🚨 Opside, A Layer 3 Blockchain / Testnet is Live
@OpsideL2 is a three-layer blockchain architecture of the form "Base Layer <- Sidechain <- Rollups." Let's See how that works, Test the product and Give them feedback 🚀
⭕️ like and RT / Tag frens
#AlphaInsiders 🧵🕵️♂️⚡️🪂
1/
WE (AlphaInsiders) ARE NOT FINANCIAL ADVISORS.
THIS IS NOT FINANCIAL ADVICE.
Everything in this thread is intended as educational material, not financial advice for any individual. ALWAYS DYOR.
2/
⭕️ What is Opside?
There are a lot of blockchain scalability solutions: sidechains, optimistic and zk rollups. They build up layer 2s with much lower gas than layer 1, but still not enough for high-throughput applications like games.
Starkware came up with the concept of L3
3/
But rollups also have some problems. Rollups store their compressed data and verify their state transitions on L1. So their performance is limited by layer 1 as an upper bound. Furthermore, each transaction running on the rollup finally requires a gas fee on layer 1.
4/
Opside introduces another three-layer architecture for applications. Its layer 2 is a sidechain connecting to layer 1 through bridges, and layer 3 is a bunch of rollups running on layer 2, aka base layer <- sidechain <- rollup.
5/
Based on this architecture, layer 2 gains asset variety from bridges and infinite scalability from rollups, providing a more friendly running environment for applications.
The tradeoff is that its security relies on layer 2 rather than layer 1. 🔥
6/
⭕️ Architecture
This is how the system will work
🔸Layer3: Rollup as a Service
🔸Layer 2: Sidechain for Execution
🔸Layer 1: Assets from Blockchains
7/
⭕️ Roadmap
🔸Q3 2022
Started with Layer 2 testnet and bridges to Ethereum and other chains
🔸Q4 2022 -Q1 2023
Started Layer 3 testnet based on Zk-Rollups
🔸Q2- Q3 2023
Will start with high throughput with applications running on testnet
🔸 Q4 2023
Support Optimistic / ZkEVSs
8/
⭕️ Why We are doing this?
There are 3 main reasons and a good idea to start testing the product today
🔸Its a great product, building something unique & you gonna hear more about it in future
🔸You might get the early-testers role in their discord
🔸There will be a $IDE token
9/
⭕️ What to do?
🔸Get some test tokens
faucet-testnet.opside.network
🔸Bridge Layer 2
bridge-testnet.opside.network
🔸Stake on Layer 2
staking-testnet.opside.network
🔸Bridge Layer 3
zkbridge-testnet.opside.network
🔸Join Discord / Feedback
discord.gg/uZtfWuGjhA
🔸Follow @AlphaInsiders For Uodates
10/
If You Want To Claim The Next #Airdrop
Make sure to follow 🚨 @AlphaInsiders and Join Our Discord discord.gg/alphainsiders
🔸You can read this on Mirror & collect the post as an NFT
mirror.xyz/alphainsiders.…
🔸Lens
lenster.xyz/u/alphainsider…
This is #AlphaInsiders🕵️♂️⚡️
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.