Dymension and Rollapps: Scaling Blockchain with Innovative technology ( $DYM )
In late 2021, the Dymension team spotted a rising star in the blockchain world: rollups. These clever Layer 2 networks, often built on Ethereum, aimed to improve transaction speed and affordability by processing them off-chain before finalizing them on the main network. Imagine them as express lanes for blockchain traffic!
Initially, the team envisioned creating a toolkit to simplify rollup development. However, they realized Ethereum's architecture wasn't ideal for optimal rollup performance. Undeterred, they explored the Cosmos ecosystem, where each application boasts its own dedicated blockchain capable of seamless communication through the IBC protocol. This sparked an ingenious pivot.
Instead of individual blockchains, Dymension was born: a network designed from the ground up to natively support rollups. This innovative approach ensures optimal performance and scalability, allowing numerous "rollapps" (application-specific rollups) to flourish within the ecosystem. Think of rollapps as mini-blockchains tailored to specific applications, offering lightning-fast transactions and lower costs.
By incorporating IBC support, Dymension unlocks seamless communication between rollapps and other IBC-compatible blockchains. This fosters an interconnected future where diverse applications can interact and collaborate effortlessly.
Note: Remember that celestial ($TIA ) pioneered the rollup innovation.
