MultiversX's Performance And Features Become BTC And ETH Compatible with Sovereign Chains L2s & L0s Stack
2024年5月24日 - 3:07AM
MultiversX officially presents Sovereign Chains, its solution
to provide on-demand sovereign execution environments and offer a
meta-coordinating layer for Bitcoin, Ethereum, Solana and other
vibrant L1s.
In a livestream demo today, the Europe-based blockchain network
has presented Sovereign Chains; a plug and play modular technology
stack that is composable to the mainchain and offers a new path for
cross-chain operations with other L1s.
In addition to inheriting the massive performance and unique
MultiversX features like on-chain 2FA and native standards, the
upcoming network of networks enabled by Sovereign Chains is
designed to offer a unified interchain experience for the first
time, which is long overdue for blockchain technology.
“During today's live demo, our community proved the massive
efficiency of Sovereign Chains by processing over 70,000
transactions per second. With this step, the most high performance
solution enables a unified, seamless and interconnected blockchain
ecosystem. This is now accessible to all builders, today.”
– Beniamin Mincu, MultiversX Labs
Co-founder.
Another standout advantage outlined in the presentation is the
native interoperable capability. The current state of L2s still
sits in the spectrum of custodial solutions with admin keys and
sequencers yet to be decentralized. Sovereign Chains, on the other
hand, will leverage the existing cross-shard transaction and
processing model of the MultiversX network. This will allow to
elegantly tie ecosystems without involving the traditional way of
bridging or mechanisms of wrapping. Tokens across Sovereign Chains
will therefore act as global composable assets.
Builders using the Sovereign Chain SDK can access a high level
of customization for their own public or private blockchain,
ranging from defining the gas token to simultaneously using
multiple virtual machines, such as the EVM together with the
MultiversX VM. Perhaps more importantly, they’ll also be able to
truly ‘borrow’ security from MultiversX, widely-known as shared
security, to bootstrap highly matured networks from the get-go.
This will be possible through a MultiversX-developed restaking
module, called Gravity Layer, which will supposedly double to
triple the current yield for staking EGLD, allowing delegators to
redirect their collateral towards supporting new Sovereign Chains.
The majority of teams that have announced Sovereign Chain solutions
have hinted at possible airdrops to attract community
attention.Learn more about Sovereign Chains:
https://multiversx.com/sovereign-chains
About MultiversX
MultiversX is a highly scalable public blockchain via sharding,
decentralized through 3,000+ validator nodes, built to solve the
three fundamental problems critical for widespread, global
adoption: transition from dial-up to broadband, significant UX
paradigm shift, and simplicity of self-custody.
For Media Queries:
Kuruvilla Chacko
Senior PR Manager, Luna PR
Email: kuruvilla@lunapr.io
Phone: +971-56-726-3143