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Modular Blockchains will 10x - 100x and be the future of blockchain tech. - What are Modular Blockchains - Why they are the future of Blockchain Tech - 5 Modular Blockchains with 10x - 100x potential The Ultimate Must Read Modular Blockchain Mega Thread👇🧵 (Reuploading a old Twitter thread, hopefully it works)
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1./ Introduction Modular blockchains overcome the limitations of traditional monolithic blockchains by dividing the blockchain into layers for enhanced efficiency and scalability. Each specializing in a specific function like execution, consensus, data availability, etc.
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2./ Architecture The architecture of modular blockchains is based on the principle of dividing systems into interchangeable or replaceable modules.
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3./ Solving the Blockchain Trilemma Modular chains solve the dilemma of getting a scalable, secure, and decentralized blockchains simultaneously. By dividing these functions among specialized layers, modular blockchains optimize each aspect without compromising the others.
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4./ Modular blockchains are typically divided into these layers: - Execution Layer - Consensus and Data Availability Layer - Settlement Layer Here is what each layer does 👇
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5./ Execution Layer Execution layers perform transactions. They handle the computational work of executing smart contracts and managing state changes. This specialization contributes significantly to the overall scalability of modular blockchains.
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6./ Consensus and Data Availability Layers Consensus layers validate transactions and achieve agreement across the network. The data availability layer ensures that all transaction data is accessible for validation. This specialization helps with security and efficiency.
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7./ Settlement Layers Some modular blockchains such as @dymension.eth also include a settlement layer, which ensures the finality of transactions, they just check that transactions are valid and recorded securely.
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