What if you can enter all blockchain ecology with one wallet?

Nick Grossman, the co-founder of Top Capital USV, once lamented the huge WeChat ecosystem when he attended the conference in China last year. He found that many new apps use WeChat to log in, which happens to be the vision of web3.

As a leader in web2, such a vision is of course impossible to realize at the moment, and of course WeChat cannot be used by all applications Entrance, the giants have established their own barriers to make application interaction impossible.

But in a decentralized world, cross-chain development is inevitable. The vision of exploring the entire ecology with only one entrance is being realized step by step.

Looking forward to Nervos

The vigorous DeFi movement has temporarily come to an end. With the crazy wealth effect of several months, DeFi has completed a large-scale user education in a very short period of time. Almost everyone knows the decentralized lending, trading and other functions.

Of course, the performance and high gas fees of the Ethereum network have also been criticized in the development of DeFi. When the Ethereum network is congested, the cost of a quick transfer may be as high as tens or even hundreds of dollars. The high cost of using DeFi dissuades a large number of users with small funds.

Some projects began to escape from Ethereum. Obviously, many developers have also discovered the shortcomings of Ethereum itself. Various Layer 2 technologies, cross-chain technologies, and the "Ethereum Killer Public Chain" came into being.

The current most mainstream expansion strategy of Ethereum is to use Layer 2, of which Rollup technology is the most representative, but Ethereum The Layer 2 in the workshop is not yet perfect. Layer 2 itself has a threshold. For users, assets need to be transferred to Layer 2; for developers, because most of them cannot continue to use solidity code, they must deploy in a new language.

Moreover, different Layer 2 technologies are not interoperable, such as between zk-Rollup and Optimistic Rollup The applications cannot interoperate with each other, and the limitations are extremely strong. This has also led to a situation where even though everyone knows that the performance on Layer 2 is better, few people experience it.

There are still many users who believe that after so many years, the blockchain can still develop without cross-chain. However, the frequent maintenance of centralized trading platforms and the inability to exchange coins and the strong rise of DeFi all warn every user that times have changed. Even the anchor tokens of Bitcoin on the Ethereum chain have exceeded 140,000.

And Nervos has come up with a solution.

As early as the beginning of the design, Nervos foresaw the dilemma of Ethereum on the chain, so the Nervos network adopts layered Architecture, Layer 1 Nervos CKB is based on the PoW consensus and is responsible for the underlying security, while Layer 2 is a public chain that focuses on improving the scalability and efficiency of the network.

After balancing efficiency, scalability and security, Nervos began to propose a new strategic direction of blockchain ecology Entry "Interoperability 2.0". Perhaps four years later, "Interoperability 2.0" will become a new concept pursued by the market, just like the concept of "Ethereum Killer" four years ago.

The popularity of WeChat, Alipay, Weibo and other applications has helped the mobile Internet to complete a user education, and the best User education does not require user education. For example, Nervos no longer needs to teach users to use Metamask. In Nervos, users can use any wallet such as MetaMask to play any DApp in DeFi, NFT and other fields. Nervos will become the entrance of "Interoperability 2.0", just like WeChat is the entrance of various small programs.

Solutions to DeFi pain points

Talking about the future is too far away. At present, Nervos has launched the test network based on the MIT License authorization terms. The open-source DEX demonstration project "Gliaswap" can already allow us to experience performance that is almost indistinguishable from Ethereum Layer 2.

Gliaswap is a cross-chain DEX built on Nervos Layer 2. At the same time, the EVM compatibility layer Polyjuice on Nervos is being integrated with the Rollup solution Godwoken, which means that the Ethereum compatibility layer with Rollup expansion will soon be implemented on Nervos Layer 2.

In other words, Gliaswap allows users to experience the experience closest to Ethereum Layer 2 in advance with almost no threshold, and Nervos is quite In a faster and cheaper Ethereum. Users can directly use ETH or DAI to purchase assets on the CKB or Nervos chain through Nervos. In the future, you can even directly use DAI to purchase mirror assets of other chains on Nervos (such as CKB-EOS on the Nervos chain), and you can even directly use your own Ethereum wallet to send EOS to your friends who only have EOS wallets.

Many users know that cross-chain is important, but they don’t know why it is important. The main reason is that most users have not really enjoyed it An easy-to-use truly decentralized cross-chain system. A truly usable decentralized cross-chain system does not have downtime, inability to withdraw coins, and slow transactions, but is efficient and tokens can be freely circulated.

As a DEX built on the Nervos public chain, Nervos has launched a DEX that can interact with multiple public chains and alliance chains. Operational cross-chain solution "Force Bridge". Force Bridge adopts SPV simple payment verification, and transactions between multiple chains can be completed efficiently.

For ordinary users, the biggest surprise given by Nervos is the "PW Core" launched with Gliaswap. PW Core has successfully realized the free flow of user assets on Nervos Network and other chains. Users do not need to create new wallets and memorize new mnemonic words, just use Ethereum addresses. For the old users of Ethereum, there is no need to change their usage habits or increase the cost of learning.

Looking back, I realized how deep the underlying technology of Nervos is.

At the beginning of its establishment, in addition to transaction ordering, Nervos used no hard-coded cryptographic primitive design, and assets Ownership verification is implemented through the lock script in the cell, and the verification rules and the cryptographic primitives used can be customized, so almost all cryptographic primitives can be flexibly used by developers.

At the same time, the bottom layer of Nervos has always insisted on using PoW. Time has repeatedly proved that PoW is currently the most expensive attack on the market One of the consensus.

These preliminary preparations provide strong support for the current DeFi infrastructure to be built on Nervos.

In addition to technical competitiveness, Gliaswap is also upgraded compared to other DEXs in terms of user experience and design. Gliaswap has both AMM and order book modes, giving users one more choice when trading. At the same time, in order to minimize impermanent losses, Gliaswap will launch a "price limit function" in the next version, which can set a price range, and when the token price exceeds the range, liquidity can be automatically injected or withdrawn.

Of course, Gliaswap is only the first step for Nervos in the DeFi field, and its ultimate goal will be to create an "interactive Operability 2.0". The technologies Force Bridge and PW Core applied on Gliaswap are the cornerstones of Interoperability 2.0.

So, what is the imagination of Interoperability 2.0?

Imagination space for interoperability

Just imagine, when you trade, you don't need to know who provides the technology behind it, and you can complete the transfer and exchange of funds in a smooth flow. This is the future form of DeFi. Just like surfing the Internet in 2020, it is not necessary to understand the specific mechanisms of the TCP protocol and the HTTP protocol.

At present, Nervos' "Interoperability 2.0" is getting closer to this goal.

The combination of mixability and interoperability between various protocols on a chain is called "interoperability Sex 1.0", which is a two-dimensional structure. When all chains are interoperable, any wallet can interact between any blockchains, and assets can be transferred at will. This is "Interoperability 2.0". Compared with Interoperability 1.0, this is more like a three-dimensional structure .

The "Interoperability 2.0" launched by Nervos is trying to establish a system and integrate all blockchain languages and Developers are included in this system. This is determined by the characteristics of the Nervos chain itself. The Nervos chain itself is familiar with the language of each chain (equivalent to the translation layer between each chain), and can easily carry out cross-chain and compatible applications of different chains. The emergence of "Interoperability 2.0" will accelerate the development of blockchain, promote competition among public chains with the same attributes, and retain characteristic public chains. At the same time, various technologies such as competitive DEX, oracle, and Layer 2 are applied to the preserved public chain.

Under "Interoperability 2.0", when users find that the loan interest rate on the Polkadot chain is low, and the Ethereum When the lending rate on the square is high, you only need to open the MetaMask wallet to complete a series of arbitrage operations such as lending on Polkadot (with Polkadot wallet support) and lending on Ethereum. When you find an interesting DApp game on the EOS chain, you can also use the MetaMask wallet to play a similar DApp on the Nervos chain.

And all of this can be done through Nervos in the future.

The brilliance of "Interoperability 2.0" lies in its long-term impact on the blockchain ecology and DeFi ecology , with the step-by-step implementation of "Interoperability 2.0", ordinary users no longer need to understand the development of technology, but only need to enjoy the convenience brought by technology. Just as you no longer need to understand the protocol when surfing the Internet, you only need to enter the URL you want to browse. However, the premise of all this is that the concept of Nervos can be realized, and Gliaswap is the first step of this concept.

Once "Interoperability 2.0" is realized, it means that users only need one wallet and one account to open up all DeFi Ecological entrance. At that time, Nervos will be to DeFi as WeChat is to Mini Programs, and will become the entrance to the DeFi ecosystem.

Nervos has developed many complex technologies Force Bridge, PW Core, and Polyjuice to achieve "Interoperability 2.0", but In order for the user to operate more concisely. This scene has also appeared on the Internet. With the continuous improvement, open source, and iteration of various protocols, complex operations can be completed with a few simple clicks. It is precisely because of the continuous development of the underlying technology that we are able to enjoy a convenient life today.

With the application of blockchain technology, in the near future, DeFi will be integrated into the lives of ordinary people, whose A more concise operation scheme will definitely win more users. The day when you can play all blockchain ecological applications with only one wallet is not far away.

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