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author:Chris burniskeSource: Placeholder Translation: Shan Ouba, Bit Chain Vision Realm
In 2017, two years after the launch of the main network, Ethereum’s smart contract environment has aroused global attention and has become the basis for publishing and operating open source agreements and organizations.The contract written by Solidity is executed through the Ethereum virtual machine (EVM). The first token issuance (ICO) has become a hot topic. Developers and users have tried various possibilities.
In the bear market in 2018-2020, EVM has consolidated its dominant position because the new smart contract environment is launched by Ethereum standards.Some of the most prominent examples of that era were Avalanche, Binance Smart Chain (BSC) and Polygon. They all launched their own integrated smart contract environment with EVM.
Considering the integrated design of that era, these replacement EVM networks have gone through a new authentication set to support the heavy work of its EVM version, rather than using the existing decentralized hardware ecosystem of Ethereum.Ask any person who is published by a high -level decentralized verification device set, they will tell you that it is not easy to build and maintain it.This heavy work has slowed the popularity of these alternative EVM environments, but despite this, they have developed into an ecosystem with their own developers, users, verifications and other ecosystems.
In 2021, one year after the main network was launched, Solana became famous and provided another execution environment for EVM through the Solana virtual machine (SVM).The contract written by Rust is executed through SVM, and the transaction speed and cost are beneficial to the modern design of SVM.At first, progress was slow.Need a set of new developer tools to support SVM, although it does benefit from pre -understanding Rust.Once SVM is clearly supplemented by EVM, the developer tools and activities around Solana have begun to grow like snowballs.
In 2024, Solana has been widely considered to be the most reliable of Ethereum>ReplenishThe cost, user and DEX transaction volume is comparable to Ethereum, or even more than Ethereum.Just as Ethereum’s extensive success was recognized, EVM began to surge outside Ethereum. As SVM’s own success was achieved, we also saw that SVM began to surge outside Solana.But the diffusion of SVM occurs after a cycle, that is, the blockchain design>The era of modularity.
In the era of modularization, SVM no longer needs to integrate the network and its own authentication set to surpass Solana. Instead, it can be implemented by executing the second floor (L2) of execution, and then plug and play with the preferred consensus and data availability solution to solve the preferred consensus and data availability solution.The plan, so as to outsourcing a large amount of decentralized hardware work.In view of the small workload required, we expect that SVM’s transmission speed will be faster than EVM, and these two virtual machine standards will compete with each other’s mental share, number of users and total value.
In this evolution, the SVM L2 we think is the most worthy of attention isEclipseIt is the fastest L2 of Ethereum.Eclipse selects CELESTIA to achieve data usability and select Ethereum to achieve consensus and settlement.These design choices means that ECLIPSE will achieve extremely fast and cheap transactions through SVM, and at the same time use Celestia’s leading data availability layer to publish transaction data in an affordable and easy -to -verify way.By selecting Ethereum to settle its executed transactions, Eclipse provides Ethereum assets and users with a relaxed way to test SVM applications.
One way to think in the designs in the thinking layer is that the lower the stack, the more we need a small machine to verify the truth.What we call “small machines” refers to a set of requirements that can be fully implemented. Almost anyone can verify the truth based on their own wishes to avoid stringing.As long as these small machines release and verify the “truth”, large machines can run at a higher level of stacks to achieve higher performance, but they will not sacrifice decentralization in important places.Interestingly, this design means that the transaction throughput of Eclipse can exceed Solana L1, so that it has its own diverse ecosystem.
This is a technical aspect; in terms of social, Eclipse’s design choices also bring other interesting results.First of all, because it runs SVM, developers who may feel scared or crowded out by large agreement teams can try to use Eclipse as a green space SVM on Solana.At the same time, because Eclipse uses Ethereum for settlement, it will be able to easily access a large number of existing asset foundations in Ethereum and inherit the reorganization protection supported by Ethereum.Solana application builders may be interested in starting applications they have already existed on Solana to attract these users and assets, and Ethereum users may be attracted to their home attempt to try the SVM environment.People can even regard Eclipse as the Solana embassy of Ethereum countries.
Eclipse is the time to develop SVM L2 longer than any other team. It is also the first team to launch the main network.Vijay ChettyLeader, he has previously led DydX’s business development and growth, and then did the same thing in Uniswap.Vijay’s experience in some most successful cryptocurrency applications makes him very suitable for understanding the needs of application developers.At the same time, there are still around himTerry ChungAs well asDavid LinandNathan CHAThey lead strategies, engineering and growth respectively.As the earliest team to launch SVM L2 on Ethereum, Eclipse is expected to become a leader in this category
