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About Dymension
Key Points
- Crypto apps need ease of use and economic sustainability.
- Rollups have a simple business model: fees minus base layer costs equals profit.
- Dymension standardizes rollups with IBC (Inter-Blockchain Communication Protocol).
- RollApps are modular blockchains that leverage the Dymension Hub (layer 1) for security and Data Availability (DA) networks for publishing transaction data.
Building Blocks of Dymension
- Security IBC: a battle-tested bridging protocol for secure communication between chains.
- Dymension Hub: replaces centralized and risky multi-sig bridges with IBC-connected roll
About Dymension Capital
Embracing the Future: Why Dymension
Crypto applications are in urgent need of intuitive usability and economic viability.
Recently, rollups have demonstrated a straightforward business model that yields success, wherein fees minus base layer costs equal profit. Consequently, a plethora of L2s have been deployed, each with its unique custom implementation, multi-sig bridge, and distinct security assumptions. This has resulted in a fragmented, insecure, and chaotic user experience, thereby undermining the benefits of rollups and modular blockchains.
Introducing Dymension
Dymension pioneers the standardization of rollups through the implementation of IBC (Inter-Blockchain Communication Protocol), analogous to the standardization of tokens via ERC. RollApps, a novel crypto primitive, seamlessly integrates the rollup business model with unparalleled speed and scalability, providing a unified experience. This groundbreaking innovation sets the stage for the emergence of a genuine Internet of rollups.
RollApps are modular blockchains that eschew the expense of maintaining validators, instead relying on the Dymension Hub (layer 1) for securing their assets and leveraging Data Availability (DA) networks to publish their transactional data.
The Foundational Pillars of Dymension
Security is a paramount aspect of Dymension, and Inter-Blockchain Communication (IBC) plays a pivotal role in this regard. As a battle-tested bridging protocol, IBC facilitates secure communication between disparate chains. Notably, RollApps establish connections to the IBC economy through the Dymension Hub, analogous to how a server connects to the internet via an internet service provider.
Dymension revolutionizes the landscape by supplanting traditional, risk-prone multi-sig bridges prevalent in Ethereum and L2 ecosystems with IBC-connected rollups. By integrating IBC into rollups, Dymension ensures that all funds deposited into a RollApp are safeguarded with the same unwavering security as the Dymension Hub itself.
The Liquidity Dimension Hub features an integrated liquidity layer, facilitating precise asset pricing, seamless swapping, and optimized token routing across the ecosystem. This, in turn, fosters economic growth by providing a frictionless user onboarding experience for RollApps and effortless access to RollApp tokens.
Data, Scalability, and Cost-Effectiveness: Unlocking the Potential of RollApps
By publishing transaction data to external blockchains such as Celestia, Avail, NEAR, and others, RollApps ensures the verifiability of its data. This flexibility allows RollApps to select the most suitable blockchain for their data, based on factors such as costs, values, and technology, thereby fostering a competitive environment and a thriving data market. This, in turn, enables the scaling of all data requirements for the entire Internet of RollApps ecosystem.
Crypto UX: The future of seamless interactions is epitomized by the trifecta of deposit, play, and withdraw. Dymension’s cutting-edge infrastructure is designed to scale, empowering developers to effortlessly deploy RollApps with mere clicks, courtesy of the intuitive Dymension RollApp Development Kit (RDK). Furthermore, users can conveniently deposit funds from Ethereum and beyond, traversing the vast expanse of the crypto ecosystem with a single, streamlined transaction, all routed through the Dymension Hub.