Eclipse Announces Solana-Powered Ethereum Rollup
Eclipse, an organization that allows for the construction of customizable rollups, has announced the architecture of its Eclipse mainnet, a Solana-powered Ethereum layer two (L2) scaling rollup. The rollup will benefit from using the Solana Virtual Machine as an execution layer, leveraging this blockchain’s various security and performance benefits.
Eclipse Announces Ethereum L2 Using Solana Virtual Machine
Eclipse, an organization focused on building scaling solutions for Ethereum, announced its Eclipse mainnet L2 (layer two) solution using Solana-based tech. The project, which is being promoted as the “fastest” Ethereum rollup by the company, will use the Solana Virtual Machine (SVM) to take advantage of the improvements this has over the traditionally used Ethereum Virtual Machine (EVM)
One of these advantages is the parallelized processing of the SVM, which allows performance to scale more efficiently. Also, the possibility of local fee markets, meaning that one non-fungible token (NFT) event will not paralyze the whole network (as has happened before), is an advantage over Ethereum’s current capabilities.
The adoption of the SVM also presents improvements in the security aspect. Its implementation prevents contracts from being attacked using reentrancy, an exploit widely used by bad actors.
The rollup will, nonetheless, settle its state to the Ethereum chain, as the Eclipse team believes that Ethereum is “the intellectual, social, and economic center of crypto.” The token for paying transaction fees will also still be ether, with the Eclipse team stating it had no plans for launching its own token for the time being.
A Better Scaling Ethereum
The startup, which has already raised $15 million in its seed and pre-seed rounds, considers that while the current Ethereum rollup ecosystem allowed the blockchain to scale and gave users cheaper fees, it is insufficient to “scale for the masses.”
The many-rollup vision, which proposes the creation of a rollup instance for each application, also creates potential fragmentation issues and brings more problems to users and maintainers who have to rely on many infrastructure providers for these solutions.
Eclipse states this is like “using a sledgehammer to crack a peanut,” as ecosystem participants are forced to make “painful and unnecessary tradeoffs (complexity, cost, worse UX, fragmented liquidity, etc.).”
However, the answer for Eclipse is clear:
The optimal solution is incredibly clear – just use a parallelized VM with local fee markets for state hotspots. That’s exactly what the SVM brings.
What do you think about Eclipse’s new Solana-based Ethereum L2 and its purported advantages? Tell us in the comments section below.
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Eclipse Announces Solana-Powered Ethereum Rollup
Eclipse, an organization that allows for the construction of customizable rollups, has announced the architecture of its Eclipse mainnet, a Solana-powered Ethereum layer two (L2) scaling rollup. The rollup will benefit from using the Solana Virtual Machine as an execution layer, leveraging this blockchain’s various security and performance benefits.
Eclipse Announces Ethereum L2 Using Solana Virtual Machine
Eclipse, an organization focused on building scaling solutions for Ethereum, announced its Eclipse mainnet L2 (layer two) solution using Solana-based tech. The project, which is being promoted as the “fastest” Ethereum rollup by the company, will use the Solana Virtual Machine (SVM) to take advantage of the improvements this has over the traditionally used Ethereum Virtual Machine (EVM)
One of these advantages is the parallelized processing of the SVM, which allows performance to scale more efficiently. Also, the possibility of local fee markets, meaning that one non-fungible token (NFT) event will not paralyze the whole network (as has happened before), is an advantage over Ethereum’s current capabilities.
The adoption of the SVM also presents improvements in the security aspect. Its implementation prevents contracts from being attacked using reentrancy, an exploit widely used by bad actors.
The rollup will, nonetheless, settle its state to the Ethereum chain, as the Eclipse team believes that Ethereum is “the intellectual, social, and economic center of crypto.” The token for paying transaction fees will also still be ether, with the Eclipse team stating it had no plans for launching its own token for the time being.
A Better Scaling Ethereum
The startup, which has already raised $15 million in its seed and pre-seed rounds, considers that while the current Ethereum rollup ecosystem allowed the blockchain to scale and gave users cheaper fees, it is insufficient to “scale for the masses.”
The many-rollup vision, which proposes the creation of a rollup instance for each application, also creates potential fragmentation issues and brings more problems to users and maintainers who have to rely on many infrastructure providers for these solutions.
Eclipse states this is like “using a sledgehammer to crack a peanut,” as ecosystem participants are forced to make “painful and unnecessary tradeoffs (complexity, cost, worse UX, fragmented liquidity, etc.).”
However, the answer for Eclipse is clear:
The optimal solution is incredibly clear – just use a parallelized VM with local fee markets for state hotspots. That’s exactly what the SVM brings.
What do you think about Eclipse’s new Solana-based Ethereum L2 and its purported advantages? Tell us in the comments section below.
Read More