Blockchain development suffers from complex technical needs and a high learning curve. Gear Protocol improves the blockchain technology stack by providing a simplified development method. By decreasing the time and money required to develop Web3 solutions, Gear Protocol unveils opportunities for problem solvers constrained by inadequate resources. The upcoming Vara Network is the first Gear Protocol layer-1 network championing simplified blockchain development.
Understanding Vara Network
The Gear Protocol will become the foundation for the independent, decentralized, Substrate-based layer-1 Vara Network. Here’s how Vara will achieve this.
Leading Technology and Features
When Vara Network launches, it will be pushing the boundaries of Web3 technology, offering developers a gateway to simplified dApp creation. Based on the technology of Gear Protocol, Vara will be using WebAssembly, allowing code to be written in familiar languages, making blockchain more accessible to developers. The Gear Protocol also ensures upcoming Vara Network’s security, sharding, and speed.
Crucial to Vara’s core is Substrate. This blockchain framework offered a foundation for rapid development by making core functionality components easy to adopt and modify, allowing upcoming Vara Network to bootstrap its capabilities. Additionally, Substrate ensures seamless compatibility with the Polkadot ecosystems.
With an impressive technology stack, Vara will facilitate low transaction costs, staking, governance, and participation in the validator, nominator, and ambassador programs.
A Permissionless System
The Vara Network will utilize a system of validators to secure and scale, making the network open, permissionless, and censorship-resistant. Validators receive rewards upon reaching a transaction consensus or handle messages in addition to incentives from the network for building blocks. This rewards structure incentivizes users to contribute their computing resources which keeps all operations running while ensuring dependable dApp performance.
Robust Network Foundation For Market-Ready Use Cases
Gear’s engineers took a mathematical approach and built into Vara’s architecture several technological solutions that enable it to be one of the fastest networks on the market. The most fundamental solution behind the tech is the Actor Model.
Thanks to the Actor Model, it was possible to divide the system components into separate modules and allow parallel execution of program messages. Security is an added feature of this memory division into independent isolated threads. It’s worth mentioning that top-notch scalability is not the only important characteristic of Vara Network — several important optimizations and innovations are also carried out at the level of execution and storage of smart contracts.
Vara’s use of Wasm and a new approach to storing program memory makes it one of the cheapest networks to transact on. Thus, programs themselves are convenient and easy to develop.
This robust foundation prepares the network to handle use cases in industries such as gaming and finance. Vara enhances scalability and security for next-gen gaming, financial-based applications, tokenized real-world assets, supply chain management solutions, and verifiable documentation such as academic results and digital identities.
Vara’s Potential Use Cases in Various Industries
Next-generation gaming, financial-based applications, experimental features, and other contemporary use cases can all be built on top of the quick, scalable, non-fork upgradeable Vara Network. Here are potential Vara Network applications.
Delivering Reliable Speeds in the Gaming Industry
Gaming is among the fastest-growing industries globally, featuring numerous daily transactions requiring ownership verification and secured asset movement. The tech stack employed in Vara will facilitate the parallel execution of program messages and thread-isolated memory to secure data transfers while facilitating swift transaction resolution.
In addition to high throughput, parallelism, and determinism, the Vara architecture allows you to create Web3 applications with complex logic, such as games.
What is the problem with blockchain and gaming?
When many participants modify the program’s state simultaneously in synchronous blockchain systems, all calls in contracts are executed sequentially and must be completed in the same block, this imposes several restrictions on the capabilities of applications.
In the case of Vara, it’s not necessary to wait for all operations to be completed in one block. We can get an intermediate result and finalize it in another block. Vara allows you to create complex interactions in programs, the execution of which can be divided into the required number of blocks, and even to program the execution of logic in time without the participation of the initiator (i.e., it will happen automatically). All thanks to the Actor Model, which makes the gaming experience enjoyable and enables you to create real-time games.
Therefore, game creators may leverage the Vara network to enable advanced game economic models and mechanics. Vara’s fast and affordable transactions will make it the perfect fit for high-usage gaming applications with high-volume transactions.
Enhancing DeFi Performance to Surpass Traditional Finance
Decentralized Finance (DeFi) is a blockchain-based alternative to the current financial system. DeFi applications facilitate borrowing, saving, investing, trading, crypto asset exchange, and other financial services beyond traditional finance limitations. While the current financial system is centralized, DeFi allows individuals to receive personal control and transparency over their finances.
What is the current problem with DeFi?
Transactions must be processed quickly and be cheap for mass usage. Under heavy network loads, the combination of Vara technologies enables efficient network scaling due to the parallel execution of messages and the use of an efficient WASM format. These attributes make the upcoming Vara Network an attractive venue for launching smart contracts for DeFi.
The Future DAO Foundation
Decentralized Autonomous Organizations (DAOs) offer a secure and efficient way to collaborate with individuals globally. Unlike conventional organizations, they don’t have a single decision-maker and are organized democratically. All participants in a DAO must cast their vote on proposed changes or ideas. This is what sets them apart from traditional organizations.
What are the advantages of building a DAO on Vara?
It’s about delayed messages — they automatically execute them at a selected time, enabling complete workflow decentralization. Thanks to delayed messages, you can set up the beginning and the end of voting in the initial logic of the program, thereby completely eliminating the human factor and making the program fully automated.
Another advantage is the DAO can send automatic notifications about new props to users as it has an individual mailbox, making the application more user-friendly.
Vara’s scalability and security will allow the Network to become the foundation of future DAO platforms.
Only the Beginning
Vara’s contribution to Web3 development will become an environment for developers to craft problem-solving dApps. Anyone can deploy dApps onto Vara Network with minimal blockchain development knowledge. This bridge between Web2 and Web3 arrives with a suite of new possibilities — sparking greater adoption. As it’s built on WebAssembly technology, any developer can access familiar coding languages and bonus features such as low transaction costs, staking options, and more. Our vast smart contract examples are available on GitHub, you can modify our templates and adapt them to your needs anytime.
Vara Network’s website launch marks the beginning of a journey that will transform Web3 development. Once the network is operational, this fundamental change will continue to gain significant momentum.
