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SOON Network Research Report: Extending SVM Beyond Solana
Introduction
The SOON Network is like a trailblazer in the blockchain universe, aiming to stretch the capabilities of the Solana Virtual Machine (SVM) beyond its original Solana home. This report dives deep into SOON’s inventive methods, technical strides, and the potential ripples it could make in the vast sea of blockchain.
Background: Solana Virtual Machine (SVM)
The Solana Virtual Machine (SVM) is similar to a high-octane engine built to rev up scalability and throughput. Instead of the usual slow lane of sequential processing, SVM zips through with parallel execution, allowing Solana to juggle a far greater number of transactions per second (TPS). SVM serves as the control center for smart contracts and decentralized applications (dApps) on Solana.
SOON Network’s Decoupled SVM
SOON Network is like a mad scientist in a lab, introducing a game-changing experiment by detaching the SVM from Solana’s ruling layer. This separation sets the stage for SVM to break free and stand on its own as an independent execution layer, ready to strut its stuff on any blockchain playground, even the likes of Ethereum. This split marks a major shift in architecture since SVM used to be tightly knit with Solana’s Proof of History (PoH) and Tower BFT consensus dances.
Technical Advancements
- Decoupled SVM Architecture: SOON’s setup processes transactions without needing Solana’s approval. It saves SVM transaction data in a special Data Availability (DA) layer and stitches the execution outcomes to an Ethereum-based truth-check system, a bit like how Optimism sniffs out fraud. This gives a green light for independent verification of SVM’s actions with a conflict-solving safety net.
- Merklization: SOON plants Merklization seeds to cultivate solid blockchain stability and scalability. By mimicking Ethereum’s Merkle Patricia Trie (MPT) method for nurturing Solana’s garden, SOON gathers transactions and account snapshots under one Merkle roof for easy verification. This opens the door to quick client checks without the hassle of downloading the entire network garden.
- Horizontal Scaling: SOON expands its horizons by spreading out transactions among many nodes. This strategy beefs up network toughness and gives room for limitless growth based on demand.
Core Components of SOON Network
- SOON Mainnet: Imagine a versatile SVM Layer 2 (L2) settling down on Ethereum, delivering a high-performance breeding ground for smart contracts and dApps.
- SOON Stack: A toolkit for rolling up SVM-based creations on different Layer 1 (L1) platforms. This toolbox empowers developers to unfurl SVM rollups on various L1s, much like how Arbitrum Nitro or Optimism Bedrock build their fortresses.
- InterSOON: A messenger service connecting SOON with other blockchains, paving the way for smooth asset transfers and dApp mingling.
Community-Driven Approach
SOON Network raises its flag for community involvement, earmarking 51% of its tokens for the crowd. This initiative finds support among Solana luminaries, showcasing a dedication to shared leadership and grassroots participation.
Growth Strategy and Ecosystem Development
SOON Network aims to spread the blockchain gospel by stretching SVM’s reach to major L1 networks like Ethereum, Bitcoin, BNB, and TON. The Super Adoption Stack (SAS) takes the helm in this voyage, focusing on top-notch performance and seamless connectivity across various chains.
Conclusion
The SOON Network charts a bold course in blockchain tech by extending the boundaries of the Solana Virtual Machine beyond its original realm. Through its inventive Decoupled SVM architecture, Merklization wizardry, and expansive scaling, SOON offers a pliable solution for cross-chain conversation and collaboration. As the blockchain cosmos continues its dance of evolution, SOON’s methods stand ready to orchestrate a crucial tune in promoting wider acceptance and harmony among diverse blockchain realms.
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Related sources:
[1] reports.tiger-research.com
[2] followin.io
[3] substack.com
[4] followin.io
[5] www.gate.io
