Dymension - a game changer!?!!
TL;DR
Dymension offers a novel concept: the Internet of RollApps, connecting RollApps (layer 2 blockchains) with the Dymension Hub (layer 1), providing security and liquidity. It streamlines rollups with the Inter-Blockchain Communication Protocol (IBC), fostering the emergence of the Internet of RollApps.
Leveraging the Dymension Hub, RollApps enhance security and eschew costly validators. Dymension's infrastructure simplifies the crypto user experience, enabling easy deployment of RollApps via the Dymension RollApp Development Kit (RDK), and seamless token access across ecosystems.
Dymension links layer 2 RollApps with layer 1 Dymension Hub, ensuring security and liquidity. It standardizes rollups with IBC, simplifies deployment with RDK, and facilitates token access across ecosystems.
Introducing Dymension
Dymension presents a groundbreaking concept: the Internet of RollApps, a network interlinking RollApps (layer 2 blockchains) with the Dymension Hub (layer 1). RollApps, modular blockchains, seamlessly integrate with the Dymension Hub, providing security, liquidity, and connectivity.
Why Dymension
Amidst the demand for user-friendly and economically sustainable crypto apps, Dymension addresses these needs. The prevailing rollup business model, subtracting base layer costs from fees, led to a proliferation of L2s, each with unique implementations, multi-sig bridges, and security setups. This resulted in a fragmented user experience, undermining the benefits of rollups and modular blockchains.
How Dymension Works
Dymension streamlines rollups through the Inter-Blockchain Communication Protocol (IBC), akin to ERC for tokens. RollApps offer the rollup model with speed and scale within a unified framework, fostering the emergence of the Internet of RollApps. Leveraging the Dymension Hub for security and Data Availability (DA) networks, RollApps eschew costly validators.
Building Blocks of Dymension
Security: IBC ensures secure communication between chains, akin to how a server connects to the internet via an ISP. Dymension replaces risky multi-sig bridges with IBC-connected rollups, guaranteeing funds' security. [1, 3]
Liquidity: The Dymension Hub hosts an embedded liquidity layer, enabling asset pricing, swapping, and efficient token routing. This facilitates user onboarding to RollApps and access to tokens. [1]
Data, Scale, and Costs: RollApps publish transaction data to external blockchains, fostering verifiability. They can select the most suitable blockchain based on costs, values, and technology, fostering competition and a data market. [1]
Crypto UX: Dymension simplifies the crypto user experience, enabling easy deployment of RollApps via the Dymension RollApp Development Kit (RDK). Users can deposit from Ethereum and other crypto ecosystems through the Dymension Hub. [1]
Welcome to the new era of Dymension.