Delta: why Variant interprets why it led its $ 11 million seed round financing

Press: On October 9, 2024, Delta Network announced the completion of 11 million US dollars seeds investment, Variant, DBA led investment, Figment, Castle Island, Delphi, etc. to participate.

According to Delta official information, Delta Network is a network of networks that shared global states and customized areas.It solves the sovereignty and interoperability of the application through ZK settlement.

So what exactly is Delta Network?Why do encryption VCs rush to Delta Network?Please see below.

What is Delta Network

Source: Delta Team,Compilation: Bitchain Vision Realm

Today’s developers must make a choice: they can build it under the constraints of the uniform blockchain, or they can build their ideal products as the application chain, but facing the challenges of transforming and mutual operationality and guiding their own ecosystemsEssence

Developers should not be forced to make this choice.If we can redesign the blockchain with all the knowledge mastered today, we think they look like Delta.

What is DELTA?

Delta believes that developers should have the greatest local control without sacrificing global connectivity.

Delta is a network composed of the autonomous execution environment. These environments are connected to the basic layers of decentralization and anti -review.Delta is separated from (1) to separate (2) data availability and settlement.(1) It occurs on the domain (similar to Rollup/executing shards), (2) provided by the authentication network of the operation base layer.The sum of these components constitutes a unified global state machine.

Although the global state is shared, the domain will fully control its block spaceEssenceThe domain can be a computing platform specific or universal; they can use any existing virtual machine or develop their own custom procedures; their operating models can be decentralized, centralized, and even licensed.EssenceAny application, enterprise or service provider can set its own domain without license.Their users can subscribe to any token payment fee through the chain, or do not pay the fee at all.

Users have the ability to resist review from the basic layer.They decided to use assets and maintain their ability to keep — their funds are safe, and they have the right to withdraw from the domain without permission.Assets exist on the basic layer, so it is not required to be implemented separately in each domain.

The basic layer promotes native interoperability between domains.For users, Delta provides an instant, almost free and no bridge. It can move the assets between domains.

The key to achieving these attributes is zero -knowledge settlement.Similar to Rollup, the domain can adopt various forms, but they are settled to the same basic layer.Unlike ROLLUP, they can achieve settlement by verifying zero -knowledge proof directly integrated into the basic layer.This “built -in” zero -knowledge settlement method has reached the unprecedented level of global interoperability between local networks.Domain can interact with each other, or even atomic interaction, without the need to coordinate global coordination like blockchain.

Delta’s status model supports a leader -free consensus agreement, and its performance is much higher than any blockchain.The domain isolation in Delta has the ability to change the global state according to expenditure.Due to this limit, the transaction does not need to be fully sorted on the foundation layer.If there is no sorting, the domain can use the smallest Byzantine Reliable Broadcast (BRB) protocol to continuously flow out its state change.In addition to reducing the communication overhead of each transaction, Delta’s non -leadership and disorderly consensus are more powerful and scalability than the full sorting consensus implemented by all blockchain so far.Different from these systems, Delta only needs to add more machines to linearly expand throughput.

The biggest problem of solving cryptocurrencies

We believe that in such a world, the platform and applications have the same options as Web2, and can be combined as smart contracts on the same blockchain.Unfortunately, there is no suitable formal factors for the application chain and rollup.They need complex interoperability solutions to “bond” independent blockchain.The disadvantages of this method far exceed the benefits of sovereignty.

For example, consider the challenges facing new chain stores in guiding users.

All chain applications should provide seamless experience for new users to deposit assets such as stable currency.Today, the new chain chosen to promote this experience has brought a major challenge:

1. Make stable currency issuers are not easy in terms of cost and processes on your chain.This option is only applicable to the most powerful and most resources of the capital.

2. It is required that users have good security from the rollup settlement layer. However, for any users who have a stable coin on the settlement layer of Rollup, huge friction will be produced.

3. Appchains and Rollup can cooperate with the third -party bridge, but there are major disadvantages of this method.Only one provider may have unbearable security risks, but the use of multiple providers will cause a bad user experience, because users must consider multiple versions of the same basic assets.

Because it is an integrated system, Delta solves the most important challenge related to starting Appchain or Rollup:

distribution

  • In the integrated chain, attracting users and liquidity is the common righteousness of chain and its applications.In the application chain, the builder can only rely on their own strength -users and assets cannot be shared.

  • On Delta, assets and users shared global -once they are added to Delta, they can be accessed by all domains built on Delta.At the same time, domain retains maximum control to have and optimize its user experience.

Interoperability

  • Users hope to interact with multiple applications at the same time without any friction.In order to promote this experience, the application chain must re -introduce intermediary services (third -party infrastructure and liquidity providers) to abstract a lot of complexity.The blockchain aims to eliminate these intermediaries, but each layer of abstraction will make us farther and farther from the original value proposition.

  • On Delta, because the state is shared global, the domain no longer needs to be connected to the other domain.Users can move from one domain to another, without any friction caused by intermediary or route complexity.

Enter the barrier

  • Compared with the deployment of a set of smart contracts on the integrated chain, it is necessary to build and maintain the application chain or rollup more costs and resources.

  • On Delta, domain can be lighter than other forms of application chains and ROLLUP.Different from the summary, the domain does not need to prove the complete execution path and/or the long -term withdrawal period related to the dispute period related to the dispute period.Unlike the independent application chain, the domain does not need to guide the authentication set.

Back to the stable coins mentioned above, the challenges of the domain building on Delta do not exist for the domain builders on Delta.On Delta, stable coin issuers only need to deploy once, and all domains can access their holders and liquidity equally without having to sacrifice control and reasonable interoperability.

Delta’s vision

Delta will increase the vision of application chain and horizontal expansion more widely.But Delta not only solved the problem of existing methods, but also created unprecedented new design space.

Delta provides two unprepared rights for its users -self -storage rights and no need to withdraw exit.With these guarantees, Delta can restore a series of trust models safely at the execution layer.For the first time, the blockchain can provide licenses, while still ensuring that the user’s funds are completely safe and can be taken out at any time.This allows enterprises, games and even government blockchain categories to exist on public networks with blockchain without trust and decentralization, and the interoperability between them has reached unprecedented levels.

Variant: Why do we led Delta 11 million US dollars seeds investment

Author: jessewldn.eth, co -founder of Variant Fund; Cooper, Alana Levin, Variant Fund partner; compile

On October 9, 2024, Variant was glad to announce that with DBA, DELTA’s 11 million US dollars seeds investing.

In the past ten years, the blockchain industry has been constantly arguing that the correct structure weighing plan -on the X (former Twitter), in the research forum, and the actual implementation of the billions of dollars in the billions of dollars.We have seen a large number of networks exploring this new paradigm, which aims to occupy a unique position in the competitive pattern.

Now it is more clear than ever in the past that the L1 blockchain, as a single execution environment, will not be able to expand to the inevitable chain future of billions of active users.Ethereum officially acknowledged this for the first time in 2020. At that time, Vitalik released the “ROLLUP -centered Roadmap”.Ethereum did not expand the L1 network horizontally through sharding or improved hardware requirements, but embarked on the path of vertical expansion.Solana has similar architecture characteristics to position their versions of Rollup and vertical extension roadmap as “network expansion”.There is even a meaningful momentum that in the context of people’s understanding of OP_CAT and Taproot Wizards, a similar system is built on Bitcoin.

These trends are obvious and common.At present, the current situation of billions of dollars of infrastructure projects is that they must quickly adapt to supporting the next generation of applications and users -handle a large number of technical debt, and the difficult reality that must first ensure the backwardness.In the end, this has led to poor design solutions. It seems that these solutions may be more like Rubu Goldburg Machinery (an excessive complicated mechanical device), not the future of finance.

But the research and efforts of the past ten years have proven to be effective.We now understand how to expand the blockchain network vertically through ZK cryptography and simply verify the calculation without re -execution of them.We have many virtual machines and execution environments to provide different functions beyond the Ethereum virtual machine.By combining these insights, without the burden of technical debt or the restrictions of backwardness, we can create a new foundation for future applications.

Delta Introduction

Delta is a novel network network that achieves a balance between interoperability, customization and sovereignty -from the beginning, how to use the research of the blockchain in the past ten years and the latest zero -knowledge cryptography.There is a clear point of view of vertical extension.

Delta draws the best feature of integrated architecture like Solana and combines them with the expression of the more modular ecosystem.Developers of various skills levels can use “domains” specific to applications, and these domains can run any type of custom logic in any programming environment.These domains can be as simple as the cloud function that runs in the hosting environment, or it can be a rollup that does not need to be permitted at all, or in any form between the two.As long as a domain complies with a set of minimum global definition rules -such as a specific proof that provides a valid signature of transactions and meets account expenditure permissions -it can use this infrastructure, shared accounts and assets, and operate with other domains to operate in other domainsEssenceFundamentally, the sharing status and the improved interoperability solve the problem that affects the infrastructure that hopes to launch its own application but has not yet adopted, distributed, or well -known to attract the cold start of the initial user base.EssenceThis solves one of the main friction points (fragmented) of the modular ecosystem, while allowing the scale and seamless user experience of the integrated solution.

We believe that Delta will provide motivation for the next generation of infrastructure that is specific to the application and start a new era of innovation.The network’s implementation of CRDT-based state models and “Order-Less” consensus protocols allow unique performance optimization that has not yet appeared in the weighing space.The team’s combination of technology and business is just right. It can push this vision to the market, consisting of computer scientists, protocol engineers, and former research directors of major digital asset institutions.RIA, EIGEN Foundation consultant and Reverievc partner, Myles, etc.

We are glad to support OLE, RIA, Myles and a wider team in this journey.

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