Overview
Dymension is designed to improve upon the limitations faced by current blockchain systems through a multi-layered blockchain protocol that focuses on scalability and efficiency for decentralised applications. This approach involves the creation of permissionless, application-specific rollups, known as RollApps, facilitated by a comprehensive set of tools and a modular architecture.
Overview of Key Components
RollApp Development Kit (RDK): The RDK is developed to aid in the creation of RollApps by offering a collection of modules for basic blockchain functions, like account creation and token management. This kit streamlines the process of deploying RollApps on the Dymension Hub.
Dymension Hub: Utilising the Cosmos SDK and Tendermint Core, the Dymension Hub is a Proof-of-Stake chain optimised to support rollups, acting as a central point for interoperability among RollApps. It integrates rollup-specific logic to provide efficient services to these application-specific chains.
Inter-Blockchain Communication (IBC): RollApps are designed to interact natively with the IBC protocol, ensuring secure message transfers and facilitating interoperability within the Dymension ecosystem.
RollApp Virtual Machine (RVM): Introducing a dispute-resolution mechanism, the RVM simulates RollApp execution environments within the Dymension Hub to ensure deterministic outcomes and support diverse execution environments.
Embedded Hub Automated Market Maker (AMM): The integration of a native Automated Market Maker within the Dymension Hub aims to achieve shared liquidity, enhancing the economic and operational efficiency of RollApps.
Vision and Architectural Approach
Dymension's strategy is to address the growth challenges of DApps by disaggregating resource consumption and providing a scalable, secure, and interoperable platform. Its modular architecture facilitates the development of tailored blockchain solutions, addressing both the technical and economic aspects critical for the blockchain technology evolution.
In summary, Dymension's framework and its components are structured to provide a more scalable, interoperable and efficient environment for the development and deployment of DApps, aiming to overcome the constraints of existing blockchain systems.
Dymension Launch
Dymension launched just over 48 hours ago with the token shortly going live on exchanges after. During the initial stages of the Mainnet being live, none of the validators could reach consensus because there was a bad validator in the set, Chorus One, with 34.8% of the staked tokens delegated to it. These issues were resolved and as of time of writing there are over half a million addresses;
The above chart and additional metrics can be found here.
Furthermore, the most popular venues based on depth and volume are as below:
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