How does Cycle Network build a full-chain liquidity aggregation network based on chain abstraction?
WBOY
Release： 2024-07-31 00:11:54
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Background and Issues
Blockchain technology has long faced scalability issues. In order to solve this problem, various Layer1 and Rollup solutions have been proposed in the industry. With the implementation of these solutions, new public chains and Layer 2 Rollup have achieved rapid development, expanding the performance scalability of the blockchain, but also faced a new situation: the status data of users and decentralized applications (DApps) are inconsistent. It is no longer limited to a few blockchains, but is scattered across dozens of Layer1 and Rollup networks.
This decentralization has brought new challenges, including the fragmentation of user experience, the increase in usage thresholds, the lack of liquidity in decentralized finance (DeFi) protocols, the complexity of cross-chain DApp state synchronization, and the difficulty of governance. Increase etc. These problems require new solutions to cope with the increasingly complex blockchain ecosystem.
Solutions and Trends
With the evolution of blockchain technology and the improvement of infrastructure, in response to the above problems, three types of solutions/tracks have appeared on the market: cross-chain, full chain (Omni-Chain) and chain Abstraction.
Cross-chain: refers to interaction and communication between different blockchains to achieve interoperability of data and assets. Cross-chain technology allows applications and users on different blockchains to interact, breaking the island effect of blockchains.
Implementation method: Inter-chain communication is achieved through cross-chain protocols, cross-chain bridges or other technical means.
Advantages: Enhance the interconnectivity and flexibility of blockchain, expand application scenarios and ecosystem.
Typical projects/applications: cross-chain public chains represented by Polkadot and Cosmos; cross-chain bridge projects represented by Stargate, Hop Exchange, Across, and Synapse Bridge.
Omni-Chain: refers to the realization of complete functions and applications on a single blockchain, and all operations and data are performed on this separate blockchain.
Implementation method: Build a unified Layer layer, all operations and data are performed on one blockchain, without cross-chain interaction.
Advantages: The system is simple and highly secure because all operations are performed in a trusted environment.
Typical projects/applications: cross-chain message & asset protocols represented by LayerZero and Wormhole; Omni Network integrating Rollup; cross-chain interoperability L1 public chain ZetaChain.
Chain Abstraction: refers to the The complexity of the blockchain system is abstracted and encapsulated so that developers and users do not have to directly deal with the underlying technical details. Through chain abstraction, developers can use unified interfaces and tools to interact with different blockchains without caring about the specific implementation details of each blockchain. Users can seamlessly browse and use Web3 applications without paying attention to the underlying layer. Blockchain, cross-chain operations, gas payments and other complex details.
Implementation method: Provide a unified interface through API, SDK or middleware to shield the differences in the underlying chain.
Advantages: Improve development efficiency, enhance system flexibility and scalability; improve user experience and popularity.
Comparing the above three types of solutions, chain abstraction has obvious advantages in developer friendliness and user experience, and it is also A key driver for future blockchain development and mainstream adoption. Cycle Network is the head project of the chain abstraction track. With its unique full-chain communication technology, it has unique technical advantages in realizing asset liquidity aggregation and interoperability between different chains, bringing more unity to Web3. , convenient and safe user experience.
What is Cycle Network?
Cycle Network is a trustless aggregated liquidity network for all blockchains, based on aggregated orderers and chain abstractions. Cycle utilizes multi-chain zk-rollup technology to extend the traditional one-to-one native bridge between L1 and L2 to support full connectivity of all chains. This enables users to achieve trustless full-chain interoperability on Cycle.
Through Cycle Network, developers and users can experience seamless communication and value transfer across all chains, layers and dApps.
Cycle Network is committed to liberating developers and letting them get rid of repetitive and tedious tasks. From the underlying architecture to the synchronization and deployment of information/assets, Cycle is a one-stop solution, allowing developers to focus on innovative exploration without fear. Unknown, enjoy exploring the unlimited potential of Web3.
What is the use of Cycle Network?
Cycle: Bridgeless cross-chain interoperability makes it easy to build multi-chain applications
Cycle breaks through ecosystem barriers and achieves a seamless experience of cross-chain interoperability. Whether developers choose EVM chains, non-EVM chains, L2 or other modular chains, Cycle can provide a one-stop solution that supports existing or new dApps to easily integrate and automatically build cross-chain applications. Cross-layer functionality can be achieved with a simple plug-in contract without any code modification or new chain deployment.
Cycle provides a full-chain distributed ledger, freeing developers from the trouble of cross-chain learning and deployment. No more headaches with complex consensus mechanisms or rule sets customized for each layer/blockchain. Cycle empowers developers to focus on developing innovative applications.
High speed, low cost, creating the ultimate experience
Cycle toolkit, SDK and advanced smart contract design allow developers to build efficient and low-cost multi-chain applications at low cost. Lightning speed and ultimate user experience will bring more value to your application.
Core Technology Architecture
In order to achieve ultimate security and trustlessness, the essence of Cycle’s cross-chain communication is to deploy itself as a ZK-Rollup for all connected chains. The ZK-Rollup bridge provides trustless two-way authentication. Cycle extends this functionality from Ethereum to all external networks, anchoring multi-chain state to Cycle state via aggregation sequencers. This simplifies the state synchronization problem in distributed systems, creating a decentralized hyperledger and liquidity center for all blockchains.
Composed of three parts:
The overall architecture of Cycle Network mainly consists of three parts:
Cycle Layer: It is the core layer of Cycle. ZK-Rollup as Security Layer and Extend Layer provides unified multi-chain status management . The core modules include:
Verifiable Aggregate Sequencer is the core module of Cycle transaction packaging, relying on the Omni State Channel Indexer (OSCI) deployed on Ethereum to package all transactions;
Omni-Ledger is the global ledger on Cycle. Stores all transaction status on Cycle Network, including cross-chain transactions and internal transactions of Cycle Layer;
2. Extend Layer: Connect to other blockchains except Ethereum, including all L2 and other heterogeneous L1 (Solana , TON and Bitcoin, etc.). The core modules include:
The bridge contract is used to lock the original chain assets in the Rollup contract;
ZK Verifier verifies the ZK certificate generated by Cycle to prove the legitimacy of the Rollup state;
Extend DA provides data availability to ensure data integrity Transgender and safety.
3. Security Layer: It is the security layer of Cycle to ensure the security of transaction status. It uses Ethereum, which has the highest security among programmable networks. The core modules include:
Omni State Channel Indexer (OSCI) is a decentralized multi-chain indexer that records the rules for Sequencer to package multi-chain Rollin and Rollout transactions;
Security Layer, as a special Extend Layer, also has a bridge contract , ZK Verifier and DA module.
Key components: OSCI
Key components of Cycle Network include Omni State Channel Indexer and Verifiable State Aggregation. Based on them, Cycle Network can effectively aggregate liquidity from different networks and solve state synchronization challenges, Relying on its key component Omni State Channel Indexer.
Omni State Channel Indexer
Omni State Channel Indexer는 Cycle Network의 각 확장 레이어의 분산형 인덱싱 및 데이터 가용성을 담당하는 분산형 다중 체인 인덱서입니다. 여러 블록체인 네트워크(비트코인, 이더리움 등 포함)와 상호 작용하고, 다양한 체인의 자산과 메시지를 추적하며, Cycle Network가 다양한 체인의 데이터 변경 사항을 확인하고 기록할 수 있도록 보장합니다.
（Omni State Channel Indexer图例）
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Cycle Network의 새로운 경험 및 구현 시나리오
개발자와 사용자를 위한 새로운 경험
개발자의 경우:
향상된 상호 운용성: Cycle Network의 글로벌 위상은 서로 다른 블록체인 네트워크 간의 원활한 상호 작용을 촉진하고 개발자가 보다 기능적으로 혁신적인 dApp을 브레인스토밍하고 개발할 수 있는 환경입니다.
복잡성 감소: Cycle Network는 모든 체인에 걸쳐 원클릭 배포를 사용하여 다중 체인 단편화 문제를 해결함으로써 개발 프로세스를 추상화하고 개발자가 인프라 집중에서 벗어나 기능 혁신에 더 집중할 수 있도록 해줍니다.
효율성 향상: Cycle Network는 dApp이 크로스 체인 통신 및 트랜잭션을 쉽게 수행할 수 있는 툴킷을 제공하고 더 빠르고 안정적인 경험을 위해 낮은 대기 시간 및 보안 업그레이드로 개발 프로세스를 원활하게 합니다.
사용자용:
원활한 브리지 없는 경험: 사용자는 체인 알림이나 유동성 및 보안 단편화의 부담 없이 더 나은 거래 및 상호 작용 경험을 즐길 수 있습니다.
더 큰 접근성: 여러 체인에 걸친 Cycle Network의 통합은 다양한 분산형 애플리케이션 및 서비스에 대한 액세스를 확장하여 사용자에게 더 많은 선택권과 유연성을 제공합니다.
향상된 보안 및 신뢰: 무신뢰 상호 운용성의 이점을 통해 사용자는 다양한 블록체인 네트워크 간의 거래 및 데이터 상호 작용에서 향상된 보안과 안정성을 누릴 수 있습니다.
Cycle Network의 일반적인 적용 시나리오
풀체인 계정: 통합 계정 관리
풀체인 계정 솔루션은 원활한 크로스체인 상호작용과 통합 계정 관리를 목표로 하며, Cycle Network를 통해 여러 블록체인을 연결하여 관리할 수 있습니다. 하나의 계정 내에서 크로스체인 자산과 거래를 운영합니다.
유동성 통합자: 효과적인 유동성 할당
Cycle Network는 유동성 공급자와 협력하여 유동성을 통합하고 효과적으로 할당하는 유동성 인터페이스 역할을 합니다. dApp 또는 체인은 Cycle의 Liquidity Faucet 인터페이스 SDK를 통해 유동성에 쉽게 접근할 수 있습니다. 최종 사용자도 유동성 공급자 역할을 하여 유동성을 제공하고 LP 보상을 받을 수 있습니다.
다중 체인 DeFi 생태계: 더 많은 DeFi LEGO 잠금 해제
Cycle의 플러그 앤 플레이 호환성으로 인해 더 많은 DeFi LEGO 잠금이 해제되고 Perp Dex, LSD, 옵션, 관심 교환과 같은 더 많은 파생 상품이 활성화됩니다. DeFi 생태계에 새로운 활력을 불어넣습니다.
풀체인 거래 로봇: 지능적인 거래, 더 높은 수익
Cycle은 온체인 거래 로봇의 전략을 배가하여 지능형 거래를 달성하고 사용자에게 더 높은 수익을 제공하는 풀체인 거래 로봇을 지원합니다.
AI 에이전트: 전체 체인 데이터 권한 부여, 지능적인 의사 결정
Cycle은 전체 체인 데이터의 실시간 동기화를 제공합니다. AI 에이전트는 전체 체인 기계 학습을 수행하고 매개변수 조정, 자금 관리, DAO 참여 등을 향상할 수 있습니다. 개발자가 더욱 스마트하고 강력한 DeFi 애플리케이션을 구축할 수 있도록 지원하는 기능입니다.
풀체인 NFT: 새로운 차원의 플레이, 끝없는 즐거움
Cycle은 풀체인 NFT를 지원합니다. 더 많은 체인의 상호작용을 통해 특정 조건/작업에 따른 표시 등 NFT에서 더욱 흥미로운 기능이 실험될 것입니다. /features/airdrops는 사용자에게 더욱 풍부하고 다양한 NFT 경험을 제공합니다.
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