Since the end of last year, more and more people have begun to pay attention to the concept of chain abstraction. Market development is gradually moving towards higher dimensions, from account abstraction to chain abstraction. ChainFeeds invited Robbie, CEO of Cycle Network, a team focused on chain abstraction, to have an in-depth discussion on the current status of full-chain applications, the narrative of chain abstraction, and the development direction of future infrastructure.
Cycle Network uses Rollup technology so that developers do not need to deploy contracts on multiple chains, and end users do not need to perceive the existence of cross-chain transactions. It can be regarded as a Rollup L2 solution for mutual interaction between chains. .
TL,DR:Currently many users and developers face problems when using and building blockchain applications Due to some problems, especially when it comes to decentralized applications, users and developers often feel confused and inconvenienced, so currently most users still focus on centralized applications. Chain abstraction and self-hosting will be the future trend. This model can allow users to integrate into the decentralized world more easily.
Robbie: Regarding the current situation of full-chain applications, for project developers, because in the past, it may have been an era of single chains, many developers would choose a certain network to deploy one of their applications. . In the era of competition for single-chain L1, the cost of L1 is relatively high, so the number of users that each L1 can absorb is still relatively large, so there is room for survival for developers who choose to build applications with a single chain. Now you can see an established trend in modularization. In this context, many applications have moved to the second layer to build, and each second-layer network is competing for a TVL. If applications still need to be built in a similar way to the monolithic chain era, they will find that they are built in the entire web3 world with heavy footwear, which will bring the problem of fragmented deployment to developers. So it can be seen that in the current situation, the entire industry is facing various problems such as insecurity, expensive gas, cross-chain interaction delays, and high user complexity. Cycle Network wants to solve these problems. Cycle hopes that the industry will return to an era where application development is the core, define a new development paradigm for full-chain ledgers, and release developers from the current situation of being bound by multiple chains.
TL,DR:Chain abstract narrative is an important direction for future development. The goal of chain abstraction is to prevent users from perceiving the existence of the chain while enjoying the benefits of blockchain decentralization. With the explosion of chain abstract narratives, Cycle Network found this concept to be a perfect match for what they were doing at bulid.
Robbie: At the end of 2023, the concept of chain abstraction became popular. Such a narrative can indeed summarize what we want to do very well, but we actually also observed that at present There are many similar projects on the market that are trying to do the same thing as us. We had this idea in October 22, because there happened to be a Hackson from ETH Global at that time, so we wanted to form a small team together to try it out. At that time, we were thinking that allowing users to interact with data on the entire chain through self-hosting must be a very big trend in the future. Nowadays, most users in the entire industry are actually stuck in centralized applications. So what is it that prevents users from going to a truly decentralized world? For developers, how can developers go to Focus? In the development process of your own application, you will not be limited by the Infra you choose. So we set up the Cycle item at that time. The advantage of Cycle is that developers who use Rollup technology to implement applications do not need to go to the multi-chain deployment contract layer, and end users do not perceive the existence of cross-chains, which is also the goal of chain abstraction.
TL,DR:The development of modularization has promoted the explosion of second-tier and third-tier applications, and this This trend is essentially an explosion of rollup technology. In the second- and third-layer application innovation stages, the cost of maintaining rollups is relatively low, making large dapps capable of building their own rollups.
Robbie: When initially solving the expansion problem, people tended to try to build a single, high-performance blockchain. However, over time, rollup developed and modularization became a development trend. The development of modularization has brought about the trend of explosion of applications on the second or third layer. The trend of application explosion is essentially the explosion of rollup. Cycle is following this explosive trend of increasingly separated user experience and developer experience. The name Cycle means cycle, which means that we have seen a very definite form and even the end of the development of the entire Infra. We believe that there will be many rollups in the end. It is itself a huge dapp. Dapp has a deployment form with native built-in comprehensive rollup capabilities. Cycle actually This is what we do.
TL,DR: Based on the consideration of quickly realizing the entry and exit of multi-chain data, Cycle chose ZK Rollup. The main difference between Cycle and other projects is that it focuses on building a trustless full-chain ledger.
Robbie: In fact, in the entire blockchain world, cross-chain programming is an asynchronous programming, and all business logic is an asynchronous execution process. We chose ZK Rollup technology because we must quickly implement multi-chain data in and out. We looked at various options on the market and ultimately chose Polygon's technical solution because of its superior ZK Rollup technical integrity and cost control.
Back to the original intention of Cycle is that we want to define a new development paradigm for full-chain ledgers. In fact, we can see that Trustless is a kind of belief in Crypto. Trustless is something that the entire Crypto world has been pursuing. Cycle maintains its original intention of Trustless and has the ultimate requirements for Trustless. Therefore, all current resources are basically invested in the research and development of this trustless full-chain ledger. The goal we hope to achieve is to promote the entire industry to have such a full-chain ledger in the future, and applications can use it to freely program full-chain data in a web3 world without being constrained by multiple chains.
We achieve trustless interaction across the entire chain through underlying link communication based on security. As we all know, L1 and L2 bridging is a two-way authentication process. As long as the assets are processed normally, it is a trustless local bridge. We extend this feature to all external networks that Cycle is connected to, enabling trustless communication between various networks. This is essentially a state anchoring problem in a multi-distributed system. We use an index mechanism to solve this problem and anchor the multi-chain state with the Cycle state, thus simplifying the state distribution problem between multiple networks. Implemented multi-chain ledger technology.
The above is the detailed content of Dialogue with Cycle Network: Full-chain application, chain abstraction and infrastructure development direction. For more information, please follow other related articles on the PHP Chinese website!
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