Twitter @godotsancho

An application chain is a blockchain that is built specifically for a certain application. For example, Ronin for Axie Infinity

In addition, dApps originally built on Layer1 or Layer2 can escape from the original public chain and develop customized public chains independently in order to further improve the scalability and experience of dApps and extend the application scenarios. Such as dYdX.

Recently, dYdX, the largest derivatives trading platform in Ethereum, announced that it would develop its own Layer1 based on Cosmos SDK and break away from Ethereum in the V4 update.

Compound had also planned to develop its own custom chain based on Substrate, a Polka technology framework, before it was suspended for some reason.

Yuga Labs (the entity behind CryptoPunks, BAYC, Meebits and other blue chip NFTs) had proposed that ApeCoin needs its own blockchain or migrate to a network such as Avalanche.

Existing networks, such as Ethereum, do not meet the project requirements. For example

dYdX is currently built on Ethereum Layer2 StarkWare. It is only when funds are transferred to and from the margin account that StarkWare uploads the transaction results to Ethereum, and other operations are not on the chain.

dYdX wants to pursue complete decentralization of functions and components, and user operations based on order books, which also need to be on the chain.

Therefore, it was either to change the existing transaction method and turn the order book into AMM or other ways, or to move away from Ethereum. The team chose the latter.

Yuga Labs proposed the migration in the context of the Bored Ape virtual land Otherdeeds sale when gas rose sharply and caused network congestion, ultimately contributing a total of $180 million in sky-high Gas prices.

In a word, Layer1 and Layer2 such as Ethereum meet the generality. With the development of dApp, generality can no longer meet all the needs, and on the basis of generality, more specialized and customized functions or implementations are needed.

Currently there are three main options for application chain development: based on Cosmos SDK, Polkadot Substrate, and Avalanche Subnet development.

Cosmos advantages: easy access, cross-chainable

Disadvantages: ecological projects need to ensure their own security

Polkadot advantage: ecological projects can share security and can cross-chain

Disadvantage: XCMP cross-chain model of pay-per-block is not yet online, currently cross-chain requires participation in parallel chain slot auctions

Avalanche advantage: easy access, can share security

Disadvantage: SDK is not online, currently no cross-chain

Cosmos is more like Avalanche in that it is license-free to cross chain and projects have unrestricted access to the SDK.

The difference is that Cosmos does not guarantee the security of the accessed projects and projects need to create their own verification nodes.

Avalanche allows projects to share the security with verification nodes of Avalanche main network.

Polkadot has been created with security in mind from the beginning. Projects can share Polkadot authentication nodes and use the consensus of Polkadot, but access requires a vote of DOT holders, i.e. slot auction.

Even if a project successfully wins the slot, it still requires permission from both sides when communicating with other projects across the chain.

AltLayer is a temporary scaling layer built on the concept of Optimistic Rollups that connects to Layer1 and Layer2 of Ethereum, Solana, Polkadot, Cosmos, and even Arbitrum, Optimism, and more.

When temporary scaling is needed on these networks, such as a Otherdeeds sale, AltLayer can temporarily help scale Ethereum, improving performance and reducing Gas. when the sale ends, AltLayer is no longer needed and the Ethereum network remains as usual.

The advantage is that projects can still be developed based on the original network and enjoy the dividends of the original network without having to migrate.

AltLayer supports multiple chains and multiple VMs, and supports EVM and WASM by default, so AltLayer is not tied to a single Layer1 or Layer2, but can be used as a modular and pluggable extension solution for all EVM and WASM compatible chains.

AltLayer has received a total of $7.2 million in institutional and individual funding.

Projects enjoy the dividends brought by liquidity on Ethereum and user traffic on the one hand, and are troubled by the high Gas and congestion of Ethereum on the other hand, and do not want to participate in the competition for network resources.

That's why a large number of EVM chains are created.

This kind of relationship that projects want to pursue, coupled with Ethereum, is exactly what AltLayer needs.

AltLayer value can be significantly cyclical. In a bull market, AltLayer demand will soar. In bear markets, subject to low on-chain activity, AltLayer demand will also decrease.

Currently, there are no projects similar to AltLayer's concept. AltLayer has a more than sufficient first-mover advantage.

Founder Yaoqi Jia, former Director and GM of Parity Asia, co-founder and CTO of Zilliqa. Profile can be found at http://jiayaoqi.com/.

Dorothy Liu, head of growth, was formerly head of Synthetix China.

Twitter: 16001 Discord: 16134 Telegram: 458

The AltLayer token model has not been released yet. Hopefully, it will not just be "mine, withdraw and sell".

My personal thought is that one should never follow POKT's token model.

The ways I can think of to empower AltLayer tokens.

1/ When Layer1 or Layer2 users use AltLayer, they pay Gas in native tokens normally. for example, there is an event on Ethereum now, which needs to use AltLayer, users still pay Gas in ETH. the paid Gas goes to AltLayer treasury.

2/ The treasury proceeds, part of which is rewarded to the pledger of AltLayer Token, and the other part is used to buy AltLayer Token from the secondary market at market price and destroy it, turning AltLayer into a deflationary token.

3/ 1/ In the mentioned content, users can also use AltLayer Token to pay for Gas. users can independently choose the lowest way to pay for Gas. AltLayer official can provide Gas conversion function, just like the once 1inch.

Twitter @godotsancho

Twitter @godotsancho

An application chain is a blockchain that is built specifically for a certain application. For example, Ronin for Axie Infinity

In addition, dApps originally built on Layer1 or Layer2 can escape from the original public chain and develop customized public chains independently in order to further improve the scalability and experience of dApps and extend the application scenarios. Such as dYdX.

Recently, dYdX, the largest derivatives trading platform in Ethereum, announced that it would develop its own Layer1 based on Cosmos SDK and break away from Ethereum in the V4 update.

Compound had also planned to develop its own custom chain based on Substrate, a Polka technology framework, before it was suspended for some reason.

Yuga Labs (the entity behind CryptoPunks, BAYC, Meebits and other blue chip NFTs) had proposed that ApeCoin needs its own blockchain or migrate to a network such as Avalanche.

Existing networks, such as Ethereum, do not meet the project requirements. For example

dYdX is currently built on Ethereum Layer2 StarkWare. It is only when funds are transferred to and from the margin account that StarkWare uploads the transaction results to Ethereum, and other operations are not on the chain.

dYdX wants to pursue complete decentralization of functions and components, and user operations based on order books, which also need to be on the chain.

Therefore, it was either to change the existing transaction method and turn the order book into AMM or other ways, or to move away from Ethereum. The team chose the latter.

Yuga Labs proposed the migration in the context of the Bored Ape virtual land Otherdeeds sale when gas rose sharply and caused network congestion, ultimately contributing a total of $180 million in sky-high Gas prices.

In a word, Layer1 and Layer2 such as Ethereum meet the generality. With the development of dApp, generality can no longer meet all the needs, and on the basis of generality, more specialized and customized functions or implementations are needed.

Currently there are three main options for application chain development: based on Cosmos SDK, Polkadot Substrate, and Avalanche Subnet development.

Cosmos advantages: easy access, cross-chainable

Disadvantages: ecological projects need to ensure their own security

Polkadot advantage: ecological projects can share security and can cross-chain

Disadvantage: XCMP cross-chain model of pay-per-block is not yet online, currently cross-chain requires participation in parallel chain slot auctions

Avalanche advantage: easy access, can share security

Disadvantage: SDK is not online, currently no cross-chain

Cosmos is more like Avalanche in that it is license-free to cross chain and projects have unrestricted access to the SDK.

The difference is that Cosmos does not guarantee the security of the accessed projects and projects need to create their own verification nodes.

Avalanche allows projects to share the security with verification nodes of Avalanche main network.

Polkadot has been created with security in mind from the beginning. Projects can share Polkadot authentication nodes and use the consensus of Polkadot, but access requires a vote of DOT holders, i.e. slot auction.

Even if a project successfully wins the slot, it still requires permission from both sides when communicating with other projects across the chain.

AltLayer is a temporary scaling layer built on the concept of Optimistic Rollups that connects to Layer1 and Layer2 of Ethereum, Solana, Polkadot, Cosmos, and even Arbitrum, Optimism, and more.

When temporary scaling is needed on these networks, such as a Otherdeeds sale, AltLayer can temporarily help scale Ethereum, improving performance and reducing Gas. when the sale ends, AltLayer is no longer needed and the Ethereum network remains as usual.

The advantage is that projects can still be developed based on the original network and enjoy the dividends of the original network without having to migrate.

AltLayer supports multiple chains and multiple VMs, and supports EVM and WASM by default, so AltLayer is not tied to a single Layer1 or Layer2, but can be used as a modular and pluggable extension solution for all EVM and WASM compatible chains.

AltLayer has received a total of $7.2 million in institutional and individual funding.

Projects enjoy the dividends brought by liquidity on Ethereum and user traffic on the one hand, and are troubled by the high Gas and congestion of Ethereum on the other hand, and do not want to participate in the competition for network resources.

That's why a large number of EVM chains are created.

This kind of relationship that projects want to pursue, coupled with Ethereum, is exactly what AltLayer needs.

AltLayer value can be significantly cyclical. In a bull market, AltLayer demand will soar. In bear markets, subject to low on-chain activity, AltLayer demand will also decrease.

Currently, there are no projects similar to AltLayer's concept. AltLayer has a more than sufficient first-mover advantage.

Founder Yaoqi Jia, former Director and GM of Parity Asia, co-founder and CTO of Zilliqa. Profile can be found at http://jiayaoqi.com/.

Dorothy Liu, head of growth, was formerly head of Synthetix China.

Twitter: 16001 Discord: 16134 Telegram: 458

The AltLayer token model has not been released yet. Hopefully, it will not just be "mine, withdraw and sell".

My personal thought is that one should never follow POKT's token model.

The ways I can think of to empower AltLayer tokens.

1/ When Layer1 or Layer2 users use AltLayer, they pay Gas in native tokens normally. for example, there is an event on Ethereum now, which needs to use AltLayer, users still pay Gas in ETH. the paid Gas goes to AltLayer treasury.

2/ The treasury proceeds, part of which is rewarded to the pledger of AltLayer Token, and the other part is used to buy AltLayer Token from the secondary market at market price and destroy it, turning AltLayer into a deflationary token.

3/ 1/ In the mentioned content, users can also use AltLayer Token to pay for Gas. users can independently choose the lowest way to pay for Gas. AltLayer official can provide Gas conversion function, just like the once 1inch.

Twitter @godotsancho