In the race for dapps (decentralized applications), the downside, according to some in the industry, is that they can lead to poor user experience, which can undermine the cause of mass adoption. So unless current blockchains (both Layer 1 and Layer 2) can overcome nasty problems like high gas prices and slow network speeds, traditional organizations will not be able to afford the technology, according to Ankr’s Josh Neuroth. It will be difficult to convince you that you need it.
Overcoming blockchain scalability challenges
Any attempt to improve blockchain transaction throughput requires compromises that can impact chain security History shows that it could be Alternatively, developers can consider using sidechains or application-specific blockchains (Appchains) to overcome this problem, known as the blockchain trilemma.
As explained by Josh Neuroth, Head of Product for Ankr, the decentralized Web3 infrastructure platform the widespread adoption of Appchains will bring billions of new Web3 users to his It could be the spark you need to kickstart and eventually onboard. In addition, Neuroth also suggested that he could use Appchains as a tool to help developers “overcome scalability challenges by working with other scaling solutions like Layer 2.”
To learn more about Appchains and the potential for Appchains to be the solution to his so-called blockchain trilemma challenge, Bitcoin.com News spoke with Neuroth. Below is Neuros’ statement.
Bitcoin.com News (BCN): What is an application-specific blockchain and why do you need it?
Josh Neuroth (JN): An app-specific blockchain (aka subnet, sidechain, or Appchain) is a dedicated chain serving only one decentralized application. These areBNB chains, polygons, or subnets of an avalanche-like ecosystem that support additional networks for these “child chains”. Appchains provide developers with the highest security, scalability, and customizability without having to build an entirely new Layer 1 chain from scratch.
BCN: What is the difference between Layer 1 and Layer 2 chains?
JN: When building on an existing her L1 or L2 blockchain, developers compete with thousands of other projects for traffic and resources. increase. This can result in a poor user experience due to slow networks, high gas prices, and lack of customization. Alternatively, Appchains dedicate all resources and infrastructure to supporting a single app, greatly improving the UX.
BCN: Why Proponents of Custom Blockchains Think These Will Play a Key Role in Mass Adoption of Web3.
JN: Millions of excited new Web3 users are disappointed with high gas prices, slow transactions, hacks, and complexity. A new solution to these scalability problems allows the developer to focus on delivering streamlined Dapps that all her web users will want to participate in. This will allow Web3 to finally onboard billions of new users. In other words, custom Appchains start offering all the benefits of her Web3 with a better user experience than established Web2 applications.
BCN: How does AppChain help dapp developers build custom blockchains that are uniquely suited for their applications?
JN: Ankr Appchains is an end-to-end offering that allows projects to choose their specifications for new blockchains (built on a BAS-like ecosystem). engineering services. The team begins work building it. Ankr Appchains are highly customizable with customized programming languages, consensus mechanisms, development frameworks and security features to suit any industry and use case.
BCN: How useful is it for transaction-intensive use cases like defi and gamefi.
JN: Appchain It is best suited for the type of use cases that have very high breadth and scalability requirements. Building games directly on Ethereum means a rather slow and expensive experience for players in terms of gas fees. You can always provide a low (or zero) gas price experience. The same principle applies to any new Defi protocol or DEX.
BCN: Custom blockchains are the answer to the so-called blockchain trilemma.
JN: App-specific blockchains address and provide solutions to each aspect of the blockchain scalability trilemma. They improve decentralization by creating an “Internet of Blockchains” with new validators and nodes for a diverse infrastructure. Improve security by allowing developers to customize and extend the security framework they come up with.
Finally, Appchains are very good at improving scalability by allowing Dapps to support almost any number of users or transactions. Appchains is not a panacea for the complexity of the trilemma, but it can help overcome scalability challenges by aligning with other scaling his solutions like Layer 2 which already does a great job towards improving Additional tools. Web3 performance.
Image Credits: Shutterstock, Pixabay, Wiki Commons
