Consensus Export and Re-Staking: The paper proposes leveraging the consensus achieved on the primary blockchain layer (Layer 1) to simplify and boost the efficiency of subsequent layers (Layer 2). The same economic mechanisms and incentives can be reused by "exporting" the Layer 1 consensus to Layer 2, reducing redundancy and improving overall system scalability.
General Extended Consensus Implementation: The document outlines a framework for implementing extended consensus, where a "chain contract" is deployed on Layer 1 to facilitate miner registration, block production, and chain management in Layer 2 networks. This approach enables cross-network interaction and secure communication between different layers.
L2NG - L2 Consensus based on Waves L1: The paper provides a specific implementation example using the Waves L1 blockchain as the foundation. It describes the miner registration and selection process, block posting, chain extension, and rollback depth calculation mechanisms.
Cross-Network Interaction: The proposed system allows for trustless interactions between Layer 1 and multiple Layer 2 networks, as well as between different Layer 2 networks. This is achieved through the use of cryptographic digests of the L2 state, which are posted on Layer 1 to enable bridge transactions and liquidity transfers.
New L2 Bootstrapping: The document discusses the process of bootstrapping new Layer 2 networks on top of the Waves L1 blockchain. This involves deploying new network contracts on Layer 1, offering incentives to miners to support the new networks, and establishing minimum stake requirements.
Conclusions and Future Work: The paper concludes by highlighting the potential integration of zero-knowledge proofs to enhance further the proposed framework, as well as plans to optimize the Waves L1 infrastructure to better accommodate interactions with Layer 2 networks.
Company Details
- Founded
- -
- Address
- Istanbul, Tr
- Industry
- Blockchain Services
- Website
- https://units.network/
- Keywords
- blockchain, crypto, layer2.
- HQ
- istanbul
Units Network Tr Questions
Units Network Tr's website is https://units.network/
Units Network Tr's LinkedIn profile is https://tr.linkedin.com/company/unitsnetworktr
Units Network Tr's industry is
Blockchain Services
Units Network Tr's top competitors are
Aha Token,
Oolai Tea,
Nexum Innovation Hub,
Ubiquity Labs,
Bybit Tr,
Solverse Digital,
Waves Tech,
Units.network,
Alchemy Pay,
Utilify.
Units Network Tr's categories are Blockchain Services
Units Network Tr's founding year is 2017
