|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Arcology Network is Revolutionizing Ethereum Layer 2 Solutions
Oct 21, 2024 at 02:04 pm
Arcology Network is revolutionizing Ethereum Layer 2 solutions with the first-ever EVM-equivalent, multithreaded rollup—offering unparalleled performance and efficiency for developers building the next generation of decentralized applications.
Arcology Network, a blockchain technology company, is revolutionizing Ethereum Layer 2 (L2) solutions by introducing the first-ever EVM-equivalent, multithreaded rollup. This groundbreaking architecture sets a new standard for throughput and cost efficiency, offering unparalleled performance for developers building the next generation of decentralized applications (dApps).
The Challenge: Scaling Ethereum Rollups
As Ethereum shifts toward a rollup-centric ecosystem, the need for scalability becomes increasingly evident. However, current L2 rollups inherit Ethereum Layer 1's single-threaded design, which presents a significant performance bottleneck. As on-chain activity grows, network congestion increases, leading to substantial fee spikes. In some cases, transaction fees may even exceed the value of the transactions themselves, rendering certain applications economically unfeasible to use.
Moreover, Ethereum faces increasing competition from high-performance Layer 1 blockchains like Solana, which offer greater throughput and lower fees, attracting developers and users seeking more scalable and cost-effective alternatives to Ethereum L2s.
Arcology: Parallel L2 offering High Throughput, Low Fees
Arcology addresses Ethereum's scalability challenges by introducing parallel execution to Layer 2, setting a new standard for throughput and cost efficiency. Compared to existing L2 frameworks such as Optimism (OP) and Arbitrum, which still inherit Ethereum's single-threaded design, Arcology's multithreaded rollup delivers unmatched performance while avoiding fee spikes.
By leveraging parallel transaction execution and optimized storage, Arcology offers a stable, low-cost environment that supports complex, resource-intensive applications, even under heavy workloads.
Comparisons: Arbitrum, Optimism, and Solana
Other L2s, such as Optimism and Arbitrum, inherit Ethereum’s single-threaded design with a target gas limit of 5 to 10 million, which translates to only a few hundred TPS. In contrast, Arcology’s multithreaded system supports 10,000 to 15,000 TPS and a 1.5 billion block gas limit, delivering significantly higher throughput without fee spikes, even under heavy load.
While Solana offers better performance, it requires developers to move away from the Ethereum ecosystem. Arcology, however, maintains EVM equivalence, allowing developers to build with familiar tools while benefiting from parallel execution and superior scalability.
Real-World Impact
Arcology opens the door for groundbreaking applications in industries such as gaming, finance, and decentralized social networks, where fast, low-cost transactions are critical. This allows developers to create dApps that demand high computational power without being constrained by high fees or slow execution times.
How does Arcology work?
The original Ethereum Virtual Machine (EVM) processes transactions one at a time. Arcology extends this architecture to enable parallel transaction processing while maintaining 100% EVM equivalence.
Parallel execution significantly enhances performance but introduces extra technical challenges such as data integrity when multiple transactions access the same data simultaneously. Arcology addresses this with optimistic concurrency control, protecting data while maximizing performance.
However, optimistic concurrency control is sensitive to transaction conflicts, which can reduce throughput. To mitigate this, Arcology offers a Solidity library that helps eliminate contention in contract code, allowing developers to fully leverage the benefits of parallel processing.
Arcology’s parallel execution system isn’t the only enhancement. Ethereum's original storage design also limits scalability, but Arcology implements a parallel database that handles the increased workload of parallel execution.
Ecosystem & Developers
Arcology’s mainnet is expected to launch by Jun 2025. The network invites developers to explore its groundbreaking capabilities and contribute to the next generation of decentralized applications. Early participants will have opportunities to be rewarded through future incentivization programs, designed to encourage the development of high-performance, resource-intensive applications on the network.
About Arcology Network
Founded in 2020 in Calgary, Canada, Arcology Network leverages the latest advancements in parallel computing and distributed systems to build scalable, high-performance blockchains, empowering developers to create the next generation of decentralized applications that require high throughput and low cost.
Contact
info@arcology.network
Website and social media links
Website: https://arcology.network
Docs: https://doc.arcology.network/main/overview/quick-introduction
X: https://x.com/arcologyn
Discord: https://discord.gg/semCbFGXBr
TG: https://t.me/+SB_TYbUo4RlkMDFh
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Monero (XMR) and Tron (TRX) Investors Are Dumping Their Bags in Favor of a Viral Top Altcoin
- Oct 21, 2024 at 05:20 pm
- Crypto casino Rollblock (RBLK) is making waves with its rapid player growth and imminent sports betting expansion. Rollblock is expected to blaze significant higher at the end of its crypto presale, turning $500 into $50,000 for savvy investors who get in on the ground floor of this viral sensation.
-
- Market Volatility Continues: Bitcoin Rises, Ethereum and Solana Surge, Cardano Gains 5%
- Oct 21, 2024 at 05:20 pm
- On October 21, 2024, the cryptocurrency market is still volatile and affecting investors' sentiments and trading strategies. Here is the newest detailed breakdown of market capitalisation for leading cryptocurrencies, showing price trends and the corresponding trading volumes.
-
- Bitcoin Transition from Payment System to Speculative Asset Raises Concerns
- Oct 21, 2024 at 04:25 pm
- The initial goal of Bitcoin—becoming a distributed worldwide payment system—has mainly failed. For regular transactions, Bitcoin is useless because of its poor transaction rates, high cost, and limited usage as a payment method.