The rapid development of the Internet has brought countless innovations, one of which is blockchain technology. However, as blockchain applications become more popular, problems with user experience and economic sustainability have gradually emerged. Dymension proposes a new solution that provides comprehensive support for security, liquidity, and connectivity by building the Internet of RollApps.
What is the Internet of RollApps?
The Internet of RollApps is a chain network composed of RollApps (Layer 2) and Dymension Hub (Layer 1). RollApps is an easy-to-deploy modular blockchain that can be natively integrated into the Dymension Hub to obtain security, liquidity, and connectivity.
Why choose Dymension?
Crypto applications are in urgent need of easy-to-use and economically sustainable solutions. Recently, Rollups demonstrated a simple business model: fees minus base layer costs equals profit. As a result, many Layer 2 solutions have been deployed, each with its own custom implementation, multi-signature bridge, and security assumptions. This has led to a fragmented, insecure, and confusing user experience, weakening the advantages of Rollups and modular blockchains.
Dymension’s Solution
Dymension has standardized Rollups through IBC (Inter-Blockchain Communication Protocol), similar to how ERC standardized tokens. RollApps are a new cryptographic primitive that provides the Rollup business model while achieving speed and scale under one unified experience. This paves the way for the emergence of a true Internet of Rollups.
RollApps are modular blockchains that do not need to maintain expensive validators, but instead leverage the Dymension Hub (Layer 1) to secure their funds and the Data Availability (DA) network to publish their transaction data.
Building Blocks of Dymension
Security：IBC is an essential component of Dymension. IBC is a battle-tested bridge protocol that allows secure communication between different chains. RollApps connect to the IBC economy through the Dymension Hub, similar to how servers connect to the internet through an Internet Service Provider. Dymension replaces the centralized and risky multi-signature bridges common in Ethereum and Layer 2 ecosystems with IBC-connected Rollups. By building IBC for Rollups, Dymension verifies that all funds deposited into a RollApp are as secure as the Dymension Hub itself.
Liquidity: The Dymension Hub hosts an embedded liquidity layer that facilitates asset pricing, exchange, and efficient token routing. This promotes economic growth by providing a seamless user onboarding experience and easy access to RollApp tokens.
Data, Scale, and Cost
RollApps publish transaction data to external blockchains such as Celestia, Avail, NEAR, etc. for verifiability. RollApps can choose the blockchain that best serves their data based on cost, value, technology, etc. This creates competition and a data marketplace that can scale the data needs of the entire Internet of RollApps when necessary.
Crypto UX
The future of crypto UX is deposit, play, and withdraw. Dymension’s infrastructure simplifies this process at scale, allowing developers to deploy RollApps in a few clicks through the Dymension RollApp Development Kit (RDK). Users can easily deposit to the Dymension Hub from Ethereum and the entire crypto ecosystem in a single transaction.
Welcome to the new Dymension
Dymension provides a unified, secure, and efficient solution for crypto applications through its innovative Internet of RollApps. With the continuous development of blockchain technology, the emergence of Dymension undoubtedly brings new possibilities and opportunities for future crypto applications. Both developers and users can find their place in this new ecosystem and enjoy a more convenient and secure blockchain experience.
Dymension not only solves many pain points in the existing blockchain ecosystem, but also lays the foundation for future innovation. By standardizing Rollups and providing comprehensive support, Dymension is leading a revolution in blockchain technology.
In this new Dymension, users can enjoy unprecedented convenience and security, and developers can create and deploy their own applications more easily. Whether it is individual users or enterprises, Dymension provides a powerful and flexible platform to help them achieve their goals.
In general, Dymension is not only a technical solution, but also a new way of thinking. It provides unlimited possibilities for the future development of blockchain technology through modularization and standardization. We look forward to seeing more innovative applications based on Dymension in the near future, promoting the prosperity and development of the entire blockchain ecosystem.