In the blockchain field, improving performance and scalability has always been a key challenge. As a Layer 2 public chain based on the Solana Virtual Machine (SVM), SOON brings new ideas and possibilities to address these issues through its unique design and development plan, making in-depth research on it of significant importance.
🔴 SOON Technical Architecture Analysis
(1) Decoupled SVM
SOON adopts Decoupled SVM, separating the execution environment from other key components. This design allows SVM to focus on efficiently processing transactions, independent of the settlement layer's expansion. For instance, in traditional architectures, transaction processing and settlement are closely linked, where congestion in one area affects the overall system; however, after decoupling, SVM can process a large number of transactions in parallel, enhancing speed and efficiency.
(2) Configurable Data Availability (DA) Layer
Its configurable DA layer is another major feature. Supporting interactions from non-EVM chains like Ethereum to Solana means developers can choose the most suitable DA layer configuration based on different application scenarios and needs. For example, in scenarios with high data privacy requirements, specific privacy-preserving DA layer configurations can be selected, providing a flexible foundation for different types of decentralized applications.
🔴 Financing Situation
On August 27, 2024, SOON completed a new round of financing. Key industry figures, including Lily Liu, chair of the Solana Foundation, and Anatoly Yakovenko, co-founder of Solana Labs, participated. Although the amount has not been disclosed, the involvement of these renowned individuals and institutions not only brings financial support but also lends credibility to SOON through their industry influence and resources, helping it expand partnerships and attract talent and users.
🔴 Core Team
(1) Joanna Zeng
As co-founder and CEO, Joanna Zeng has an impressive background. She previously served as Vice President at Aleo and worked at well-known institutions such as Coinbase and OP Labs. Graduating from Carnegie Mellon University with a degree in Economics and Columbia Business School, her extensive experience in the blockchain and finance sectors lays a solid foundation for SOON's strategic planning, business expansion, and industry cooperation.
(2) Nazreen
As the head of developer relations, Nazreen previously worked at Amazon Web Services and possesses a solid technical background and development experience. This enables him to effectively build a communication bridge between SOON and developers, understand developers' needs, attract more developers to participate in the project, and promote ecosystem development.
(3) Henry Spencer
Co-founder and Chief Marketing Officer of zkHoldem, he is currently also serving SOON. Despite dropping out of the University of California, Irvine, he has accumulated extensive experience in marketing and operations, enabling him to develop precise market strategies for SOON, enhancing the project's visibility and influence.
🔴 Competitive Advantage
(1) Improved Performance and Scalability
Decoupled SVM enables SOON to handle higher throughput transactions, meeting the growing demands of applications. Taking decentralized exchanges as an example, it can achieve faster transaction matching and settlement, reducing user wait times, enhancing the trading experience, and standing out in competition.
(2) Enhanced Security
The error-proof mechanism supported by the decoupled SVM allows validators to independently verify transaction integrity. In the transaction verification phase, an additional layer of protection ensures the reliability and consistency of blockchain data, reducing risks caused by tightly coupled architectures, such as security issues arising from single points of failure.
(3) Increased Flexibility
Developers can optimize and customize the execution environment to develop various innovative decentralized applications on the SOON platform. At the same time, the architecture can integrate with multiple Layer 1 networks and DA layers, providing developers with a wide range of options, stimulating the birth of more innovative applications.
🔴 Future Development Plan
(1) Testnet and Mainnet Advancement
The testnet has now been launched, marking an important milestone. Through the testnet, feedback can be collected, performance optimized, and potential issues discovered and fixed, preparing for a robust mainnet launch. After the mainnet goes live, it will officially face the market, undergoing broader application testing.
(2) Ecosystem Expansion
SOON plans to attract more developers and projects by expanding its ecosystem. On one hand, it provides technical support and incentive measures for developers, such as development tools and funding rewards; on the other hand, it actively collaborates with other projects to achieve resource sharing and complementary advantages, promoting blockchain technology innovation and forming a virtuous cycle in the ecosystem.
🔴 Summary
With its unique technical architecture, strong team, and capital support, SOON demonstrates immense potential in the Layer 2 public chain field. In future development, if it can effectively address technical challenges, market competition, and regulatory changes, it is expected to occupy an important position in the blockchain ecosystem and promote industry development.