On April 21, Nautilus Chain held an online roundtable meeting with the theme of "The significance and development of Layer 3 blockchain and the evolution of Crypto". We invited many industry guests including GitcoinDAO community manager Bob Jiang, Whalers Community initiator Cui Mian, Chatpuppy co-founder Gu Qianfeng, Whalers Community core builder Cyphernova.eth, Smart Finance community leader James, Getaverse CEO Ryar, Leonicornswap founder Mofassair Hossai and ThirdFi co-founder Victor Lee to discuss topics such as Layer3 technology and industry development trends. Most of the guests were well-known project leaders in the industry. They also talked about why they chose to further expand to the bottom layer of Nautilus Chain and integrate their own protocols, as well as their understanding of Layer3.
Nautilus Chain is the industry's first parallelized and fastest EVM Rollup L3 expansion solution. As the first modular chain, storage, computing, consensus, etc. are all in different modules, which means that it can obtain higher scalability and expansion capabilities, and further improve network throughput, security, and privacy on the basis of Layer2. According to the "Triton" test network data, during the test period, the Nautilus Chain TPS data was above 2000. Nautilus uses Celestia modular bottom layer and uses ZK Rollup technology to increase privacy. When applications in the ecosystem want to achieve more functions, reduce operating costs or enhance security and obtain more sovereignty. For developers, they can choose a solution that suits them in a more extensive package of modules, so as to choose to develop DAPP-Chain or DAPP-Rollup or DAPP-Subnet.
As the first entrant in the Layer3 industry infrastructure, Nautilus Chain has a greater responsibility to enable more industry users to have a deeper understanding of Layer3. We hope that this conference will also allow the industry to pay more attention to the Layer3 track.
It is gratifying that this roundtable meeting was very popular and attracted much attention, and the number of online viewers exceeded 4.8K, which can also indirectly illustrate the attention paid to the Nautilus Chain ecosystem itself.
Conference highlights
The guests talked about their understanding of Layer3 and affirmed the development of the Layer3 sector.
Whalers Community Founder Cui Mian
The Ethereum network can be divided into three layers, where Layer 1 is the main chain, Layer 2 uses technologies such as ZK or Rollup to expand the main chain, and Layer 3 is a more customized expansion that can meet some special application requirements, such as privacy protection. At present, some brands have built Layer 3 into an application layer to achieve a more expansive ecosystem.
When talking about the expansion trend of the public chain in the future, Master Cui Mian said that the expansion problem in the blockchain field is that the centralized payment method with large transaction volume and fast speed cannot be achieved by the blockchain, so it needs to continuously evolve and explore new solutions. In order to improve speed and security, the blockchain has developed a multi-layer structure, including Pow, POS, layer two and ZK, and Layer3 that may be produced in the future. Analogous to the development of the Internet, blockchain technology also needs to continuously evolve to reduce costs, improve efficiency and enhance user experience. There is still the possibility of continued development in the future.
Chatpuppy co-founder Gu Qianfeng
The Internet has experienced a process of cost reduction and growth, and the application ecosystem has developed greatly, making the use of the Internet more convenient and low-cost. Similar to the Internet, blockchain technology also faces three major impossibilities, but many solutions have been generated around these problems, such as Layer2 and Layer3. Layer3 is a further development based on Layer2. Vitalik once defined it, and many projects are currently being developed based on this definition. At present, blockchain applications are facing the opportunity of an explosion. With the emergence of new Layer2 and Layer3, a more seamless interactive experience will be achieved, which will also bring more possibilities for application expansion.
When talking about the expansion trend of blockchain, Gu Qianfeng said that the development trend of blockchain technology is to reduce costs, increase speed, and continue to develop towards more specialized applications. The development of Layer3 technology has enabled more people to access blockchain, and in the future there will be hundreds of millions of people using blockchain.
Whalers Community Core Builder Cyphernova.eth
There are three layers in the Ethereum network, namely Layer1, Layer2 and Layer3. Layer2 mainly solves the high gas fee and low TPS problems in Layer1, and achieves expansion by sacrificing a certain degree of centralization, thereby reducing costs and improving efficiency. Layer3 is more like a customized Rollup expansion solution, which can be expanded for specific needs, such as improving privacy, improving the lending system, optimizing the gaming experience, etc. In general, the three layers have different application scenarios and key points for solving problems.
At present, Layer 3 provides many customized application services to improve the scalability and performance of blockchain, especially for game applications with high TPS requirements, which can effectively improve the user experience. At the same time, the development of Layer 4 and Layer 5 is also an inevitable trend, which can further optimize and improve the performance of blockchain networks. However, it should be noted that some projects under the name of Layer 3 or Cosmos expansion chain are not truly decentralized blockchains. They may just sacrifice decentralization excessively in pursuit of high TPS, which may bring security risks to users. Therefore, we need to be vigilant about these projects, and at the same time, we must pay attention to security issues while developing technology.
When asked why they chose to integrate the protocol on Nautilus Chain, Victor Lee, co-founder of ThirdFi, said that he had met the Nautilus Chain team when he was working as a consultant for another company. Nautilus Chain is a very good Layer 3 execution platform that can make it easy to connect and low-cost zk-rollups and Optimism solutions in the future, so that applications on the chain can achieve high operating efficiency. Victor Lee's team plans to further integrate applications on Nautilus Chain, and has completed connection and API testing on the test network to ensure a fully integrated deployment in the future. ThirdFi will eventually transfer traffic to Nautilus Chain or the protocol of the ecosystem.
In addition to Victor Lee, Smart Finance community leader James, Getaverse CEO Ryar, and Leonicornswap founder Mofassair Hossai introduced their own projects respectively. Afterwards, they also expressed their views on Nautilus Chain.
James described Nautilus as a secure, decentralized cryptocurrency management and trading platform, and introduced the reasons for choosing to integrate with Nautilus. He said that Nautilus uses its own blockchain to provide higher security and transparency, while using Eclipse Text tags to build its own modular Rollup, allowing for the general capabilities and technical flexibility of smart contracts.
Getaverse CEO Ryar said that Getaverse's digital identity authentication engine protocol is being deployed on Nautilus Chain to provide users with more secure and efficient digital identity authentication services, and is integrating Getaverse's credit assessment system with the Nautilus ecosystem to provide users with more comprehensive credit assessment services.
In addition, the two teams will cooperate in cross-chain technology development. Ryar believes that the cooperation between Getaverse and Nautilus aims to promote the application and development of blockchain technology, improve the security and reliability of digital identity authentication and credit assessment, and provide users with more convenient and high-quality services. In the future, the two teams will continue to explore other areas of cooperation and development.
Mofassair Hossai, founder of Leonicornswap, said that Leonicorn is seeking to expand the functionality of its own protocol. Nautilus Chain is technologically advanced and is expected to further meet user needs and help Leonicorn provide more income and reward opportunities.
At present, the Nautilus Chain test network "Triton" has developed to the second stage and launched a "loyalty program" to incentivize ecological contributors. Previously, the "Triton" test network attracted more than 200,000 community members to participate, with more than 188,000 registered addresses and more than 810,000 on-chain transactions. Nautilus Chain has also established strategic partnerships with more than 30 ecological partners such as Celestia, MultiChain, Eclipse, Poly Network, and Galxe.
The second phase of the incentive plan will incentivize Zepoch NFT holders, users holding $ZBC on BSC or Solana, social media contributors, testnet interactive users, participants in the Nautilus x Galxe Layer 3 Carnival who collected at least one OAT, bug feedback, and users who participated in Zebec DAO voting.
With the development of the Nautilus Chain ecosystem, the launch of the Nautilus Chain mainnet is progressing.