On-chain smart contract automation is being touted as a solution to decentralize applications and remove dependencies on centralized servers or external entities, according to Pavel Salas, chief growth officer at Gear Foundation. Salas argues that on-chain smart contract automation can help decentralized applications (dapps) maintain data integrity without relying on external databases. He also does not see Webassembly (WASM) as a direct replacement for Ethereum Virtual Machine (EVM), but rather as a tool that can expand the capabilities of smart contract Development in the broader Web3 landscape.
Factors Inhibiting Developers in the Blockchain Industry
Salas highlights scalability as a major hurdle in the blockchain industry, particularly for developers in decentralized finance (defi) and Gamefi (the intersection of finance and gaming). Blockchain networks often struggle with scalability bottlenecks, resulting in congestion during peak usage times, higher fees, and slower transaction processing. This poses a barrier for developers aiming to create Web2-like user experiences. Additionally, the lack of interoperability between different blockchain networks hampers developers’ ability to create interconnected experiences. The complexities of the blockchain, such as private key management, transaction confirmations, and wallet integrations, also contribute to a steep learning curve for users. Smart contracts, while foundational to defi and Gamefi, have limitations such as execution times and resource-intensive operations that hinder the creation of complex and dynamic applications. Lastly, there is a need for educating users about the benefits and usage of decentralized platforms to bridge the educational gap and improve user onboarding and retention.
The Gear Protocol and Simplified Blockchain Development
The Gear Protocol, on which Vara Network is based, aims to simplify blockchain development by introducing technical features such as the Actor Model, Persistent Memory, and WASM. The Actor Model is a paradigm that conceptualizes data and processes as “actors” that interact through asynchronous message passing, enhancing security and reducing complexities in data handling. This concurrency capability is particularly beneficial for gaming applications. Persistent Memory eliminates shared storage in programs and stores the entire state in individual memory space, simplifying development by removing complexities associated with shared storage. WASM, a virtual machine (VM), allows developers to write and compile code in familiar languages, lowering the barrier to entry for Web2 developers to transition to blockchain development and explore experimental use cases.
On-Chain Smart Contract Automation for Truly Decentralized Dapps
Salas emphasizes that many applications claiming to be decentralized still rely on off-chain processing or third-party intermediaries, compromising the core tenets of blockchain technology. On-chain smart contract automation aims to rectify this centralization paradox by executing functions directly on the blockchain without relying on external systems. This autonomy ensures that critical functions of a dapp occur within the decentralized realm, fostering a truly decentralized environment. On-chain automation extends beyond transactions to include data handling, maintaining data integrity without reliance on external databases. Smart contracts deployed on the blockchain are immutable, guaranteeing consistency and transparency.
Webassembly and EVM Integration in the Web3 Landscape
WASM is not a direct replacement for EVM, but ongoing efforts to integrate the two highlight the potential of WASM to expand the capabilities of smart contract development in the broader Web3 landscape. WASM’s interoperability and ability to run in a secure and isolated execution environment make it versatile for different use cases. While EVM primarily supports smart contracts written in Solidity, which has a learning curve, WASM allows developers to write and compile code in familiar languages, easing the transition from traditional languages to blockchain development.
Challenges in Web3-Native Games
Web3-native games leverage blockchain technology to introduce true ownership of in-game assets, interoperability across games, and novel economic models. Although the industry is maturing, the lack of successful Web3-native games may be attributed to factors such as technical complexities, user adoption challenges, and the need for innovative game designs that fully leverage the benefits of blockchain technology.
In conclusion, on-chain smart contract automation shows promise in decentralizing applications and maintaining data integrity. WASM has the potential to expand smart contract development capabilities in the Web3 landscape. However, the blockchain industry still faces challenges related to scalability, interoperability, complexity, user education, and game design in the context of Web3-native games..
#Smart #Contract #Automation #Helps #Dapps #Maintain #Data #Integrity #Relying #External #Databases #Pavel #Salas
Factors Inhibiting Developers in the Blockchain Industry
Salas highlights scalability as a major hurdle in the blockchain industry, particularly for developers in decentralized finance (defi) and Gamefi (the intersection of finance and gaming). Blockchain networks often struggle with scalability bottlenecks, resulting in congestion during peak usage times, higher fees, and slower transaction processing. This poses a barrier for developers aiming to create Web2-like user experiences. Additionally, the lack of interoperability between different blockchain networks hampers developers’ ability to create interconnected experiences. The complexities of the blockchain, such as private key management, transaction confirmations, and wallet integrations, also contribute to a steep learning curve for users. Smart contracts, while foundational to defi and Gamefi, have limitations such as execution times and resource-intensive operations that hinder the creation of complex and dynamic applications. Lastly, there is a need for educating users about the benefits and usage of decentralized platforms to bridge the educational gap and improve user onboarding and retention.
The Gear Protocol and Simplified Blockchain Development
The Gear Protocol, on which Vara Network is based, aims to simplify blockchain development by introducing technical features such as the Actor Model, Persistent Memory, and WASM. The Actor Model is a paradigm that conceptualizes data and processes as “actors” that interact through asynchronous message passing, enhancing security and reducing complexities in data handling. This concurrency capability is particularly beneficial for gaming applications. Persistent Memory eliminates shared storage in programs and stores the entire state in individual memory space, simplifying development by removing complexities associated with shared storage. WASM, a virtual machine (VM), allows developers to write and compile code in familiar languages, lowering the barrier to entry for Web2 developers to transition to blockchain development and explore experimental use cases.
On-Chain Smart Contract Automation for Truly Decentralized Dapps
Salas emphasizes that many applications claiming to be decentralized still rely on off-chain processing or third-party intermediaries, compromising the core tenets of blockchain technology. On-chain smart contract automation aims to rectify this centralization paradox by executing functions directly on the blockchain without relying on external systems. This autonomy ensures that critical functions of a dapp occur within the decentralized realm, fostering a truly decentralized environment. On-chain automation extends beyond transactions to include data handling, maintaining data integrity without reliance on external databases. Smart contracts deployed on the blockchain are immutable, guaranteeing consistency and transparency.
Webassembly and EVM Integration in the Web3 Landscape
WASM is not a direct replacement for EVM, but ongoing efforts to integrate the two highlight the potential of WASM to expand the capabilities of smart contract development in the broader Web3 landscape. WASM’s interoperability and ability to run in a secure and isolated execution environment make it versatile for different use cases. While EVM primarily supports smart contracts written in Solidity, which has a learning curve, WASM allows developers to write and compile code in familiar languages, easing the transition from traditional languages to blockchain development.
Challenges in Web3-Native Games
Web3-native games leverage blockchain technology to introduce true ownership of in-game assets, interoperability across games, and novel economic models. Although the industry is maturing, the lack of successful Web3-native games may be attributed to factors such as technical complexities, user adoption challenges, and the need for innovative game designs that fully leverage the benefits of blockchain technology.
In conclusion, on-chain smart contract automation shows promise in decentralizing applications and maintaining data integrity. WASM has the potential to expand smart contract development capabilities in the Web3 landscape. However, the blockchain industry still faces challenges related to scalability, interoperability, complexity, user education, and game design in the context of Web3-native games..
#Smart #Contract #Automation #Helps #Dapps #Maintain #Data #Integrity #Relying #External #Databases #Pavel #Salas