Another prospect of the best public chain Polkadot ecological development for DApp development

background

A few weeks ago, because of a well-known media article “The First Pair of “Virtual Shoes for 3 Million People”, StepN became popular in the domestic Internet circle, and even attracted a well-known media V teacher Liu Run to write an article, it can be said that As another application of Web3, StepN successfully completed the task of getting out of the circle.

But if you are a practitioner of Web3, you may already know the story later. StepN has not become a product that can continue to bring a positive cycle, but has become another product that has been tested by the market due to the disturbance of the financial market. , it seems that the article “Sickles are everywhere, how not to make leeks” can’t solve this thorny problem either.

Another story behind StepN lies in the success of the Solana chain. This public chain that emerged last year has carried a lot of popularity in the past year, but because of the popularity of StepN, Solana, which is known as tens of thousands of TPS, is also caught in congestion. .

This seems to be a great departure from the vision of blockchain and Web3. After all, in the Internet, if an App can cause a large-scale paralysis of the network, this may only happen in the 2G era, but now we have entered 5G.

Therefore, if Web3 can still have out-of-the-box products or be popularized by a wider range of users, the current situation does not seem to be a good story or a good infrastructure.

Along this line of thought, we began to imagine what new possibilities exist between blockchains and applications in the future, and whether there are new attempts between chains and DApps. We explored some ideas from Polkadot’s existing parallel chains. This is shared with you for your reference.

DApps are looking for better landing spots

With the rise of mainstream public chains such as Ethereum and Solana, a large number of DApps have also begun to emerge. DApp is decentralized, directly connecting users and developers, so that assets can truly belong to users, and at the same time, it also has trusted application attributes.

In addition, all data on DApp is encrypted and stored on the decentralized blockchain application platform, which has higher security performance, effectively prevents information from being tampered with and forged, greatly improves the stability of the project, and reduces the risk of downtime and operation. cost.

If the blockchain is the infrastructure of DApps, then the prosperity of the public chain ecology largely depends on the type, quantity and performance of DApps. DApp will carry multiple missions such as revenue, scenarios, and transactions, so what DApp needs is an underlying blockchain that is sufficient to carry its business operations.

So how do today’s DApps solve the problem of insufficient blockchain performance? Perhaps the following three cases can give us some inspiration.

Do it yourself Layer2

Axie Infinity is a turn-based card battle game with P2E mode developed by Sky Mavis, a Vietnamese game company.

By manipulating a small monster called Axie and releasing card skills to fight, players can either collect and train their own Axies to fight with other players’ Axies, or raise and trade them as pets.

Axie Infinity was originally hosted on Ethereum. With the explosive growth of the number of users, the performance of Ethereum gradually affected the normal use of Axie Infinity. Therefore, Axie Infinity urgently needs to solve this problem.

Another prospect of the best public chain Polkadot ecological development for DApp development

In the end, they chose to build a side chain based on Ethereum, so Axie Infinity’s exclusive side chain Ronin came into being.

On December 24, 2020, Axie Infinity chose to make the Ethereum sidechain Ronin and migrate it. The transactions on the Ronin chain can be completed almost instantly, the gas fee is almost negligible, and Axie can freely transfer between Ethereum and Ronin.

This makes it easier for players to breed, thus contributing to the growth of Axie numbers, breeding costs, and market turnover.

The Ronin chain adopts the PoA (Proof of Authority) consensus mechanism. The PoA consensus can encourage verifiers to maintain transactions by attaching a reputation to the identity. In other words, fewer validating nodes (currently 7) are used, resulting in faster transfer speeds. Current Ronin network validators include: Binance, Ubisoft and Animoca.

Find a dedicated chain for Layer2

illuvium is an open world blockchain RPG game that is fully 3D and aims to be the first AAA game project.

illuvium allows players to capture and breed beasts called illuvials and use them in battles. Players can mint illuvials into NFTs and sell them on the marketplace.

Its gameplay is a combination of several well-known online games, as its co-founder Kieran Warwick said:

“We’ve taken the DNA of prestigious players like TFT and combined it with competitive strategies like Hearthstone and StarCraft. An exciting new mix of the two pushes skill and strategy into The absolute limits of engaging gameplay. Our studio’s focus is on creating fun, visually enhanced, player-friendly experiences.” 

And this game chose Immutable X as its underlying blockchain infrastructure.

Immutable X is a Layer 2 protocol specially developed for NFT on Ethereum. It is jointly developed by Immutable and StarkWare, a zero-knowledge proof technology development company. ZK Rollups can be used to realize gas-free casting and trading of NFT.

Based on these properties, Immutable X has also attracted well-known blockchain games such as Gods Unchained, My Crypto Heroes, Guild of Guardians, etc. to deploy on it.

As a result, Immutable X has received investments from well-known institutions such as Temasek and Tencent Holdings.

Find Layer0 to create your own Layer1

DeFi Kingdoms is a pixel-style blockchain game developed based on the Harmony Protocol blockchain.

It integrates DeFi elements into an interesting and synergistic game by gamifying DeFi products, rules, and usage processes to increase the fun for users to use products.

Its innovative gameplay quickly attracted many players to participate, but in the process of development, it was gradually limited by Harmony, and then DeFi Kingdoms chose to cross-chain to Avalanche.

After Avalanche started to launch its Subnet, DeFi Kingdoms announced on April 1st this year that the Subnet DFK Chain will be running on Avalanche.

Another prospect of the best public chain Polkadot ecological development for DApp development

A subnet of Avalanche is essentially a subset of mainnet validators who are collectively responsible for the security of the corresponding network, and these validators are responsible for both the mainnet and this subnet.

These subnets also have a high degree of autonomy, can choose the number of validators independently, can set relevant requirements for the verification nodes, can support the Gas pass of the custom network, and can also set the handling fee parameters to reduce the cost of users.

So, from a certain point of view, Avalanche is a kind of Layer0, and its subnet can be regarded as Layer1.

Just over a month after its release, DFK Chain has processed more than 4 million transactions, with a total market capitalization of $360 million.

Polkadot’s parachain

Perhaps an excellent choice for DApps

DeFi is slightly different from DApp. A typical feature is that DeFi focuses on the composability of digital assets. These DeFi and assets in DeFi can interact with other DeFi. Only by introducing more assets can we do better .

DApps, such as projects such as Axie Infinity or StepN, focus on endogenous and complete economic systems, which means that the assets in these projects can operate autonomously without interacting with other third-party projects.

The former hopes that the blockchain ecosystem in which they are located will develop well, and there are a wealth of other DeFi or various assets that can interact with themselves; while the latter hopes that the performance of the blockchain in which they are located will meet their own needs, and It will not interfere with its own operation. For the time being, the demand for more composability of its own token or NFT is not so high.

Based on these characteristics, we can see that many DApps are looking for a more reliable underlying blockchain as support. They not only hope for higher performance (higher TPS), but also hope that the gas fee is not expensive. The influence of the blockchain in which it is located, focusing on its own development.

Therefore, finding a reliable and easy-to-use DAppchain has become one of the most concerned issues for DApp teams.

From these factors, it seems like a good solution for Polkadot’s parachain to become a DApp’s dedicated chain, because Polkadot’s parachain has many points of agreement with the needs of the DApp team.

1. The performance of the current parallel chain is much higher than that of Ethereum. The theoretical TPS can be thousands. As a PoS chain, its gas fee is very cheap. In May of this year, Klaytn, a public blockchain developed by Internet giant Kakao Corp, announced its cooperation with Parity to jointly build a Substrate-based Klaytn chain, Klaytn-Substrate.The customizability of Substrate means that the performance of the chain can be tuned to support applications with higher transaction throughput, in line with Klaytn’s vision of creating an interoperable blockchain platform for the Metaverse.

2. If the parachain only runs a certain DApp, there will be no problems that can only occur on the general smart contract chain, such as chain congestion caused by other applications, which will affect its own operation. Therefore, it would be a good choice to choose to be the master of the house like Axie Infinity and make a blockchain bottom layer that meets your own needs.

3. The development difficulty is low. Using Polkadot’s modular framework Substrate, the required functions can be quickly assembled into a chain, and the difficulty of developing a Substrate chain is lower than that of developing Layer2.

4. High security. Polkadot is responsible for the security of parachains, and interacts with other Polkadot parachains through Polkadot’s own XCM, and its security is also much higher than that of cross-chain bridges between different public chains.

5. You can enjoy Polkadot’s advanced architecture and scalable development. The modular framework Substrate is also constantly iterating on new features, making it easier for teams to add more new features to their chains, and the chain will be upgraded and iterated more quickly, so teams don’t have to worry too much about the technology falling behind over time.

Another prospect of the best public chain Polkadot ecological development for DApp development

6. Polkadot’s parachain is compatible with EVM, allowing the team to transfer from the EVM ecosystem to Polkadot without making major changes to the DApp code.

7. Polkadot has strong interoperability. If it is added to the Polkadot ecosystem, it is equivalent to interacting with many ecological projects of the Polkadot ecosystem more securely than cross-chain bridges. The need to interact with other projects after integration. As Gavin said, “Bridge” is not the future of blockchain, Layer0 is.

8. The parachain itself belongs to Layer1. If the DApp team needs more performance and vertical scalability, the parachain can also extend to Layer2. Astar has verified that the parachain can support the solution of Layer2.

Therefore, from the above description, we can see that the Polkadot parallel chain has its own unique advantages as a DAppchain, and can even bring about the effect of “1+1>2”.

What is missing for Polkadot?

Of course, why the Polkadot parachain has not yet become the DAppchain that many DApps choose as the DAppchain to carry applications, in fact, from the subjective and objective factors, Polkadot still lacks some key keys.

First of all, the performance of Polkadot can be further improved, perhaps to better meet the needs of some DApps. One of Polkadot’s next important tasks is to continue to optimize the performance of the network, and one of the performance upgrades comes from asynchronous support.

It will allow parachains to build blocks concurrently with the relay chain and reduce block times from 12 seconds to 6 seconds. On the other hand, the Layer 2 solution of the Polkadot parachain has not been significantly improved, although it has been verified to be feasible.

Second, the cost of accessing the Polkadot ecosystem seems to be too high. Many people have always felt that Polkadot auctions are too expensive and hold back a lot of new projects.

But in fact, the cost of Polkadot slot auctions has come down a lot, and Polkadot’s parallel threads are being actively developed. When parallel threads are developed, this problem becomes even less of a problem, because parallel threads are paid on demand, but support access to Polkadot at a very low cost.

What’s more, the profitability of excellent DApps is not weak, just look at Axie Infinity or StepN, which is enough to afford the cost of slot auctions.

Then, Polkadot lacks successful cases at this stage, attracting more DApp teams to adopt such an approach. Therefore, the top priority is to have such a case to fire the first shot. It is best to cooperate with the official and jointly explore a successful path that can be reproduced.

Another prospect of the best public chain Polkadot ecological development for DApp development

Recently, whether it is the cooperation with Klaytn or the cooperation with Project Liberty, such signs have appeared frequently.

Then, based on the first successful case, we will find a solution that allows the DApp team to quickly build a more general DApp-specific parachain with official support without knowing much about Polkadot technology.

Of course, the most important thing is the cycle. During the downturn of the industry, it is difficult for many DApps to develop against the market trend, and the willingness of users to participate in DApps will be greatly reduced.

Therefore, waiting for the next high tide, we may be happy to see the phenomenon of “one DApp, one parachain” appearing in the Polkadot ecosystem.

postscript

We have to admit that as the cycle theory intensifies, we will all be temporarily entangled in this vortex, whether it is the blockchain (or Web3), the Internet, or even all walks of life, what is in front of us is downward Spiral, but on the other hand, it is also a preparation for rising. After all, the poet Yang Wanli has already told us this truth – “Mo Yan will have no difficulty going down the mountain, and it will be earned by pedestrians who like it by mistake.”

However, once this spiral ends, the Web3 story will return to center stage, and there may be more applications of DApps by then.

Whether it is GameFi or NFT-related applications, it will bring new users and new user increments. At that time, the relationship between the current chain and the App may have a new pattern, perhaps the logic of “one DApp, one chain” will be verified.

Of course, the development of things will not be a linear performance, nor will there really be a so-called “bottom” moment, it will happen inadvertently, and when we perceive it, it has left a “it can still be like this” ‘ exclamation.

As for whether Polkadot can become the ecology of choice for DApps, we cannot have a complete conclusion for the time being. After all, at the moment of rapid technological development, all changes will still occur. Only those who are full of expectations, hold hope, and firmly combine technology and humanities effectively The “singularity” is finally approaching.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/another-prospect-of-the-best-public-chain-polkadot-ecological-development-for-dapp-development/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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