The first-mover advantage of Ethereum makes it the first choice for DeFi applications with strong financial attributes, while the rocket protocol aims at NFT and complex decentralized applications. While compatible with all DApps and assets under the Ethereum EVM system, it also implements contracts. Level of cross-chain interoperability.
Written by: Groot
In the 11th year of Bitcoin’s birth, the wildfire of DeFi has made more and more people aware of the value of the financial properties of the blockchain. The explosion of NFT and other non-financial fields in the first two months of 2021 has added a new highlight to the application value of blockchain technology. Just as Ethereum focused on the application layer at the beginning of its creation, and envisaged the presentation of three types of financial, semi-financial and completely non-financial applications, what blockchain technology can achieve is not only financial innovation, but is expected to Fundamentally improve the computing efficiency of the industry.
Although Ethereum’s unshakable first-mover advantage has made it the first choice for various DeFi applications with strong financial attributes, a few years ago, a single crypto cat caused the Ethereum network to be congested to almost paralyzed, and Ethereum is not “perfect”. Especially for game applications that require more information storage and frequent user interaction, Ethereum is hardly a good enough choice, and the rocket protocol incubated by MixMarvel is “for this reason.”
What is the Rocket Agreement?
Version 1.0 of the rocket protocol incubated by MixMarvel is based on Ethereum’s Layer-2 expansion solution, which was originally applied to the then Top 1 blockchain game “HyperDragons”; after multiple version iterations and functional upgrades, the current rocket protocol is about to launch version 2.0. As a high-performance chain group that can realize the multi-chain contract interoperability of the EVM system, the Rocket Protocol 2.0 integrates the cross-chain protocol, the NFT protocol and the EVM protocol, and expands on this basis, allowing developers to freely create and adapt to various The complex decentralized application of this kind of scene, at the same time, gives users an experience similar to Internet applications. If the current Ethereum DeFi ecosystem is compared to a financial center, then the rocket agreement is intended to create an entertainment center.
The Rocket Protocol solves the problem of high-frequency trading through the efficient VRF+BLS consensus mechanism; solves the problem of data heterogeneity through the cross-chain solution based on the relay chain; solves the diversity problem through the horizontal expansion method; solves the interaction problem through the real-time confirmation of the transaction . And when frequent interactions are no longer restricted by the high transaction costs and slow confirmation speeds on the Ethereum chain, blockchain games in the true sense become possible. After all, most of the so-called blockchain games at the moment are just Simple collection + collection only, the game experience is almost zero.
In addition, the Rocket Protocol will also incorporate common protocols such as ERC-721 to regulate NFT as a standard for digital assets. On top of the ERC-721 standard, the rocket protocol extends its own features, including life cycle management, a new data structure that supports data reuse, and data authority management based on Dapp latitude. This allows the imagination of the agreement itself to be further released. Through the integration of various underlying technologies, the rocket agreement aims to create a future-oriented blockchain infrastructure for the virtual world, which can integrate financial, semi-financial and non-financial products. It is DApp-like, and is not limited to shaping an on-chain “playground”.
In the blue ocean of blockchain, Ethereum is the big island, Polkadot is the archipelago, and the Rocket Agreement is a free trade port. The Ethereum ecosystem is like a big island, and various applications are like shops in the big bazaar on the island. But the underlying infrastructure is still relatively simple. If developers want to expand, they need to build elevated, railways, etc. on the original islands. It is an independent, self-contained, closed-loop ecology. The Boca ecology is like an archipelago, with the mother island in the center, and a group of small islands around, each of which is connected to the mother island through an undersea tunnel. All transportation and people flow between the small islands pass through the mother island as a transfer station. The Rocket Agreement is a free trade port connected to the mainland. It can be directly connected to the outside world through a channel, and the logistics, people flow, and capital flow on the route can also be freely interacted; the port has also built an infrastructure suitable for large-scale shops (similar to a commercial street), and developers can directly develop applications according to their own needs .
MixMarvel has a special role in the free trade port. It is similar to the first entertainment city in the port area. It will attract a large number of ordinary users from the mainland to the blockchain blue ocean area.
The editor believes that compared to Immutable and Ronin, which currently also focus on the NFT market and optimize the non-financial application experience of the Ethereum network, the Rocket Protocol has natural advantages in self-produced cross-chain transfer, as well as composability and interoperability. Upside is better than both. By being compatible with the Ethereum EVM, the Rocket Protocol is very friendly to the “porting” of the existing DApps in the Ethereum ecosystem. In addition, with a more complete developer reward mechanism and a more open ecological layout, the Rocket Protocol may be in the developer’s “competition battle”. “In the first place.
Development roadmap
The Rocket Protocol plans to complete the mainnet launch in the second quarter of 2021. The goal is to support the development of DApp based on the Rocket Protocol. This stage will focus on the development of the VRF+BLS consensus mechanism, the EVM-based smart contract system and the NFT protocol stack. When the mainnet goes live, the Rocket Protocol team will announce the token economy of the token RPG.
In the third quarter of 2021, a cross-chain solution based on the relay chain will support the circulation of existing Ethereum assets in the rocket protocol. The EVM was enhanced in the fourth quarter, and the development efficiency of vertical fields was improved by extending the Solidity syntax. In the first quarter of 2022, the goal is to achieve IDE enhancements to support complex applications; to establish a project environment that is similar to the virtual and real environments, to make smart contracts adjustable and measurable, and to maximize developer efficiency.
summary
Although DeFi is booming, financial applications are not everything in the blockchain world. In contrast, the development prospects of non-financial applications that are still relatively “naive” are more worth looking forward to. The timely emergence of the rocket agreement may lead a new wave of craze in the encryption industry beyond DeFi.
Disclaimer: As a blockchain information platform, the articles published on this site only represent the author’s personal views, and have nothing to do with the position of ChainNews. The information, opinions, etc. in the article are for reference only, and are not intended as or regarded as actual investment advice.
