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Spire is building the Based Stack. spire.dev

Weekly highlight #1: @spire

New framework for building appchains on Ethereum. Think of it as a toolkit for developers to create faster, more efficient appchains that still connect seamlessly with Ethereum’s ecosystem. Just raised $7m led by Maven 11 Capital & Anagram Crypto, @a16zcrypto & others also participated.

What problems does it solve?

Right now, building on Ethereum can feel fragmented—appchains often lose out on connecting smoothly with Ethereum and each other. The Based Stack changes that by making appchains practical without sacrificing Ethereum’s benefits like security and decentralization.

What makes the based stack special?

-Decentralized but practical: Uses Ethereum’s sequencing system, making appchains secure and interoperable.
-Revenue potential without tokens: Instead of launching a new token, Spire plans to generate revenue through services like preconfirmation support and coordination fees.

Launch plan:

Spire Labs will partner with flagship projects to showcase The Based Stack and offer migration help to existing Ethereum projects.

More info 👉 https://www.spire.dev/, https://x.com/Spire_Labs, @spire, and https://github.com/spire-labs/litepaper.

Key highlights:

-Seamless integration: Appchains using The Based Stack can tap into Ethereum’s liquidity and resources as if they were part of the main network.
-Customizable features: Developers can tailor their appchains to suit specific needs while staying connected to Ethereum.
-Preconfirmations: Faster transaction confirmations for better user experiences, helping avoid front-running and other MEV issues.
-Flexibility: While starting with support for Ethereum’s EVM, Spire aims to add other virtual machines for enhanced performance in the future.