Sunday, May 19, 2024

4 Things I Wish...

Opinions expressed by Entrepreneur contributors are their own....

Add Some Life to...

Disclosure: Our...

You’re Reading Body Language...

Opinions expressed by Entrepreneur contributors are their own....
HomeFinanceAmbitious Plans To...

Ambitious Plans To Welcome Layer-3 Protocols, Redefining The Future Of Ethereum Scaling Solutions


Optimism, class -3.  Supershine

optimism It charts a bold path with its plans to introduce Layer 3 protocols, setting a new standard for Ethereum scaling solutions. By incorporating Optimism Sequencer and embracing modular blockchains, it redefines what is possible in the field of blockchain scalability.

The continued evolution of the blockchain industry sees developers seeking to improve the scalability and functionality of decentralized applications (dApps). Amid this dynamic backdrop, it stands out by announcing its intention to increase blockchain productivity. This move involves integrating Layer 3 (L3) applications on top of the OP Stack, leveraging blockchain infrastructure developments and optimistic clusters to push the boundaries of what can be achieved.

At the heart of Optimism's strategy for its Superchain ecosystem lies a vision to connect a network of interconnected Layer 2 (L2) chains together. These series, which share an open source technology stack and contribute revenue to Optimism Collective, embody the spirit of collaboration. This strategy not only showcases the protocol's governance model, but also highlights the versatility of the OP-Stack, enabling developers to craft solutions that meet diverse user needs.

advertisement

As the ecosystem flourishes, so does the demand for flexible and customizable technology. This growing demand underscores the protocol's commitment to democratizing blockchain technology, making it accessible to a wide range of developers and consumers by nurturing the L3 ecosystem.

Welcoming L3s to Superchain

Optimism's Superchain is preparing to expand its reach by integrating Layer 3 (L3) protocols. Built on top of L2 networks, these L3 modules promise to raise the bar of the ecosystem with their advanced solutions for scalability, performance, interoperability, customization and cost efficiency. By inviting L3 developers to innovate on OP Stack, it lays the foundation for a collaborative framework that enhances blockchain interoperability and delivers stacking as a service, paving the way for future scalability breakthroughs.

Eligibility and Benefits for L3 Builders

Optimism,layers of blockchain
Blockchain layers, Courtesy coingecko

L3 protocols that choose to build on the OP Stack and contribute a portion of their revenue to Optimism Collective gain a range of benefits, fostering a vibrant community of builders.

  • Retro financing: Tier III builders have the opportunity to take advantage of legacy funding programs, and receive financial support to advance their development endeavors, thanks to Optimism Grants.
  • Airdrop: L3 projects may find themselves eligible for Airdrops, enabling them to distribute tokens to their communities and foster further engagement.
  • Superchain Developer Grant Programs: Tier 3 teams are encouraged to apply for grants, which can provide significant support for their development projects within the Superchain ecosystem.

Although L3s will integrate into the Superchain, they may face certain limitations in features such as interoperability compared to standard OP Stack configurations. The Network is committed to clarifying these nuances soon, ensuring transparency and promoting understanding in the field of blockchain interoperability.

Custom Gas Codes: Simplify the Level 3 qualification process

One of the most requested features for L3 creators is the ability to use their existing Layer 2 token as the native gas token for their L3 protocol, effectively managing transaction costs. It addresses this demand by offering custom gas tokens, a feature that is currently in the final stages of development and will be rolled out soon.

The dedicated gas token functionality allows Tier 3 developers to leverage their L2 token for gas fees, simplifying the transition from Tier 2 to Tier 3 and reducing setup costs for new users. This innovation makes the transition process more cost-effective, as users can now seamlessly move to Level 3 by making a cost-effective Level 2 deposit transaction, thanks to Bridge.

This innovative feature is expected to significantly reduce the barriers to entry for tier 3 creators, making it easier for them to integrate their projects into the Superchain ecosystem.

Plasma mode: reduce operating costs L3

In addition to dedicated gas codes, the protocol also offers Plasma Mode, an alternative option to the Data Availability (DA) layer that can help reduce the fixed overhead costs associated with operating an L3 network.

Traditionally, L2 chains were required to publish both data commits and production roots to their settlement layer, typically the Ethereum mainnet. With Plasma mode, L3 protocols only need to send transactions to the L2 layer, instead of sending them directly to the Ethereum mainnet. This reduction in data commits and output root submissions can significantly reduce the fixed costs of running an L3 chain, making it a much easier option to deploy on an OP Stack.

The network's recent launch of Redstone, the first OP Stack Chain with Plasma mode, demonstrated the potential of this feature to enable high-throughput applications without the need for new programming languages. The company is committed to continuing to evolve Plasma Mode, with a focus on integrating multiple data availability layers to provide Tier 3 builders with more flexibility and cost-saving options.

Empower L3 developers on OP Stack

Optimism and Op Stack, Layer3 Super ChainOptimism and Op Stack, Layer3 Super Chain
Ultra Optimistic Chain: Ambitious plans to welcome Layer 3 protocols, redefining the future of Ethereum scaling solutions

Ity's efforts to support the L3 ecosystem are part of its broader strategy to make the OP Stack and Superchain accessible to developers with diverse needs and resources. By offering features like custom Gas Tokens and Plasma Mode, the company is lowering the barriers to entry for tier 3 builders, enabling them to leverage the power of the OP Stack to create innovative and scalable applications.

Superchain's open source technology stack and revenue sharing model with Collective provide third-tier developers with a collaborative, values-aligned environment in which to build and thrive. This ecosystem approach allows L3 projects to shape the future of scalability while leveraging the contributions of other builders within the Superchain, supported by governance and the OP-Stack.

Flexible deployment options for developers

The protocol visibility of the OP Stack and Superchain provides developers with a range of deployment options to choose from:

  1. Deploy decentralized applications on the OP Stack ChainDevelopers can build their decentralized applications directly on the OP Stack Chain, taking advantage of the network's scalability and interoperability features.
  2. Run a dedicated L2 or L3 networkDevelopers can harness the power of OP-Stack to create their own L2 or L3 networks, customizing the technology to meet their unique needs and requirements.
  3. Collaborate with infrastructure partners or RaaS providersDevelopers have the opportunity to collaborate with protocol infrastructure partners or Blockchain as a Service (BaaS) providers like Zeeve to build their own blockchain solutions, making the most of the capabilities of the OP Stack and enhancing their Blockchain infrastructure.

This flexibility enables developers to choose the deployment model that best suits their project's needs, ensuring that Superchain remains a comprehensive and accessible ecosystem for a wide range of Web3 creators.

The evolving landscape of Layer 3 networks

The emergence of layer 3 networks has sparked ongoing discussions within the blockchain community about their role and potential impact on the overall ecosystem. While some industry figures, such as Polygon CEO Marc Boiron, have expressed doubts about the necessity of L3s, others, such as Ethereum co-founder Vitalik Buterin, have suggested that L3s would serve a different purpose, providing “ad hoc functionality.” Go beyond mere measurement.

The optimistic embrace of the L3 ecosystem reflects its belief in the potential of these upper layer networks to address specific use cases and user needs. By offering features like custom gas tokens and Plasma mode, the company positions the OP Stack and Superchain as a compelling platform for tier 3 creators to explore and experiment.

As the blockchain industry continues to evolve, the role of layer-3 networks will likely continue to be a topic of debate and exploration. Optimism's proactive approach to supporting the L3 ecosystem underscores its commitment to fostering innovation and driving the adoption of scalable and customizable blockchain solutions.

Conclusion: An optimistic vision for a scalable and comprehensive super chain

Optimism's announcement to welcome Layer 3 protocols to its Superchain ecosystem represents significant progress in the company's mission of democratizing blockchain technology for a broader audience. By offering features such as custom gas tokens and Plasma Mode, Optimism reduces transaction costs and lowers barriers to entry for tier 3 creators, enabling them to harness the OP Stack to create innovative, scalable, and cost-effective applications.

Superchain's open source technology stack, revenue sharing model, and suite of developer support programs create a collaborative, values-aligned environment for tier 3 projects to thrive. Through the integration of Optimism Governance and OP-Stack, the Optimism ecosystem is set to evolve, playing a pivotal role in enhancing scalability and encouraging widespread adoption of decentralized technologies.

Optimism's embrace of the L3 ecosystem, highlighted by its support of Optimistic clusters and Modular blockchains, reflects its commitment to fostering innovation and providing developers with the tools and resources they need to push the boundaries of what is possible in the blockchain space. By welcoming L3 creators to Superchain, the company positions itself as a leader in the ever-evolving landscape of Ethereum scaling solutions, paving the way for a more scalable, accessible and inclusive Web3 future.

common questions

What is Optimism's plan to introduce Layer 3 protocols?

Optimism aims to set a new standard for Ethereum scaling solutions by integrating Optimism Sequencer and embracing modular blockchains, redefining blockchain scalability.

What are the benefits to Layer 3 (L3) creators in the Optimism ecosystem?

Tier 3 builders can take advantage of legacy funding programs, earn Optimism Airdrops, and apply for Superchain Developer Grant programs, fostering a vibrant community of builders.

How does Optimism address the demand to use existing Layer 2 tokens as gas tokens for L3 protocols?

Optimism offers custom gas tokens, allowing L3 developers to use their L2 token for gas fees, simplifying the transition from L2 to L3 and reducing setup costs.

What publishing options are available to developers in the Optimism ecosystem?

Developers can deploy decentralized applications on the OP Stack Chain, launch a dedicated L2 or L3 network, or collaborate with infrastructure partners or RaaS providers to create their own blockchain solutions.

Disclaimer: This article is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments are subject to market risks, and readers should conduct their own research and consult with professionals before making any investment decisions. Chain News Network is not responsible for any market losses.

advertisement

The post Ambitious Plans To Welcome Layer-3 Protocols, Redefining The Future Of Ethereum Scaling Solutions first appeared on Investorempires.com.



Continue reading

America’s first Black astronaut candidate gets to space on Jeff Bezos’ Blue Origin rocket and beats William Shatner as oldest person in the final...

America’s first Black astronaut candidate finally rocketed into space 60 years later, flying with Jeff Bezos’ rocket company on Sunday. Ed Dwight was an Air Force pilot when President John F. Kennedy championed him as a candidate for NASA’s early astronaut corps....

The year of AI PCs

Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016.Lucas Jackson | ReutersMicrosoft's Build developer conference kicks off on Tuesday, giving the company...

Why Every CMO Needs to Know Their Search TAM

As ad costs have exploded in the last year, founders and CMOs are seeking alternatives to paid acquisition. HubSpot recognized the value of organic search early, enabling our growth alongside the expanding search landscape. While AI-powered search experiences are reshaping...