choice for users. The data availability layer, on the other hand, allows users to choose where to send transaction data, either directly to the EVM settlement layer or to a dedicated data availability layer, such as Eigenlayer or Celestia. This design approach enhances scalability, security, and flexibility in the management of data and transaction costs on Caldera Chains.
Caldera Chains utilizes a technology called Optimistic Rollups, which enables them to leverage the security of another blockchain, known as the parent chain, without needing to establish their own consensus mechanism. This approach allows Caldera Chains to benefit from the established security of the parent chain while providing the benefits of increased scalability and efficiency.
In an Optimistic Rollup, the state of the chain is recorded on Ethereum, but without providing direct evidence of its validity. Instead, these state commitments are considered provisional for a specific period of time, called the "challenge window." If a proposed state commitment goes unquestioned for the duration of the challenge window, it is considered final, and smart contracts on Ethereum can safely accept withdrawal proofs based on that commitment.
However, if a challenge is successful, the commitment can be invalidated through a process known as "fault proof." In this event, the commitment is removed from the StateCommitmentChain and replaced by a new proposed commitment. It's important to note that a successful challenge does not roll back the chain but only the published commitments about the state of the chain. The ordering of transactions and the state of the chain remain unchanged by a fault-proof challenge.
And the team recently announced $9M in funding, led by Sequoia Capital and Dragon Fly:
https://twitter.com/Calderaxyz/status/1625180138492272640
Caldera Chains offers unparalleled flexibility, security, and scalability by leveraging Ethereum as its layer 1 blockchain, utilizing Optimistic Rollups, and providing a unique architecture that decouples the execution layer from the data availability layer. By prioritizing user choice and simplicity, Caldera Chains is an exciting new platform that has the potential to revolutionize the blockchain industry.
Join in and stay tuned!
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