Dymension is an innovative blockchain network characterized by a modular blockchain called RollApps. RollApps functions as a user interface, providing a platform for various applications such as games, decentralized finance (DeFi), and NFT.
According to the official website, the core of its operations is the Dymension Hub, which acts like a back-end server, coordinating network activity, managing requests from RollApps, and ensuring compatible functionality within the ecosystem.
Dymension Characteristics
The following are some of the characteristics of Dymension:
Blockchain Technology: This platform uses blockchain technology with a Proof-of-Stake consensus mechanism provided by the SDK.
RollApp: Dymension is developed based on RollApp, uses Dymension RDK to customize Rollup Chain and operates via Sequencer.
Dymension Hub: Dymension Hub uses the Tendermint Core state replication model for transaction confirmation and network connectivity. Aggregate service optimization features, creating a central interaction between RollApps.
Modular Structure: The project is built according to the Modular structure, allowing selection of execution environment (including EVMOS EVM, Polaris EVM, CosmWasm) and data storage at low cost.
Optimistic Rollup: The platform uses Optimistic Rollup and Fraud Proof technology to verify transactions.
DYM Token: DYM Token is used to pay fees and participate in platform governance through voting. AMM provides liquidity for token trading.
Asset Transfer with IBC Bridge: Dymension allows RollApps to interconnect and transfer assets with layer-1 via IBC Bridge. Trades on the platform are verified by Dymension Hub, ensuring safety and enhancing security.
