Meta Camel Racing ClubThe most promising Web3 games for 2023
2022 has seen no shortage of ambitious play-to-earn Web3 games in the industry, with even massive AAA productions entering the market to compete. But what Web3 games are poised to roll out bigger plans in 2023?SubscribeMistMist is a blockchain-based MMORPG that boasts an open fantasy world and fantastic narratives. On 30 November, Mist launched its pre-alpha test. Players with Tier 3 NFTs or higher are among the first to experience the dynamic combat style and immersive open-world adventures ...
Meta Camel Racing ClubCamel Racing History
Camel racing is a traditional sport practiced for centuries in the deserts of Arabia, North Africa, and Central Asia. The history of camel racing can be traced back to Bedouin tribes, who have been breeding and racing camels for thousands of years. Camels were used for transportation, as well as for racing and betting. Camel racing first originated in the 7th century on the Arabian Peninsula. At the time, it was just an informal part of cultural events and ceremonies like weddings and birthda...
Meta Camel Racing ClubRobot jockeys —a modern twist to the ancient Arabian tradition of camel racing
Camel racing is a popular sport in Middle Eastern countries, where camels are bred and trained specifically for racing. Historically, human jockeys were used to ride camels in races, but the use of child jockeys was a major source of concern and controversy. The international community criticized the use of child jockeys due to the physical danger and exploitation involved. In response to these concerns, many countries began to ban the use of human jockeys in camel racing and replaced them wi...
Meta Camel Racing ClubThe most promising Web3 games for 2023
2022 has seen no shortage of ambitious play-to-earn Web3 games in the industry, with even massive AAA productions entering the market to compete. But what Web3 games are poised to roll out bigger plans in 2023?SubscribeMistMist is a blockchain-based MMORPG that boasts an open fantasy world and fantastic narratives. On 30 November, Mist launched its pre-alpha test. Players with Tier 3 NFTs or higher are among the first to experience the dynamic combat style and immersive open-world adventures ...
Meta Camel Racing ClubCamel Racing History
Camel racing is a traditional sport practiced for centuries in the deserts of Arabia, North Africa, and Central Asia. The history of camel racing can be traced back to Bedouin tribes, who have been breeding and racing camels for thousands of years. Camels were used for transportation, as well as for racing and betting. Camel racing first originated in the 7th century on the Arabian Peninsula. At the time, it was just an informal part of cultural events and ceremonies like weddings and birthda...
Meta Camel Racing ClubRobot jockeys —a modern twist to the ancient Arabian tradition of camel racing
Camel racing is a popular sport in Middle Eastern countries, where camels are bred and trained specifically for racing. Historically, human jockeys were used to ride camels in races, but the use of child jockeys was a major source of concern and controversy. The international community criticized the use of child jockeys due to the physical danger and exploitation involved. In response to these concerns, many countries began to ban the use of human jockeys in camel racing and replaced them wi...
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While Ethereum is the undoubted leader when it comes to smart contracts, there are certain ways it could be better. It’s definitely not the fastest blockchain, and it’s certainly not the cheapest, either. So, while it gets the job done, it could always use some extra help from layer-2 rollup solutions.
Two of the most popular networks helping to take the load off of Ethereum are Optimism and Arbitrum. While both help scale Ethereum using optimistic rollups, their nuanced differences set them apart in terms of speed and cost.
Optimism is a layer-2 optimistic rollup network created to help scale the Ethereum blockchain. Optimism is the second-most popular optimistic rollup solution on Ethereum and has a 10% share of the entire Ethereum layer-2 market. Optimism introduced its native OP token via a free airdrop to users.
The validation mechanism on Optimism is called single-round fraud proof. This means that computations for every layer-2 transaction must be executed on layer-1 in order to verify the blockchain state. Single-round fraud proofs allow Optimism transactions to be practically instant, but this comes at some costs.
Some argue that single-round fraud proofs undermine security, but the main issue is that relying on layer-1 for computation causes transaction fees on Optimism to be higher. This is because the state of the blockchain must be validated after each transaction. Heavy reliance on layer-1 for computation also limits how much data Optimism can handle at once, thus limiting the types of transactions that can be executed.
Another drawback is the Optimism Virtual Machine’s (OVM) lack of optimization. The OVM has limited compatibility with the Ethereum Virtual Machine (EVM) since it only works with the solidity coding language.
Another layer-2 network that uses optimistic rollups to scale the Ethereum blockchain is Arbitrum. Arbitrum is the most popular Ethereum layer-2 scaling solution, with over half the entire market. Arbitrum is natively compatible with all ERC-20 tokens, but its main currency for paying fees and posting bonds is ETH.
What sets Arbitrum apart from Optimism is that it uses multi-round fraud proofs. This means that rather than verifying the state of the entire transaction block on layer-1, Arbitrum only requires a fraud-proof to be submitted for the particular transactions that are being challenged. While multi-round fraud proofs make for slower transaction finality, the trade-off is for lower transaction fees since they don’t need to rely on layer-1 computations as much.
When comparing Arbitrum and Optimism, it’s clear that the former has won over market sentiment. Arbitrum also has some advantages over Optimism from a technical perspective.
Firstly, the Arbitrum Virtual Machine (AVM) is better optimized for EVM coding languages and doesn’t face the same compatibility issues as the OVM. This means that Arbitrum is more attractive to developers because applications don’t have to be rewritten in order to be translated from the EVM to the AVM. Secondly, Arbitrum relies less on layer-1 computations than Optimism does, which means it will face fewer issues in the event of a hard fork.
While Ethereum is the undoubted leader when it comes to smart contracts, there are certain ways it could be better. It’s definitely not the fastest blockchain, and it’s certainly not the cheapest, either. So, while it gets the job done, it could always use some extra help from layer-2 rollup solutions.
Two of the most popular networks helping to take the load off of Ethereum are Optimism and Arbitrum. While both help scale Ethereum using optimistic rollups, their nuanced differences set them apart in terms of speed and cost.
Optimism is a layer-2 optimistic rollup network created to help scale the Ethereum blockchain. Optimism is the second-most popular optimistic rollup solution on Ethereum and has a 10% share of the entire Ethereum layer-2 market. Optimism introduced its native OP token via a free airdrop to users.
The validation mechanism on Optimism is called single-round fraud proof. This means that computations for every layer-2 transaction must be executed on layer-1 in order to verify the blockchain state. Single-round fraud proofs allow Optimism transactions to be practically instant, but this comes at some costs.
Some argue that single-round fraud proofs undermine security, but the main issue is that relying on layer-1 for computation causes transaction fees on Optimism to be higher. This is because the state of the blockchain must be validated after each transaction. Heavy reliance on layer-1 for computation also limits how much data Optimism can handle at once, thus limiting the types of transactions that can be executed.
Another drawback is the Optimism Virtual Machine’s (OVM) lack of optimization. The OVM has limited compatibility with the Ethereum Virtual Machine (EVM) since it only works with the solidity coding language.
Another layer-2 network that uses optimistic rollups to scale the Ethereum blockchain is Arbitrum. Arbitrum is the most popular Ethereum layer-2 scaling solution, with over half the entire market. Arbitrum is natively compatible with all ERC-20 tokens, but its main currency for paying fees and posting bonds is ETH.
What sets Arbitrum apart from Optimism is that it uses multi-round fraud proofs. This means that rather than verifying the state of the entire transaction block on layer-1, Arbitrum only requires a fraud-proof to be submitted for the particular transactions that are being challenged. While multi-round fraud proofs make for slower transaction finality, the trade-off is for lower transaction fees since they don’t need to rely on layer-1 computations as much.
When comparing Arbitrum and Optimism, it’s clear that the former has won over market sentiment. Arbitrum also has some advantages over Optimism from a technical perspective.
Firstly, the Arbitrum Virtual Machine (AVM) is better optimized for EVM coding languages and doesn’t face the same compatibility issues as the OVM. This means that Arbitrum is more attractive to developers because applications don’t have to be rewritten in order to be translated from the EVM to the AVM. Secondly, Arbitrum relies less on layer-1 computations than Optimism does, which means it will face fewer issues in the event of a hard fork.
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