First of all, for a long time, blockchain developers have struggled with the problem of optimization. Numerous architectures have been tried to connect all users to a single circuit or a networked collection of closely related circuits. This strategy proved limited and challenging when the system was scaled up to a large number of users.
The use of sharding and layer 2 solutions has helped advance the response to this problem. The idea that a blockchain doesn’t have to do everything on its own was born from the idea of splitting the blockchain into separate components. We will talk about modular blockchains in this article in addition to the general information. What is more interesting is that it is essential to take into account the three key characteristics of each blockchain to understand the distinctiveness of the new technology:
- Consensus
- Performance
- data accessibility
All operations on a traditional monolithic blockchain are simultaneous. In these networks, the same platform handles the four fundamental tasks of processing transactions, computing them, organizing your order, and making your data accessible. Also, your ability to multitask in this way is restricted.
Blockchain is modular if it focuses on only a few specific tasks. They use the modular design approach, which is the idea of breaking anything down into smaller pieces. As with LEGO bricks, the components can be built individually and integrated with each other.
The functions of a modular blockchain can be broken down into multiple levels to produce a more efficient, scalable, and secure system. In addition, Celestia was the first venture in this sector. The developers decided to prioritize agreement and data accessibility. Rollups included in Celestia perform transactions. Rollups allow you to transact on this system. The data is transferred to the Ethereum network only after that.
Advantages of Modular Blockchains
Scaling is made possible by partitioning across multiple levels, preserving security and decentralization. Since modular blockchains are not required to perform all functions, new ones can simply “outsource” their services to existing modular blockchains. This makes it possible to launch quickly, reducing implementation time and expense.
Similar to L1, the new modular could have sovereignty. This will allow you to respond to attacks and make updates without requiring consent from other levels. Now there are only two major projects working on modular blockchain development.
The development of this technology is quite fast. New offers and varieties appear in the market. Modular blockchain is one of these developments. It is cutting-edge technology that changes the way people make them. Projects can operate more effectively with the help of this novel idea. Finally, the technology solves the problem of scalability and gives developers many new possibilities.
