Cycle Network的關鍵組件包括Omni State Channel Indexer和Verifiable State Aggregation，基於它們，Cycle Network 能夠有效地解決來自不同網路的流動性依託於其關鍵組件Omni State Channel Indexer。
Omni State Channel Indexer
Omni State Channel Indexer is a decentralized multi-chain indexer, responsible for the decentralized indexing and data availability of each expansion layer in Cycle Network. It interacts with multiple blockchain networks (including Bitcoin, Ethereum, etc.), tracks assets and messages on different chains, and ensures that Cycle Network can verify and record data changes on different chains.
（Omni State Channel Indexer图例）
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Cycle Network’s new experiences and implementation scenarios
New experiences for developers and users
For developers:
Enhanced interoperability: Cycle Network’s global status promotes Seamless interaction between different blockchain networks and creating an easy-to-use environment for developers to brainstorm and develop more functionally innovative dApps.
Reduced Complexity: By solving the problem of multi-chain fragmentation using one-click deployment across all chains, Cycle Network abstracts the development process and frees developers from infrastructure concentration to focus more on feature innovation.
Improving efficiency: Cycle Network provides toolkits for dApps to easily perform cross-chain communications and transactions, and smoothes the development process with low latency and security upgrades for a faster, more reliable experience.
For users:
Seamless bridge-less experience: Users can enjoy a better trading and interactive experience without the burden of chain notifications or liquidity and security fragmentation.
Greater Accessibility: Cycle Network’s integration across multiple chains expands access to a variety of decentralized applications and services, providing users with more choice and flexibility.
Enhanced Security and Trust: Benefiting from trustless interoperability, users can enjoy enhanced security and reliability in transactions and data interactions between various blockchain networks.
Typical application scenarios of Cycle Network
Full-chain account: unified account management
Full-chain account solution aims to achieve seamless cross-chain interaction and unified account management, and connects multiple blockchains through Cycle Network. Users can manage and operate cross-chain assets and transactions within one account.
Cycle Network acts as a liquidity interface, working with liquidity providers to integrate and effectively allocate liquidity. A dApp or chain can easily access liquidity through Cycle’s Liquidity Faucet interface SDK. Even end users can act as liquidity providers, providing liquidity and receiving LP rewards.
Multi-chain DeFi Ecosystem: Unlock more DeFi LEGOs
Cycle’s plug-and-play compatibility will unlock more DeFi LEGOs and activate more derivatives, such as Perp Dex, LSD, options, interest exchanges Wait and inject new vitality into the DeFi ecosystem.
Cycle supports full-chain trading robots, multiplying the strategies of on-chain trading robots to achieve intelligent trading and bring higher returns to users.
AI agent: full-chain data empowerment, intelligent decision-making
Cycle provides real-time synchronization of full-chain data. AI agents can perform full-chain machine learning, enhance parameter adjustment, treasury management, DAO participation and other functions to help developers build smarter , more powerful DeFi applications.
Full-chain NFT: Play to new heights, endless excitement
Cycle supports full-chain NFT. With the interaction of more chains, more exciting functions will be experimented on NFT, such as display based on specific conditions/operations Hidden functions/features/airdrops bring users a richer and more diversified NFT experience.
Full-chain dark pool: efficient trading, low cost
Cycle supports full-chain dark pools, which can help large traders conduct large-amount transactions with more diversified asset types, achieve low slippage, better prices, save transaction costs, and will not cause on-chain fluctuations, making it a perfect solution for large-scale transactions Provide investors with a more efficient and lower-cost trading experience.
Cycle Network development stage
White paper:
The first version of Cycle Network white paper (v 0.5) has been officially released, which shares the detailed architecture and potential of how Cycle Network achieves global state, covering key topics, including background, Cycle Network framework Detailed technical disclosures and potential real-world applications that developers can deploy using Cycle Network.
White paper URL: https://www.cyclenetwork.io/whitepaper.pdf
StarFish Testnet:
Cycle Network Testnet 1.0 for developer "Starfish" is officially launched, which introduces a breakthrough multi-chain aggregation function , developers can use Cycle-JS-SDK to program and build their own Omni dApp.
Squid Testnet:
As the second iteration in Cycle Network, TestNet Squid is strategically integrated with the Bitcoin ecosystem, facilitating the seamless transfer of BRC-20 assets into and out of Cycle Network. In addition to the Ethereum layer 2 network, Cycle TestNet Squid also integrates Bitlayer TestNet — Bitcoin layer 2 as an extension layer. It plans to integrate Nbuit, Bitcoin’s native data availability infrastructure, into Cycle Network in the near future.
JellyFish Testnet:
JellyFish is a Cycle Network Testnet 2.0 network for developers. It has been officially upgraded. Based on Starfish, the bridge service has been optimized. Developers can experience a smoother Cycle on this network. SDK rollin & rollout service to build your own full-chain products.
Piggybank:
Piggybank is a DeFi tool built on Cycle Network that aims to leverage aggregate liquidity to facilitate micro-transactions and savings services across various blockchains. Users can deposit small amounts of remaining tokens from various transactions into Piggybank, which then intelligently routes and exchanges these tokens across multiple chains, increasing the utility and efficiency of capital.
Team
Cycle Network team members are composed of professors and experts from the University of Illinois, University of California, Berkeley, Google, Baidu, Cobo, and University of Bristol. They have expertise in cryptography, distributed ledger technology, ZK, cross-chain technology, Experience in marketing, etc.
Since 2017, Cycle Network’s core team members have been committed to the research and development of blockchain basic technologies, especially in the field of high-performance distributed ledger and zk hardware acceleration, and focus on scalability and throughput . Its previous work achieved impressive results, with peak TPS reaching 56,000. The team has 30+ academic papers and 50+ blockchain technology patents.
Driven by an original commitment to pushing the boundaries of distributed ledger technology, the Cycle Network team was founded to provide scalable and efficient solutions to meet the growing needs of the blockchain industry.
By leveraging extensive web3 development experience and a deep understanding of developer pain points, Cycle Network aims to enable web3 developers to focus on application-centric innovation and realize the full potential of the web3 blockchain.
Summary
As the head project of the Chain Abstraction track, Cycle Network provides full-chain asset liquidity infrastructure and solutions for public chains and applications through three-layer architecture and verifiable state aggregation technologies, providing seamless, A secure and efficient mechanism to manage liquidity and transfer value between multiple blockchains, significantly enhancing liquidity integration and improving user on-chain interaction experience. The dApp that integrates Cycle Chain Abstraction technology bridgeless helps users share the liquidity of the entire chain and subversively solves the fragmented user experience between different chains.
