#Facet is a new generation blockchain expansion platform inspired by #Ethscriptions铭文 (to solve the problem of inscription asset splitting and liquidity) that is different from the traditional L2. Facet is currently built on Ethereum and all transactions are Ethereum transactions. By changing the interpretation of these transactions and data, Facet allows you to use Ethereum at an extremely low cost (around 1/10th of the cost) without sacrificing Security and decentralization. This new extended paradigm effectively overcomes the shortcomings of traditional Rollup solutions such as centralized sorters, downtime, and the possibility of operators censoring users. At the same time, Facet is loosely coupled with the underlying blockchain that provides transaction ordering. As market demand and the ecosystem continue to prosper, it can be easily deployed to all EVM-compatible (even non-EVM) blockchains.

Facet is a new generation of secure, decentralized, and low-cost blockchain computing platform. Facet represents a new blockchain scaling paradigm that is expected to replace all traditional L2 as a whole. Facet is currently built on Ethereum and all transactions are Ethereum transactions. By changing the interpretation of these transactions and data, Facet allows you to use Ethereum at an extremely low cost (around 1/10th of the cost) without sacrificing Security and decentralization. It effectively overcomes the shortcomings of traditional Rollup scheme sorters such as centralization, downtime, and weak censorship resistance. Facet and DA layer are loosely coupled. With the continuous prosperity of market demand and ecology, it can be easily deployed to all mainstream L1 and integrated through protocols such as BTC BRC20 with the same technical origin. Facet provides cross-chain and multi-chain interoperability. It has created a new path that is easy to implement, and is expected to eventually become a super computing platform integrating full-chain assets and DAPP.

Facet is divided into 4 stages

1. In the ether inscription stage, the core assets come from ether inscription;

2. In the Etherw ecological stage, the core assets come from ERC20;

3. Cross-chain ecological stage, introducing btc ecological assets;

4. In the full-chain ecological stage, the Facet protocol will be deployed to all mainstream EVM-compatible chains and L2

Inscription assets, FT assets, and NFT assets can be issued on the platform.

The mission of the Facet community is to promote and disseminate the Facet protocol, apply it to various fields such as #DeFi , #GameFi , #SocialFi , and advocate this new paradigm revolutionary movement.