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Why Consumer Blockchains Need a Different Design Philosophy â Vanarâs Layer-1 Approach
Many individuals interpret that shortcomings of Consumer Blockchains are a result of Consumer Unpreparedness.
When Consumer adoption is not ready, the cause of this issue is generally placed upon Education and Timing.
Very little attention is given to how these systems are designed.
From an Industry perspective, the majority of Blockchains follow the same approach laid down by their early experimentation period. Blockchains were designed to allow maximum flexibility, composability and open-ended Execution. These characteristics are intended to promote innovation; however they introduce trade-offs which tend to cannot get predicted until the systems reach a high level of usage.
Consumer-facing applications have different requirements compared with Applications developed for Developers. Consumer-facing Applications require Predictable Performance, low Cognitive Overhead and Consistent Behaviour across Devices and Geographies.
When an Infrastructure is designed primarily for Developers and then Users, the friction within the system begins to accumulate. Fees become Unpredictable, Execution Paths become complicated and the System becomes very Difficult to Understand for Non-technical Users.
VANAR addresses this issue by treating Consumer Usability as an Infrastructure Problem rather than a Frontend Problem. The VANAR Layer-1 design has proven that a Layer -1 Design built upon Constrained Execution and a Predictable System will provide Improved Consumer Usability. The Architecture is designed with Stability, Fixed Costs, and Simplified Interaction Models in mind. Rather than Expanding the Surface Area, the Network is constructed for Predictable Consumer Usage Patterns and Long-Term Usability. This design reflects an Understanding of the Limitations of the Design; it is a Conscious Choice rather than a Weakness.
The project context expresses this direction:
The consumer network is a fit for consumer-based applications.
The performance assumptions are based on a steady average of use.
The execution pattern is built around defined patterns of interaction.
The fees are designed to be consistent, not volatile.
The selected infrastructure is designed for access at the device level.
The complexity of the system has been consciously minimized.
The governance of the system is focused on continuity and restraint.
Developers have an established scope of latitude.
The long-term maintainability of the architecture has been prioritized over short-term profit.
Over time, this approach will become important as consumer infrastructure ages differently than experimental infrastructure. As institutions require long-term platforms that present consistent behaviour over multiple years, users will benefit from experiencing their environments as stable rather than continually adapting. Ecosystems mature most effectively when their base layer is changed in a consistently predictable manner so that applications can continue to grow without continually having to re-learn the basic rules.
VANAR illustrates an underlying principle for the design of systems.
A consumer blockchain does not require continuous and excessive expansion. A consumer blockchain requires an underlying infrastructure that remains in its original form and shape.
@Vanarchain
$VANRY
#vanar
When Consumer adoption is not ready, the cause of this issue is generally placed upon Education and Timing.
Very little attention is given to how these systems are designed.
From an Industry perspective, the majority of Blockchains follow the same approach laid down by their early experimentation period. Blockchains were designed to allow maximum flexibility, composability and open-ended Execution. These characteristics are intended to promote innovation; however they introduce trade-offs which tend to cannot get predicted until the systems reach a high level of usage.
Consumer-facing applications have different requirements compared with Applications developed for Developers. Consumer-facing Applications require Predictable Performance, low Cognitive Overhead and Consistent Behaviour across Devices and Geographies.
When an Infrastructure is designed primarily for Developers and then Users, the friction within the system begins to accumulate. Fees become Unpredictable, Execution Paths become complicated and the System becomes very Difficult to Understand for Non-technical Users.
VANAR addresses this issue by treating Consumer Usability as an Infrastructure Problem rather than a Frontend Problem. The VANAR Layer-1 design has proven that a Layer -1 Design built upon Constrained Execution and a Predictable System will provide Improved Consumer Usability. The Architecture is designed with Stability, Fixed Costs, and Simplified Interaction Models in mind. Rather than Expanding the Surface Area, the Network is constructed for Predictable Consumer Usage Patterns and Long-Term Usability. This design reflects an Understanding of the Limitations of the Design; it is a Conscious Choice rather than a Weakness.
The project context expresses this direction:
The consumer network is a fit for consumer-based applications.
The performance assumptions are based on a steady average of use.
The execution pattern is built around defined patterns of interaction.
The fees are designed to be consistent, not volatile.
The selected infrastructure is designed for access at the device level.
The complexity of the system has been consciously minimized.
The governance of the system is focused on continuity and restraint.
Developers have an established scope of latitude.
The long-term maintainability of the architecture has been prioritized over short-term profit.
Over time, this approach will become important as consumer infrastructure ages differently than experimental infrastructure. As institutions require long-term platforms that present consistent behaviour over multiple years, users will benefit from experiencing their environments as stable rather than continually adapting. Ecosystems mature most effectively when their base layer is changed in a consistently predictable manner so that applications can continue to grow without continually having to re-learn the basic rules.
VANAR illustrates an underlying principle for the design of systems.
A consumer blockchain does not require continuous and excessive expansion. A consumer blockchain requires an underlying infrastructure that remains in its original form and shape.
@Vanarchain
$VANRY
#vanar
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Why Stablecoin Settlement Needs Its Own Blockchain â And Why Plasma Chose That Path
Although many people assume that Stablecoins are just simple digital cash, they also think that because Stablecoins have a stable price, then that means that the underlying infrastructure has already been solved.
In reality, the fact that Stablecoins appear to be stable at the surface actually creates a lot of complexity under the surface.
At the industry level, when a Stablecoin is settled, it will still be using a blockchain built for general-purpose usage. These types of networks were designed to provide Flexibility, rather than focus on the specific needs of High Volume Monetary Movement. As more people use Stablecoins, tradeoffs will occur between settling finality and congestion, Fee Markets will be fluctuating based on the demand for services unrelated to Stablecoins, and Operational Risk will be increasing as more Stablecoins share Blockchain Infrastructure with Speculative Activity. All of these factors create Fragility for Stablecoin Infrastructure when users expect it to operate predictably, especially with Large-Scale Payment Flows and Institutions using it.
PLASMA XPL solves this issue by designing and constructing the Settlement Layer first, rather than making adjustments to it later. The Settlement Layer has been optimized to provide an optimal Way to Transfer Stablecoins as a Primary Function and not as an Additional Use Case. The Blockspace, Validation Logic, and Fee Mechanics of the Network have been designed to provide Predictable Throughput and Deterministic Performance. By utilizing a Narrowed Scope, the PLASMA XPL Network will accept some level of Limitation in order to provide Clarity and Reliability at the Infrastructure Level.
The project context provides explanation of these decisions:
The network is intended for settlement of stablecoins as the primary infrastructure.
The network focuses on maintaining of stability over diversity of features.
Long-term functionality is prioritized with regard to how the architecture is designed.
Execution paths are simplified to mitigate the number of potential edge cases.
Throughput assumptions have been projected against defined paths of payment flows.
Operational continuity has guided the design of the governance model.
Settlement integrity has determined the development of all security models.
A thought of as a limiting factor rather than a primary goal.
The architecture is based on how and why money will be used.
While that will be vital to long-term success, it will also allow for stablecoins to increasingly provide the connective tissue between all financial systems. Consequently, financial institutions require environments where the behaviour of users remains stable over time, and not just through market cycles. Administrative problems are solved for users because the cost of the transaction and settlement can be predicted. Many ecosystems benefit from the idea of boring, slowly changing, and easily understood core monetary infrastructure.
The focus of the infrastructure is on the long-term viability of projects, therefore it is believed that while some blockchains function in the spirit of experimentation, others are built for settlement purposes. Separating the two functions of blockchains has allowed the resulting infrastructure systems to age more gracefully than when they are offered as both experiment and settlement platforms. The reason a properly functioning infrastructure will feel unexciting is that a functioning infrastructure usually is meant to be a dependable resource and, as such, it might not always be interesting.
@Plasma $XPL #plasma
In reality, the fact that Stablecoins appear to be stable at the surface actually creates a lot of complexity under the surface.
At the industry level, when a Stablecoin is settled, it will still be using a blockchain built for general-purpose usage. These types of networks were designed to provide Flexibility, rather than focus on the specific needs of High Volume Monetary Movement. As more people use Stablecoins, tradeoffs will occur between settling finality and congestion, Fee Markets will be fluctuating based on the demand for services unrelated to Stablecoins, and Operational Risk will be increasing as more Stablecoins share Blockchain Infrastructure with Speculative Activity. All of these factors create Fragility for Stablecoin Infrastructure when users expect it to operate predictably, especially with Large-Scale Payment Flows and Institutions using it.
PLASMA XPL solves this issue by designing and constructing the Settlement Layer first, rather than making adjustments to it later. The Settlement Layer has been optimized to provide an optimal Way to Transfer Stablecoins as a Primary Function and not as an Additional Use Case. The Blockspace, Validation Logic, and Fee Mechanics of the Network have been designed to provide Predictable Throughput and Deterministic Performance. By utilizing a Narrowed Scope, the PLASMA XPL Network will accept some level of Limitation in order to provide Clarity and Reliability at the Infrastructure Level.
The project context provides explanation of these decisions:
The network is intended for settlement of stablecoins as the primary infrastructure.
The network focuses on maintaining of stability over diversity of features.
Long-term functionality is prioritized with regard to how the architecture is designed.
Execution paths are simplified to mitigate the number of potential edge cases.
Throughput assumptions have been projected against defined paths of payment flows.
Operational continuity has guided the design of the governance model.
Settlement integrity has determined the development of all security models.
A thought of as a limiting factor rather than a primary goal.
The architecture is based on how and why money will be used.
While that will be vital to long-term success, it will also allow for stablecoins to increasingly provide the connective tissue between all financial systems. Consequently, financial institutions require environments where the behaviour of users remains stable over time, and not just through market cycles. Administrative problems are solved for users because the cost of the transaction and settlement can be predicted. Many ecosystems benefit from the idea of boring, slowly changing, and easily understood core monetary infrastructure.
The focus of the infrastructure is on the long-term viability of projects, therefore it is believed that while some blockchains function in the spirit of experimentation, others are built for settlement purposes. Separating the two functions of blockchains has allowed the resulting infrastructure systems to age more gracefully than when they are offered as both experiment and settlement platforms. The reason a properly functioning infrastructure will feel unexciting is that a functioning infrastructure usually is meant to be a dependable resource and, as such, it might not always be interesting.
@Plasma $XPL #plasma
Traduci
Many consumer blockchain projects do not succeed due to a lack of user interest but rather because they were built for developers to experiment with on a low-level basis rather than users on a high-level basis (operationalized as daily use). Most of the infrastructure was built for maximum developer freedom, experimentation, and flexibility; when applications scale up and reach consumer-level usage these three factors create tradeoffs that manifest themselves as inconsistent transaction costs, complex transaction paths, and unreliable performance.
Vanar's Layer-1 approach assumes that usability is not an afterthought but rather should be thought of as an issue of infrastructure. Vanar's Layer-1 network is designed with the following characteristics: constrained execution, predictable behaviour, and long-term operability. Clearly defining the scope of the network and establishing accepted boundaries and limits is critical to facilitating stable, ongoing operations; rather than a never-ending quest for increasing scope.
This philosophy indicates that the importance of Consumer-facing infrastructure is more about levels of understanding, consistency, and durability over time than quick, rapid evolution.
@Vanarchain $VANRY #vanar
Vanar's Layer-1 approach assumes that usability is not an afterthought but rather should be thought of as an issue of infrastructure. Vanar's Layer-1 network is designed with the following characteristics: constrained execution, predictable behaviour, and long-term operability. Clearly defining the scope of the network and establishing accepted boundaries and limits is critical to facilitating stable, ongoing operations; rather than a never-ending quest for increasing scope.
This philosophy indicates that the importance of Consumer-facing infrastructure is more about levels of understanding, consistency, and durability over time than quick, rapid evolution.
@Vanarchain $VANRY #vanar
Traduci
Today, the majority of stablecoins operate on the same blockchains as all other applications, experiments and speculative activity and share the same space for running on a blockchain's resources. As a result of this co-mingling of stablecoins with other uses, over time, an imbalance occurs between the predictable availability, fees payable and absolute certainty regarding finalisation. These imbalances can have consequences when stablecoins are acting as necessary infrastructure rather than simply as an end product.
Plasma XPL has a fundamental design philosophy very different than the majority of stablecoins. Specifically, it considers stablecoin settlement as the primary purpose of the technology versus a secondary use. Thus, the network has been designed to deliver high levels of throughput with simple execution paths while creating an atmosphere of long-term transparency regarding the stability and operation of the network. By concentrating on the primary purpose (stablecoin settlement), this design minimises flexibility to give priority to reliability.
This design direction reflects a much larger perspective: discrete currency and monetary systems do not need to be constantly evolving in order for them to still be valuable. Instead, for currency and monetary systems to have value, they must be easy to understand, create a stable monetary system and endure through time. When settlement systems are constructed by taking these attributes into account, they tend to operate for an extended period of time with significantly fewer failures than systems that do not take these attributes into account.
@Plasma $XPL #Plasma
Plasma XPL has a fundamental design philosophy very different than the majority of stablecoins. Specifically, it considers stablecoin settlement as the primary purpose of the technology versus a secondary use. Thus, the network has been designed to deliver high levels of throughput with simple execution paths while creating an atmosphere of long-term transparency regarding the stability and operation of the network. By concentrating on the primary purpose (stablecoin settlement), this design minimises flexibility to give priority to reliability.
This design direction reflects a much larger perspective: discrete currency and monetary systems do not need to be constantly evolving in order for them to still be valuable. Instead, for currency and monetary systems to have value, they must be easy to understand, create a stable monetary system and endure through time. When settlement systems are constructed by taking these attributes into account, they tend to operate for an extended period of time with significantly fewer failures than systems that do not take these attributes into account.
@Plasma $XPL #Plasma
Traduci
WHY THIS MATTERS LONG TERM :
Financial infrastructure typically lasts longer than the regulations that dictate how it is operated. Additionally, Financial Institutions that do not initially include privacy as part of their design will likely experience difficulties in transitioning to being privacy compliant later on. Furthermore, for Financial Institutions, Reliable Privacy will minimize the amount of Legal Risk and Operational Exposure. Likewise for Users, Reliable Privacy can reduce the chance of Unintentional Data Leakage and Profiling. Also, from an Ecosystem perspective, Privacy Preserving Infrastructure creates a Settlement Layer that does not concentrate the most Sensitive Information. DUSK is making a Contribution to this effort by embedding Privacy into the Base Layer of the Protocol. Privacy is much harder to be circumvented or Removed from the Base Layer. After time, this allows for Regulated Participation without losing the Key Properties of a Decentralized System. The Build Long-term Trust through Transparency and Restraint.
@Dusk $DUSK #dusk
Financial infrastructure typically lasts longer than the regulations that dictate how it is operated. Additionally, Financial Institutions that do not initially include privacy as part of their design will likely experience difficulties in transitioning to being privacy compliant later on. Furthermore, for Financial Institutions, Reliable Privacy will minimize the amount of Legal Risk and Operational Exposure. Likewise for Users, Reliable Privacy can reduce the chance of Unintentional Data Leakage and Profiling. Also, from an Ecosystem perspective, Privacy Preserving Infrastructure creates a Settlement Layer that does not concentrate the most Sensitive Information. DUSK is making a Contribution to this effort by embedding Privacy into the Base Layer of the Protocol. Privacy is much harder to be circumvented or Removed from the Base Layer. After time, this allows for Regulated Participation without losing the Key Properties of a Decentralized System. The Build Long-term Trust through Transparency and Restraint.
@Dusk $DUSK #dusk
Traduci
DUSK's DESIGN PRESPECTIVE :
At DUSK, financial privacy is viewed as part and parcel to the network's architectural structure; DUSK's architecture is designed to support the use of blockchains in markets requiring a combination of identity, confidentiality, and verification; DUSK uses encryption and cryptography to provide third-party transaction verification while protecting users' transaction history by only allowing selective access. Thus, the connection between 'validity' and 'visibility' is based on practical, regulatory conditions rather than on theoretical anonymity. The intent of this design is to recognize the complexity of building blockchains that are usable by all regulated institutions while circumventing the need to choose between privacy or compliance. Privacy should be considered as an integral part of the infrastructure of any blockchain; therefore, Privacy is a calculated and, therefore, predictable attribute of the system rather than being a 'one-off' that is managed externally.
@Dusk $DUSK #dusk
At DUSK, financial privacy is viewed as part and parcel to the network's architectural structure; DUSK's architecture is designed to support the use of blockchains in markets requiring a combination of identity, confidentiality, and verification; DUSK uses encryption and cryptography to provide third-party transaction verification while protecting users' transaction history by only allowing selective access. Thus, the connection between 'validity' and 'visibility' is based on practical, regulatory conditions rather than on theoretical anonymity. The intent of this design is to recognize the complexity of building blockchains that are usable by all regulated institutions while circumventing the need to choose between privacy or compliance. Privacy should be considered as an integral part of the infrastructure of any blockchain; therefore, Privacy is a calculated and, therefore, predictable attribute of the system rather than being a 'one-off' that is managed externally.
@Dusk $DUSK #dusk
Visualizza originale
PRIVACY NEI SISTEMI REGOLATI :
La privacy non è uguale alla regolamentazione. Piuttosto, è un componente intrinseco di un sistema finanziario di successo. Ad esempio, i registri condivisi migliorano la trasparenza, ma rivelare i dati completi delle transazioni presenta sia problemi legali che operativi per l'istituzione. Le istituzioni hanno anche la responsabilità di proteggere le loro controparti e i clienti da un uso improprio delle informazioni, mantenendo al contempo la conformità con i loro obblighi legali. L'assenza di privacy costringe le istituzioni a portare le loro operazioni commerciali sensibili off-chain, il che ha un effetto dannoso sulla capacità dell'istituzione di monitorare tutte le attività attraverso tutti i canali, creando cosÏ una maggiore frammentazione della supervisione. La privacy e la trasparenza saranno sempre in opposizione l'una all'altra in termini di avere l'infrastruttura necessaria per creare un ecosistema finanziario funzionante. La necessità di "visibilità controllata" (cioè, la capacità di dimostrare che la tua operazione è "corretta" senza divulgare troppe informazioni) descrive la privacy tanto quanto la segretezza. In altre parole, la privacy non riguarda solo avere informazioni segrete, ma riguarda anche la divulgazione di ciò che è rilevante per raggiungere i tuoi obiettivi finali, minimizzando la necessità di altre divulgazioni. Infine, senza un design consapevole della privacy, la capacità di un'istituzione di adattarsi e conformarsi alle regolamentazioni rimarrà instabile.
@Dusk $DUSK #dusk
La privacy non è uguale alla regolamentazione. Piuttosto, è un componente intrinseco di un sistema finanziario di successo. Ad esempio, i registri condivisi migliorano la trasparenza, ma rivelare i dati completi delle transazioni presenta sia problemi legali che operativi per l'istituzione. Le istituzioni hanno anche la responsabilità di proteggere le loro controparti e i clienti da un uso improprio delle informazioni, mantenendo al contempo la conformità con i loro obblighi legali. L'assenza di privacy costringe le istituzioni a portare le loro operazioni commerciali sensibili off-chain, il che ha un effetto dannoso sulla capacità dell'istituzione di monitorare tutte le attività attraverso tutti i canali, creando cosÏ una maggiore frammentazione della supervisione. La privacy e la trasparenza saranno sempre in opposizione l'una all'altra in termini di avere l'infrastruttura necessaria per creare un ecosistema finanziario funzionante. La necessità di "visibilità controllata" (cioè, la capacità di dimostrare che la tua operazione è "corretta" senza divulgare troppe informazioni) descrive la privacy tanto quanto la segretezza. In altre parole, la privacy non riguarda solo avere informazioni segrete, ma riguarda anche la divulgazione di ciò che è rilevante per raggiungere i tuoi obiettivi finali, minimizzando la necessità di altre divulgazioni. Infine, senza un design consapevole della privacy, la capacità di un'istituzione di adattarsi e conformarsi alle regolamentazioni rimarrà instabile.
@Dusk $DUSK #dusk
Traduci
Why Privacy Still Matters in a Regulated Financial World
Privacy is often treated as a passing issue.
As systems develop and rules become established, privacy is usually viewed as no longer relevant.
In some regulated environments, the assumption that privacy is no longer needed can lead to industry-level structural issues. In the financial industry, the rise of shared ledgers, where transparency is inherently built into the system itself, has created a new type of transparency that creates auditability, but also exposes sensitive information about the participants, their strategies, and their relationships with each other.
In a regulated environment, organisations that operate in that regulated environment are required to restrict certain activities to provide confidentiality to the participant. However, due to the binary nature of the majority of blockchain systems, an organisation may either have to make its data open to the public or remove it from the system altogether. This creates barriers to the adoption of the system, decreases the amount of organisations that can use the system, and forces many of the most critical or essential functions to occur in non-visible or opaque processes.
The longer a system does not have privacy-aware infrastructure, the more the absence of privacy-aware infrastructure will deteriorate the levels of compliance and the levels of trust between the regulator and the organisation.
DUSK develops and treats Privacy as a Design Constraint as opposed to being an optional feature. With the development of a network-based on cryptographic techniques that provide Selective Disclosure, verification of transactions taking place can be done without having to share unnecessary details. DUSK's design is catered for by utilizing the regulated financial industry with use cases where Identity, Confidentiality and Auditability must exist in conjunction with each other. DUSK separates Transaction Validity from Data Visibility enabling compliance checks to occur without exposing the entire transaction history of users. Most of the decisions DUSK makes have to do with balancing Complexity versus Performance; DUSK has optimized its design for the long term to use in an Institutional Environment as opposed to simplicity in the short term.
The Importance of this Approach is that financial systems are often used by more than just individuals; Institutions and Regulators and Service Providers also need infrastructure which supports Privacy while providing Oversight. For Users this approach provides reduced exposure to Data Leakage and Unintentional Profiling; and for the Overall Ecosystem, DUSK helps to create a Model that does not position Privacy and Regulation as Opposing Forces but rather as Complementary Requirements in a single unified Infrastructure.
As Financial Systems Maturation happens they usually reflect the Constraints from which they were created.
Removing Privacy at a Later Date Requires a Higher Degree of Cost and Complexity to Re-Introduce Privacy.
@Dusk $DUSK #dusk
As systems develop and rules become established, privacy is usually viewed as no longer relevant.
In some regulated environments, the assumption that privacy is no longer needed can lead to industry-level structural issues. In the financial industry, the rise of shared ledgers, where transparency is inherently built into the system itself, has created a new type of transparency that creates auditability, but also exposes sensitive information about the participants, their strategies, and their relationships with each other.
In a regulated environment, organisations that operate in that regulated environment are required to restrict certain activities to provide confidentiality to the participant. However, due to the binary nature of the majority of blockchain systems, an organisation may either have to make its data open to the public or remove it from the system altogether. This creates barriers to the adoption of the system, decreases the amount of organisations that can use the system, and forces many of the most critical or essential functions to occur in non-visible or opaque processes.
The longer a system does not have privacy-aware infrastructure, the more the absence of privacy-aware infrastructure will deteriorate the levels of compliance and the levels of trust between the regulator and the organisation.
DUSK develops and treats Privacy as a Design Constraint as opposed to being an optional feature. With the development of a network-based on cryptographic techniques that provide Selective Disclosure, verification of transactions taking place can be done without having to share unnecessary details. DUSK's design is catered for by utilizing the regulated financial industry with use cases where Identity, Confidentiality and Auditability must exist in conjunction with each other. DUSK separates Transaction Validity from Data Visibility enabling compliance checks to occur without exposing the entire transaction history of users. Most of the decisions DUSK makes have to do with balancing Complexity versus Performance; DUSK has optimized its design for the long term to use in an Institutional Environment as opposed to simplicity in the short term.
The Importance of this Approach is that financial systems are often used by more than just individuals; Institutions and Regulators and Service Providers also need infrastructure which supports Privacy while providing Oversight. For Users this approach provides reduced exposure to Data Leakage and Unintentional Profiling; and for the Overall Ecosystem, DUSK helps to create a Model that does not position Privacy and Regulation as Opposing Forces but rather as Complementary Requirements in a single unified Infrastructure.
As Financial Systems Maturation happens they usually reflect the Constraints from which they were created.
Removing Privacy at a Later Date Requires a Higher Degree of Cost and Complexity to Re-Introduce Privacy.
@Dusk $DUSK #dusk
Traduci
WHY THIS MATTERS LONG TERM :
Beyond its influence on technical performance, the ability to successfully obtain data is essential for organisations to be able to appropriately interact with the decentralised nature of blockchain technology through providing audits and a history of interactions. Users will also have to rely on having the capability to validate the outcome of their transactions directly rather than having to rely on a middleware solution (such as an app or service). Developers are going to be able to experiment and develop applications on blockchain technology without being concerned about the application relying on a central point of failure since the data stored in the Walrus infrastructure will always be accessible. Ultimately, as Web3 technologies continue to grow and develop, the focus will change from can the network process activity, to can the network preserve it. Data availability also shapes governance, regulation and trust between users and the network, however, these impacts will be realised over an extended period of time. In the end, it is generally easier to reason about, regulate, and trust a system that has been designed to remember.
@Walrus đŚ/acc
$WAL
#walrus
Beyond its influence on technical performance, the ability to successfully obtain data is essential for organisations to be able to appropriately interact with the decentralised nature of blockchain technology through providing audits and a history of interactions. Users will also have to rely on having the capability to validate the outcome of their transactions directly rather than having to rely on a middleware solution (such as an app or service). Developers are going to be able to experiment and develop applications on blockchain technology without being concerned about the application relying on a central point of failure since the data stored in the Walrus infrastructure will always be accessible. Ultimately, as Web3 technologies continue to grow and develop, the focus will change from can the network process activity, to can the network preserve it. Data availability also shapes governance, regulation and trust between users and the network, however, these impacts will be realised over an extended period of time. In the end, it is generally easier to reason about, regulate, and trust a system that has been designed to remember.
@Walrus đŚ/acc
$WAL
#walrus
Traduci
The Walrus approach to addressing the problem of Data Availability emphasizes designing systems explicitly around the need for persistent, verifiable storage at scale; This does not couple data handling directly into executing the program. It leverages a decentralized storage primitive(s) that are designed to provide storage for long-lived datasets. It separates the publication of data from the need to trust the execution environment(s) where it was created. The Walrus design incorporates redundancy, sample based verification and distinctly assigned responsibilities for all parties involved with storing datasets. The design decisions made by the Walrus Project create trade off between efficient and predictable access to the storage medium and the short term optimisation of efficiency. The Walrus Project constructs its systems for the purpose of making data available rather than through-put. The Walrus Project views that systems scale by their reliable auditability, reconstruction and independent verification not simply by how fast they perform.
@Walrus đŚ/acc
$WAL
#walrus
@Walrus đŚ/acc
$WAL
#walrus
Traduci
Beyond the Speed with which a transaction is Executed or How Many Transactions can be Processed per Second.
When Scaling and the Web3 Space, the focus is often put on the speed of execution and throughput (i.e. the maximum amount of transactions that may be Executed at any given time). However, with the increase in volume of transaction data created by Rollup Solutions and Modular Chain Solutions, scaling involves not only Execution Speed but also the Historical Availability of that Transaction Data over an extended period of time. As the amount of Historical Availability decreases, the Decentralisation of the Network as a Possible Source of Propagation decreases, and many nodes Drop Out (Nodal Disconnect) from the network, resulting in the Decrease of Individual Verification Activities, and potentially Historical Transparency rests in the hands of a Limited Number of Providers. Therefore, the Historical Availability issue is not only an Immediate Problem, but a Long-Term Structural Problem. As a result of these issues, the focus on the Historical Availability of Transaction Data is shifting to the Core Concern of Scaling instead of being simply in the Implementation Category.
@Walrus đŚ/acc
$WAL
#walrus
When Scaling and the Web3 Space, the focus is often put on the speed of execution and throughput (i.e. the maximum amount of transactions that may be Executed at any given time). However, with the increase in volume of transaction data created by Rollup Solutions and Modular Chain Solutions, scaling involves not only Execution Speed but also the Historical Availability of that Transaction Data over an extended period of time. As the amount of Historical Availability decreases, the Decentralisation of the Network as a Possible Source of Propagation decreases, and many nodes Drop Out (Nodal Disconnect) from the network, resulting in the Decrease of Individual Verification Activities, and potentially Historical Transparency rests in the hands of a Limited Number of Providers. Therefore, the Historical Availability issue is not only an Immediate Problem, but a Long-Term Structural Problem. As a result of these issues, the focus on the Historical Availability of Transaction Data is shifting to the Core Concern of Scaling instead of being simply in the Implementation Category.
@Walrus đŚ/acc
$WAL
#walrus
Traduci
Why Data Availability Is Becoming the Bottleneck of Web3 Scaling
We often think of scalingâvolume, speed and latencyâwhen it comes to technological advancement.
However, scaling may slow down for legitimate, less visible reasons.
Currently, many of the powerful, faster blockchains such as Ethereum suffer from a lack of 'data availability' in order for more users to access their systems (i.e., transaction history and other verification records) than they currently have receptors for.
Every time rollups and modular designs increase in number or velocity, they generate a greater quantity of 'raw data' at a rate which is faster than our ability to verify their claim to be the same type of data as it appears on the main blockchain. The result is an increasing amount of trade-offs between cost, decentralization and security. As data becomes prohibitively expensive or hard to retrieve, smaller players fall away, and further assumptions of trust increase quietly. So, gradually, scaling has transitioned from being an engineering issue to a constraint placed on the level at which we can provide scalable solutions.
Walrus's method of dealing with this problem is to view data availability as an integral and foundational part of the design process rather than just something that happens after the fact. It uses decentralized storage structures for storing large amounts of user-generated content, which will include long-term data and not just immediate information exchanged through regular business transactions. Walrus is designed to provide predictable access to stored data and to verify the authenticity of stored data for the long term by separating the processes of publishing data from the processes of executing various programs within the system. To maintain the availability of user-generated content and the related services offered to users, the system also contains large amounts of redundancy and provides for verification of stored data through sampling-based methods. This means that data availability does not necessarily equate to maximum transaction throughput, but allows for predictable access to historical data by applications, auditing, and regulatory bodies and thereby creates a trust relationship between an institution and the users of the institution's services. Users have less reliance on third parties and historical data retention services. In the broader context of the Walrus ecosystem, the use of a decentralized and distributed system like Walrus enables a wider scale of experiments without placing excessive power over the ownership of the underlying data with any single actor.
The longer-term value of the data-availability perspective is that data availability is a critical building block of institutional trust and user sovereignty. The ability of users, application developers, auditors, and regulatory agencies to verify historical information independently supports long-term development projects. And, as the demand for using the infrastructure of Walrus continues to increase over time, there is a growing opportunity to conduct modular experimentation without risking control over the data assets that support this experimentation.
@Walrus đŚ/acc $WAL #walrus
However, scaling may slow down for legitimate, less visible reasons.
Currently, many of the powerful, faster blockchains such as Ethereum suffer from a lack of 'data availability' in order for more users to access their systems (i.e., transaction history and other verification records) than they currently have receptors for.
Every time rollups and modular designs increase in number or velocity, they generate a greater quantity of 'raw data' at a rate which is faster than our ability to verify their claim to be the same type of data as it appears on the main blockchain. The result is an increasing amount of trade-offs between cost, decentralization and security. As data becomes prohibitively expensive or hard to retrieve, smaller players fall away, and further assumptions of trust increase quietly. So, gradually, scaling has transitioned from being an engineering issue to a constraint placed on the level at which we can provide scalable solutions.
Walrus's method of dealing with this problem is to view data availability as an integral and foundational part of the design process rather than just something that happens after the fact. It uses decentralized storage structures for storing large amounts of user-generated content, which will include long-term data and not just immediate information exchanged through regular business transactions. Walrus is designed to provide predictable access to stored data and to verify the authenticity of stored data for the long term by separating the processes of publishing data from the processes of executing various programs within the system. To maintain the availability of user-generated content and the related services offered to users, the system also contains large amounts of redundancy and provides for verification of stored data through sampling-based methods. This means that data availability does not necessarily equate to maximum transaction throughput, but allows for predictable access to historical data by applications, auditing, and regulatory bodies and thereby creates a trust relationship between an institution and the users of the institution's services. Users have less reliance on third parties and historical data retention services. In the broader context of the Walrus ecosystem, the use of a decentralized and distributed system like Walrus enables a wider scale of experiments without placing excessive power over the ownership of the underlying data with any single actor.
The longer-term value of the data-availability perspective is that data availability is a critical building block of institutional trust and user sovereignty. The ability of users, application developers, auditors, and regulatory agencies to verify historical information independently supports long-term development projects. And, as the demand for using the infrastructure of Walrus continues to increase over time, there is a growing opportunity to conduct modular experimentation without risking control over the data assets that support this experimentation.
@Walrus đŚ/acc $WAL #walrus
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$VANRY Not every blockchain is meant to impress developers first; some are built for the people who actually use the products.
Many blockchains focus on attracting new users; however, very few of them build their technology to provide the greatest user experience with their product. Vanar, however, takes a different approach. They prioritize the user experience first and foremost. The creators of Vanar come from fields such as gaming, entertainment, and user-focused brands. As a result, the way they have developed their entire ecosystem reflects these areas of expertise.
Instead of trying to get a user to understand the complexities of cryptocurrency, Vanar has integrated Web3 capabilities into the types of environments that are currently popular with consumers. Video games, metaverse platforms, and virtual experiences are all examples of the kinds of environments that Vanar has designed around the concept of integrated product offerings and interaction (as opposed to de-coupled offerings). Virtua Metaverse and VGN gaming network are examples of both ownership and interaction and also highlight how both of these elements can be combined to create a more engaging experience for a consumer.
As Web3 continues to evolve and more users begin to experience its benefits, it will be through platforms that are seamlessly integrated into their day-to-day lives and focus on delivering value and enjoyment that these users will adopt Web3 technologies. As a result of that, Vanar's Layer 1 network will be positioned to provide technology for tangible real-world use, not just to crypto-related companies and consumers.
In the end, adoption happens when technology steps back and the experience speaks for itself.
@Vanarchain #vanar
Many blockchains focus on attracting new users; however, very few of them build their technology to provide the greatest user experience with their product. Vanar, however, takes a different approach. They prioritize the user experience first and foremost. The creators of Vanar come from fields such as gaming, entertainment, and user-focused brands. As a result, the way they have developed their entire ecosystem reflects these areas of expertise.
Instead of trying to get a user to understand the complexities of cryptocurrency, Vanar has integrated Web3 capabilities into the types of environments that are currently popular with consumers. Video games, metaverse platforms, and virtual experiences are all examples of the kinds of environments that Vanar has designed around the concept of integrated product offerings and interaction (as opposed to de-coupled offerings). Virtua Metaverse and VGN gaming network are examples of both ownership and interaction and also highlight how both of these elements can be combined to create a more engaging experience for a consumer.
As Web3 continues to evolve and more users begin to experience its benefits, it will be through platforms that are seamlessly integrated into their day-to-day lives and focus on delivering value and enjoyment that these users will adopt Web3 technologies. As a result of that, Vanar's Layer 1 network will be positioned to provide technology for tangible real-world use, not just to crypto-related companies and consumers.
In the end, adoption happens when technology steps back and the experience speaks for itself.
@Vanarchain #vanar
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Vanarâs Vision: Making Web3 Practical for the Next 3 Billion Users
When you look at Vanar, it feels less like a blockchain experiment and more like something built for people who will actually use it.
Unlike other Layer 1 blockchains that make complicated, techie promises to developers, Vanar built itself from the beginning around one idea: to make Web3 accessible, aspirational and scalable for everyday people. They do not talk about infrastructure; instead, they look to the way users, brands and creators engage with technology in the real world.Vanar's point of differentiation comes from the proven track record of their team. While most Layer 1 blockchains say they are building for the future of crypto, many of the people who are building Vanar have significant experience working with gaming companies, content providers and global brands. This experience is critical when driving adoption because it is very unlikely that someone will adopt this technology simply because they have read a white paper. People will only adopt these technologies by using products they love and enjoy, such as games, virtual worlds, entertainment and interactivity. Vanar has designed its platform to help provide smooth access to this technology for developers to build these types of products.Vanar has a multiple-pronged approach to supporting an ecosystem that integrates multiple sectors (verticals) of business types into one entity. While gaming is at its core with the VGN gaming network supporting scalable, user-friendly blockchain games as a major initiative, the Virtua Metaverse takes things up a notch by creating immersive environments containing digital ownership elements to provide brand-user interaction opportunities within easily recognizable experiences as opposed to something more experimental. Beyond gaming and the Virtua Metaverse, Vanar is working on AI and environmentally friendly projects to bridge the gap between Web2 and Web3 technology for Brands and Users.The approach of having a multi-product offering is critical because the next generation of Web3 users will come through a variety of methods i.e,entertainment, social interaction, branded products and services, and while these users may not be aware that they are using blockchain technology under the hood, Vanar's infrastructure has been designed to accommodate this range of user needs without requiring them to have a full understanding of the underlying technologies.Vanar's VANRY token sits at the center of the company's ecosystem and serves as the basis for all transactions, participation, and value exchange throughout its product network. Rather than providing speculative value, VANRY has significant utility in supporting the growth and sustainability of Vanar's ecosystem.As Web3 continues its growth from early to mainstream adoption, the value of a user-friendly platform and one that is effectively serving the needs of "real" businesses will far outweigh any short-term hype and promotions of other companies. The focus of the company on providing consumers with a great experience, establishing partnerships with traditional businesses, and developing usable products have positioned them as a true Layer 1 company that is not just for the crypto native, but for the future millions of consumers that may not know they are entering Web3.In the end, what matters is whether people actually enjoy using it.@Vanarchain $VANRY #vanar
Unlike other Layer 1 blockchains that make complicated, techie promises to developers, Vanar built itself from the beginning around one idea: to make Web3 accessible, aspirational and scalable for everyday people. They do not talk about infrastructure; instead, they look to the way users, brands and creators engage with technology in the real world.Vanar's point of differentiation comes from the proven track record of their team. While most Layer 1 blockchains say they are building for the future of crypto, many of the people who are building Vanar have significant experience working with gaming companies, content providers and global brands. This experience is critical when driving adoption because it is very unlikely that someone will adopt this technology simply because they have read a white paper. People will only adopt these technologies by using products they love and enjoy, such as games, virtual worlds, entertainment and interactivity. Vanar has designed its platform to help provide smooth access to this technology for developers to build these types of products.Vanar has a multiple-pronged approach to supporting an ecosystem that integrates multiple sectors (verticals) of business types into one entity. While gaming is at its core with the VGN gaming network supporting scalable, user-friendly blockchain games as a major initiative, the Virtua Metaverse takes things up a notch by creating immersive environments containing digital ownership elements to provide brand-user interaction opportunities within easily recognizable experiences as opposed to something more experimental. Beyond gaming and the Virtua Metaverse, Vanar is working on AI and environmentally friendly projects to bridge the gap between Web2 and Web3 technology for Brands and Users.The approach of having a multi-product offering is critical because the next generation of Web3 users will come through a variety of methods i.e,entertainment, social interaction, branded products and services, and while these users may not be aware that they are using blockchain technology under the hood, Vanar's infrastructure has been designed to accommodate this range of user needs without requiring them to have a full understanding of the underlying technologies.Vanar's VANRY token sits at the center of the company's ecosystem and serves as the basis for all transactions, participation, and value exchange throughout its product network. Rather than providing speculative value, VANRY has significant utility in supporting the growth and sustainability of Vanar's ecosystem.As Web3 continues its growth from early to mainstream adoption, the value of a user-friendly platform and one that is effectively serving the needs of "real" businesses will far outweigh any short-term hype and promotions of other companies. The focus of the company on providing consumers with a great experience, establishing partnerships with traditional businesses, and developing usable products have positioned them as a true Layer 1 company that is not just for the crypto native, but for the future millions of consumers that may not know they are entering Web3.In the end, what matters is whether people actually enjoy using it.@Vanarchain $VANRY #vanar
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$XPL For most users, a good payment system is one they donât have to think about.
While stablecoins are a viable means of payment, most blockchain's treat stablecoins as a simple token option in an ecosystem filled with high gas fees, lengthy confirmation times, and complex transfer methods which can make the process of transferring your stablecoin much more difficult than it should be. The Plasma Protocol bypasses the blockchain's shortcomings by combining a Layer 1 chain built solely for the settlement of stablecoins with the benefits of speed and no-gas transfer options. The Plasma Protocol provides an extremely fast and durable layer-one chain for stablecoin transfers.
Plasma enables users to send and receive USDT without incurring gas fees, so users don't have to hold volatile tokens to transfer their stablecoins. Plasma provides a transparent and predictable payment mechanism that allows users to send and receive payments within sub-seconds, a feature that is crucial for many real-world transactions that cannot afford to delay their completion.
Plasma allows EVM developers to build dApps that are EVM compatible, allowing for seamless development. To ensure security, the Plasma Protocol uses the Bitcoin network as a means of anchoring, providing a high level of neutrality and censorship resistance. The Plasma Protocol is not pursuing hype; rather it is seeking to understand how stablecoin will be used on a daily basis.
@Plasma #Plasma
While stablecoins are a viable means of payment, most blockchain's treat stablecoins as a simple token option in an ecosystem filled with high gas fees, lengthy confirmation times, and complex transfer methods which can make the process of transferring your stablecoin much more difficult than it should be. The Plasma Protocol bypasses the blockchain's shortcomings by combining a Layer 1 chain built solely for the settlement of stablecoins with the benefits of speed and no-gas transfer options. The Plasma Protocol provides an extremely fast and durable layer-one chain for stablecoin transfers.
Plasma enables users to send and receive USDT without incurring gas fees, so users don't have to hold volatile tokens to transfer their stablecoins. Plasma provides a transparent and predictable payment mechanism that allows users to send and receive payments within sub-seconds, a feature that is crucial for many real-world transactions that cannot afford to delay their completion.
Plasma allows EVM developers to build dApps that are EVM compatible, allowing for seamless development. To ensure security, the Plasma Protocol uses the Bitcoin network as a means of anchoring, providing a high level of neutrality and censorship resistance. The Plasma Protocol is not pursuing hype; rather it is seeking to understand how stablecoin will be used on a daily basis.
@Plasma #Plasma
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$WAL Itâs not exciting infrastructure, but itâs the kind that makes everything else possible.
Many Web3 problems don't require a new and exciting solution. The type of problem requires an unexciting and necessary online service. Storage is an example of this. If there is no dependency on storage media, then decentralisation cannot work.
Rather than trying to replace blockchain technologies, Walrus is designed to provide an alternative way of storing and accessing data that blockchains were never intended to do. In addition, Walrus will provide users with a lighter and more efficient version of applications, and will require less effort to maintain over time.
Durability is a major consideration for Walrus. It is assumed that as time passes, the number of users of Walrus will increase and the amount of data will increase. Because of this assumption, Walrus has developed a strategy to assist the future growth of Web3 towards becoming as mainstream as it is today. Some of the more valuable developments within Web3 are occurring behind the scene; they may be the most impactful ones.
@Walrus đŚ/acc #walrus
Many Web3 problems don't require a new and exciting solution. The type of problem requires an unexciting and necessary online service. Storage is an example of this. If there is no dependency on storage media, then decentralisation cannot work.
Rather than trying to replace blockchain technologies, Walrus is designed to provide an alternative way of storing and accessing data that blockchains were never intended to do. In addition, Walrus will provide users with a lighter and more efficient version of applications, and will require less effort to maintain over time.
Durability is a major consideration for Walrus. It is assumed that as time passes, the number of users of Walrus will increase and the amount of data will increase. Because of this assumption, Walrus has developed a strategy to assist the future growth of Web3 towards becoming as mainstream as it is today. Some of the more valuable developments within Web3 are occurring behind the scene; they may be the most impactful ones.
@Walrus đŚ/acc #walrus
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$DUSK DeFi built for regulation is not meant to limit the freedoms of those using the service, but instead provide a way for the DeFi industry to develop and survive in a true production environment. Real-world adoption of DeFi is not just about innovation but also involves building a structure around that innovation to provide the necessary governance, risk management, and compliance to operate as a real business.
By creating rules on-chain and providing the means for privacy-compliant DeFi, Dusk has made it possible for the DeFi user to settle transactions more quickly and trustfully without needing to rely on an intermediary for settlement, and while complying with all laws. As DeFi continues to grow, networks that are built around responsible business practices will be able to attract more serious participants. Dusk exemplifies this movement toward real-world use of DeFi.
@Dusk #dusk
By creating rules on-chain and providing the means for privacy-compliant DeFi, Dusk has made it possible for the DeFi user to settle transactions more quickly and trustfully without needing to rely on an intermediary for settlement, and while complying with all laws. As DeFi continues to grow, networks that are built around responsible business practices will be able to attract more serious participants. Dusk exemplifies this movement toward real-world use of DeFi.
@Dusk #dusk
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$DUSK Privacy isnât about hiding things, itâs about sharing only whatâs necessary.
Transparency is one of the most difficult aspects of DeFi. On the one hand, being open creates trust; on the other hand, being too visible discourages people from participating. Because trades, assets, and counterparties are exposed to the public, they are subject to increased risk. To solve this issue, Dusk Network is separating verification from disclosure.
When using Dusk, transactions can still be verified as valid without revealing all of the details. This allows regulators and auditors to review the required information, but it does not force the entire system to publicly display all of the sensitive information that is occurring within the Dusk network. Therefore, Dusk allows DeFi to become a practical way for professionals to invest in cryptocurrency while creating a bridge between decentralized finance and traditional finance.
@Dusk #dusk
Transparency is one of the most difficult aspects of DeFi. On the one hand, being open creates trust; on the other hand, being too visible discourages people from participating. Because trades, assets, and counterparties are exposed to the public, they are subject to increased risk. To solve this issue, Dusk Network is separating verification from disclosure.
When using Dusk, transactions can still be verified as valid without revealing all of the details. This allows regulators and auditors to review the required information, but it does not force the entire system to publicly display all of the sensitive information that is occurring within the Dusk network. Therefore, Dusk allows DeFi to become a practical way for professionals to invest in cryptocurrency while creating a bridge between decentralized finance and traditional finance.
@Dusk #dusk
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$WAL This feels less about trends and more about whether Web3 can actually last.
Web3 systems can handle low levels of activity, but as the usage volume grows, thatâs where the web infrastructure becomes critical. Storage, in particular, can often be a bottleneck. Without the proper metadata, or an asset being unavailable at a critical moment, it can cause a great deal of frustration and quickly erode a userâs trust.
Walrus was designed to scale with the growth of demand. Instead of viewing data storage as a temporary solution, it takes on the responsibility of data management long-term by decentralising how data is stored and accessed. This decentralisation model has a dual benefit by significantly reducing potential failure points. It allows applications to remain functional and responsive during peak demand periods. Strong web infrastructure goes unseen, but weak infrastructure is evident everywhere.
@Walrus đŚ/acc #walrus
Web3 systems can handle low levels of activity, but as the usage volume grows, thatâs where the web infrastructure becomes critical. Storage, in particular, can often be a bottleneck. Without the proper metadata, or an asset being unavailable at a critical moment, it can cause a great deal of frustration and quickly erode a userâs trust.
Walrus was designed to scale with the growth of demand. Instead of viewing data storage as a temporary solution, it takes on the responsibility of data management long-term by decentralising how data is stored and accessed. This decentralisation model has a dual benefit by significantly reducing potential failure points. It allows applications to remain functional and responsive during peak demand periods. Strong web infrastructure goes unseen, but weak infrastructure is evident everywhere.
@Walrus đŚ/acc #walrus
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Gasless USDT Transfers? How Plasma Is Rethinking Stablecoin Payments
When you look at how people actually use stablecoins, it becomes clear that the problem isnât demand, itâs friction.
The most commonly used digital currency in the cryptocurrency ecosystem is Stablecoins, which is an important part of the ecosystem with millions of users using it for a variety of purposes from Global payments, Remittances to day to day transactions. The problem with most Stablecoins is that they operate on blockchains not originally designed for this type of product, hence the high fees, slow settlement times, and confusing gas mechanics impede the operational efficacy of Stablecoins. The notion that Stablecoins are simply a product and needs to be considered when building a blockchain network is Plasma's view.One of Plasma's most useful innovations is gas-free USDT transfers. As daily users, we may find little benefit in paying for gas in a constantly changing token. Users face added friction and uncertainty, primarily in those places where stablecoins are utilized as local currency. To rid the user of this issue, plasma enables stablecoins as gas; payment transfers will therefore feel more similar to standard digital payments rather than crypto-based transactions.Speed also plays a significant role in the payments ecosystem as the time frame for payments and settlement must always be predictable and rapid. Plasma's PlasmaBFT Consensus allows for less than one second settlement with confirmed payment. This is extremely beneficial for merchants, payment service providers, and fintech platforms because they cannot afford to experience the rejection of payments due to processing delays or reok risk during the settlement phase of the transaction process.In addition, Plasma has EVM compatibility through Reth, meaning existing Ethereum applications can be deployed without needing to create a new stack. Developers now have a choice between efficiency and interoperability; Plasma achieves both through its support for live payment flows.Security and neutrality are also key design elements of Plasma; by anchoring security to Bitcoin, it strengthens censorship-resistance, and lowers the reliance on any one ecosystem.The target audience for Plasma is twofold: (1) The retail user, who exists in high adoption environments and will benefit from the increased security and censorship-resistance. (2) Institutions who require predictable, neutral infrastructure to support payments and settlements.There are many parts of Plasma that make it different; however, the most important aspect is that it does not intend to replace all the uses cases of a blockchain. It is focused specifically on one use case that already has achieved significant scalability: Stablecoin Payments.Plasma has redesigned the way in which stablecoin payments occur by solving critical issues that occur during periods of significant instability as a result of increased adoption. The increasing maturation of Cryptocurrency will create a demand for the infrastructures created based on actual use, rather than by conceptualised narratives. Although concepts of gasless transfers, fast settlement, and Stablecoin-specific designs appear to lack marketability, they fulfil invaluable needs in the marketplace and represent a transition of how blockchains can be developed and used based on how individuals actually utilise money as opposed to how Blockchain Protocols were designed in a conceptual manner.@Plasma $XPL #Plasma
The most commonly used digital currency in the cryptocurrency ecosystem is Stablecoins, which is an important part of the ecosystem with millions of users using it for a variety of purposes from Global payments, Remittances to day to day transactions. The problem with most Stablecoins is that they operate on blockchains not originally designed for this type of product, hence the high fees, slow settlement times, and confusing gas mechanics impede the operational efficacy of Stablecoins. The notion that Stablecoins are simply a product and needs to be considered when building a blockchain network is Plasma's view.One of Plasma's most useful innovations is gas-free USDT transfers. As daily users, we may find little benefit in paying for gas in a constantly changing token. Users face added friction and uncertainty, primarily in those places where stablecoins are utilized as local currency. To rid the user of this issue, plasma enables stablecoins as gas; payment transfers will therefore feel more similar to standard digital payments rather than crypto-based transactions.Speed also plays a significant role in the payments ecosystem as the time frame for payments and settlement must always be predictable and rapid. Plasma's PlasmaBFT Consensus allows for less than one second settlement with confirmed payment. This is extremely beneficial for merchants, payment service providers, and fintech platforms because they cannot afford to experience the rejection of payments due to processing delays or reok risk during the settlement phase of the transaction process.In addition, Plasma has EVM compatibility through Reth, meaning existing Ethereum applications can be deployed without needing to create a new stack. Developers now have a choice between efficiency and interoperability; Plasma achieves both through its support for live payment flows.Security and neutrality are also key design elements of Plasma; by anchoring security to Bitcoin, it strengthens censorship-resistance, and lowers the reliance on any one ecosystem.The target audience for Plasma is twofold: (1) The retail user, who exists in high adoption environments and will benefit from the increased security and censorship-resistance. (2) Institutions who require predictable, neutral infrastructure to support payments and settlements.There are many parts of Plasma that make it different; however, the most important aspect is that it does not intend to replace all the uses cases of a blockchain. It is focused specifically on one use case that already has achieved significant scalability: Stablecoin Payments.Plasma has redesigned the way in which stablecoin payments occur by solving critical issues that occur during periods of significant instability as a result of increased adoption. The increasing maturation of Cryptocurrency will create a demand for the infrastructures created based on actual use, rather than by conceptualised narratives. Although concepts of gasless transfers, fast settlement, and Stablecoin-specific designs appear to lack marketability, they fulfil invaluable needs in the marketplace and represent a transition of how blockchains can be developed and used based on how individuals actually utilise money as opposed to how Blockchain Protocols were designed in a conceptual manner.@Plasma $XPL #Plasma
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