Bittime - Modular Blockchain is taking center stage in the world of blockchain technology with an innovative design paradigm that aims to increase system efficiency and scalability through specialization and division of labor.
Before the advent of modular blockchains , a single (monolithic) chain had to handle all tasks, including the execution layer, data availability, consensus, and settlement.
Modular blockchain addresses this problem by separating these tasks into freely combinable modules, each focused on a specific function.
How Does Modular Blockchain Work?
- Execution Layer: Responsible for processing and verifying all transactions, as well as managing blockchain state changes.
- Consensus Layer: Determines the order of transactions.
- Settlement Layer: Used to settle transactions, verify proofs, and build bridges between different execution layers.
- Data Availability Layer: Ensures that all necessary data is available for verification of network participants.
The modular blockchain trend is not only a technological change, but also an important strategy to advance the blockchain ecosystem to be ready to face future challenges.
GeekCartel will analyze the concept of modular blockchain and related projects, with the aim of providing a comprehensive and practical interpretation of modular blockchain knowledge, helping readers understand modular blockchain better, and see future development trends.
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Modular Blockchain Pioneer: Celestia
In 2018, Mustafa Albasan and Vitalik Buterin published a revolutionary article that provided new ideas to address blockchain scalability issues.
“Data Availability Sampling and Fraud Proofing” introduces a method where blockchain can automatically expand storage space as network nodes grow.
In 2019, Mustafa Albasan delved into this research and wrote "Lazy Ledger," proposing the concept of a blockchain system that only deals with data availability.
Based on these concepts, Celestia emerged as the first Data Availability (DA) network with a modular structure. Built using CometBFT and Cosmos SDK, Celestia is a proof-of-stake (PoS) blockchain that effectively improves scalability while maintaining decentralization.
The DA layer is critical to blockchain security because it ensures anyone can inspect and verify the transaction ledger. If a block producer proposes a block when not all data is available, the block may reach finality but contain invalid transactions.
Even if blocks are valid, block data that cannot be fully verified will negatively impact users and network functionality.
Celestia Implements Two Key Functions
Celestia implements two key functions, namely Data Availability Sampling (DAS) and Namespace Merkle Tree (NMT). DAS allows light nodes to verify data availability without downloading entire blocks.
NMT allows block data to be divided into separate namespaces for different applications, meaning applications only need to download and process the relevant data, significantly reducing data processing requirements.
Importantly, DAS allows Celestia to scale as the number of users (light nodes) increases without compromising end-user security.
The Role of Modular Blockchain in the Blockchain Ecosystem
Modular blockchains make it possible to build new chains in a way that has never been possible before, with different types of modular blockchains working together for different purposes and with different architectures.
Modular blockchain can increase efficiency and scalability, as each module can be optimized for a specific task. This opens up new opportunities for developers to design and implement more flexible and efficient solutions.
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In the future, modular blockchain is predicted to play an increasingly important role in the blockchain ecosystem. With the ability to address scalability and efficiency issues, modular blockchain can become the foundation for a variety of more complex and sophisticated Web3 applications.
The adoption of modular blockchain is expected to accelerate innovation in blockchain technology, bringing us closer to the full vision of Web3 .
In this increasingly digital era, a deep understanding of new technologies such as modular blockchain is essential. Not only for developers and technology professionals, but also for the general public who are increasingly involved in the digital ecosystem.
By understanding the concept and benefits of modular blockchain, we can be better prepared to face the challenges and opportunities that lie ahead.
Conclusion
Overall, modular blockchain is a significant step forward in the evolution of blockchain technology. With the potential to increase efficiency, scalability, and security, modular blockchain is poised to become an important pillar in the future development of the Web3 ecosystem.
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How to Buy Bitcoin (BTC) on Bittime
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Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC/IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Bitcoin (BTC) on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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