Dymension is a new project with strong potential. Like Caldera, it attracted investors’ attention recently. This network introduced easily deployable and very fast modular blockchains. The company calls them RollApps. Moreover, the Dymension network’s core is the Dymension Hub. The latter provides security, consensus, and liquidity for all RollApps.
The team noted that RollApps are actually independent blockchains. The company has built them with its RollApp Development Kit. The latter is based on the famous Cosmos SDK. Thanks to this technology, developers will be able to choose their network token as well as the application environment. Moreover, they can customize their product the way they want it.
While blockchain technology offers many advantages, it is also quite complicated. Many users find it tedious to learn how to use it. Thus, they prefer to employ more traditional methods. However, Dymension aims to simplify the process for its customers. Its blockchain doesn’t come with a complicated validator set.
Thanks to this platform, developers will be able to easily deploy various chains. It’s as simple as running isolated EC2. However, Dymension enables users to get the additional benefits of the decentralized and permissionless nature of the Defi technology.
Besides, the team stated that RollApps would be totally autonomous. They will have their own logic, governance, and decentralization parameters. The company calls them app chains and claims that they have their sovereign ecosystems.
Most dApps based on the blockchain require customers to pay high fees. Users have to buy the app’s native tokens to pay for the latter. Even though RollApp also has fees, they are relatively low, and users can pay for them not only with the platform’s token but with other coins, as well. That is a great advantage, as the company doesn’t force its customers to purchase its utility tokens.
What about the Dymension’s RollApps’ performance?
RollApps can deliver substantial throughput. They have lower latency compared to consensus-constrained blockchains. According to the team, most of the current blockchains work as shared bandwidth systems. However, such a system hinders the growth of decentralized apps.
Noting that problem, the Dymension team developed a multi-layer blockchain protocol, which boasts great tools and features. Customers will be able to use them to build and deploy permission-less rollups. The team wants Dymension to become a hub and factory for such RollApps.
RDK, or the Dymension RollApp Development Kit, is another great feature that the company offers. The team will use it to create these new kinds of apps. According to the company, the RDK is a pre-packaged set of generic modules. The team will use it to create common functionalities, like accounts or token management. The Development Kit will greatly simplify the whole process.
Furthermore, the company designed its settlement layer – the Dymension Hub, to provide an optimized service for rollups. The latter will interact with the Inter-Blockchain Communication protocol. Thanks to it, exchanges will be secure between Dymension RollApps.
Another interesting product that the company offers is the RVM. Dymension introduced this innovative dispute-resolution mechanism as part of its project. With it, the company will be able to support various execution environments.
What is Caldera, and what does it offer?
Caldera is another promising project. It specializes in building high-performance, application-specific, and customizable layer-two blockchains. The company calls them Caldera Chains. These chains offer high throughput, as well as low latency, and customizable features. Thanks to them, the team will be able to optimize the performance and user experience of dApps. Moreover, the platform will process hundreds of transactions per second. Rapid confirmation is another benefit.
The team noted that Caldera Chains are actually custom-built, optimistic rollups. They boast speed and high customization. The platform will provide features such as sustainable revenue generation and an address allowlist. Besides, it will be compatible with the Ethereum blockchain. Caldera will also run standard ETH smart contract code without modification.
The company thinks that design plays a crucial role in shaping the platform’s functionality, as well as user experience. It decided to focus on Ethereum and use it as Caldera’s layer 1 blockchain. Considering that ETH offers unparalleled security and decentralization, it’s a smart choice. Moreover, the team believes that simplicity is very important. It wants to make Caldera Chains user-friendly and easily accessible for all. Overall, this project has strong potential to achieve success.