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Author: James Smith, Cointelegraph; Compilation: Deng Tong, Bitchain Vision Realm
1. Introduction to Kraken’s INK blockchain
Ink is the second -layer bridge connection that Kraken is developing, which aims to improve the efficiency of decentralized finance (DEFI) by increasing transaction speed, reducing costs and improving flexibility.INK Test Network will be launched during the DevCon in Bangkok from November 12th to 15th, 2024. The main network is planned to be released in the first quarter of 2025.
Kraken’s Ink seamlessly integrates centralized and decentralized environments, providing users with all necessary tools and services, while alleviating common challenges related to these environments.The solution runs on Ethereum as the second (L2) solution, which reduces the pressure of one (L1) chain.
The term “L2 solution” refers to an agreement built above the basic blockchain (also known as L1 blockchain) to improve its characteristics, such as scalability and privacy.These protocols obtain transaction processing from the L1 blockchain and only use it for transaction settlement.Common L2 solutions include status channels, side chains, Optimistic summary and zero -knowledge summary.
Ink is based on the open source of Optimism and the OP Stack code library authorized by MIT, and integrates with the Ethereum ecosystem.Ink will become an integral part of Optimism Superchain. Optimism Superchain is a L2 blockchain network that shares a common development stack, security, bridge and communication layer.
INK will enable you to use the tested security of Ethereum, and at the same time participate in actively supporting Ethereum scalability systems.Optimism Superchain will promote its interoperability in the entire ecosystem and other fields, so that liquidity can easily move between the chain that forms the Superchain.
What is the difference between INK and other L2 solutions?
Ink will stand up to a bridge between the familiar environment of the DEFI world and the centralized cryptocurrency exchanges.For beginners, it will make the process of “on -the -chain” easier.By allowing consumers to easily enter DEFI, it strives to reduce the uneasiness that DEFI often brings.
Ink is a blockchain supported by an exchange designed for DEFI, which aims to simplify the user experience and expand the scope of decentralized finance.By uninstalling transaction processing from the main blockchain, Ink strives to improve the efficiency and scalability in the DEFI ecosystem.
With Ink, Kraken hopes to bring the reputation of the organization into the decentralized field.This method is not just another L2 solution; it combines the advantages and disadvantages of centralized and decentralized systems.By eliminating or reducing this transition with challenging friction points, Ink allows users to easily move between two worlds.
Security is another parameter of INK different from other L2 bridges.Ink’s strong security standards are designed to reduce risks, which is very important in the Defi environment.As for the speed of the formation of the block, INK will provide a second block time from the first day, and is committed to reducing it to the sub -second level.
In the first quarter of 2024, Optimism’s daily active address reached 89,000, an increase of 23%over the previous quarter.Optimism’s daily transaction volume reached 470,000, an increase of 39%over the previous quarter.
Third, what makes interoperability a key feature of Ink?
Ink is preferentially considering cross -chain interoperability, and users can seamlessly transfer assets between different blockchain.This function makes Ink a multi -functional platform in the DEFI ecosystem.
Ink is based on OP Stack, which benefits from the security of Ethereum, and adds value to the Superchain L2 solution network.Optimism Superchain, as a unified chain network, improves the performance of the entire Ethereum ecosystem and expands the scope of efficient operation of decentralized applications (DAPP).
Ink will improve the performance of DAPP and protocols on Superchain through automation processes and simplified workflows, thereby achieving a smoother transition on the chain.
By promoting cross -chain interoperability, INK will provide users with permissions of more widely visited DAPP and resources across multiple networks.
The Asia -Pacific region is witnessed the fastest growth of the blockchain operating market.This surge is widely adopted by blockchain technology and governments in China, Japan, and South Korea.The region is experiencing more than 65%of the significant compound annual growth rate (CAGR).
4. What is INK’s economic model?
Ink is a platform with a thoughtful economic model.According to Bloomberg, Kraken will launch it with a serialized income model. This strategy has proven to be favorable in the case of Coinbase.
With Ink, Kraken carefully created a long -term economic model to promote the expansion of the ecosystem.Kraken will act as the serializer of INK, which means that Kraken will arrange transactions in a summary, and then send it to Ethereum and earn income for the service.For example, Coinbase created a serialized income of $ 53 million through Base in the second quarter of 2024.
In addition, INK is not a solitary fighting; it starts with more than a dozen DAPP that is about to go online.These applications are developed for advanced financing platforms and real -world assets.
5. As a user, how do you benefit from the launch of INK?
Ink will provide developers with an environment with tools, technical support and financing opportunities.It will enable users to integrate their blockchain projects with INK.By using aggregation, automation and abstract technology, Ink helps developers create user -centric experiences.
As an end user, if INK’s tokens are released, you can prepare for possible airdrops in the future.
With the help of INK, developers can create applications to help users access opportunities on the chain.They can enter other ecosystems that focus on the builders of DEFI, where they can use community and combined characteristics to turn their Defi ideas into reality.
If you are a developer, you can apply for the Ink Apprentice Dev by showing your experience.This can be completed by verifying whether you have deployed smart contracts in the following blockchain to complete: Ethereum, Optimism, Base, Arbitrum, Polygon or BNB CHAIN.
Alternatively, you can qualify by having a GitHub account for at least one year.
