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Kriptoteka > Market > Gaming > Arcology Launches Ethereum’s First Parallel Execution Rollup
Gaming

Arcology Launches Ethereum’s First Parallel Execution Rollup

marcel.mihalic@gmail.com
Last updated: October 21, 2024 10:01 pm
By marcel.mihalic@gmail.com 6 Min Read
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Arcology Network is transforming Ethereum Layer 2 solutions by introducing the first-ever EVM-equivalent, multithreaded rollup that provides unmatched performance and efficiency for developers creating the future of decentralized applications.

Through an advanced parallel transaction execution system and optimized data storage, Arcology makes it feasible to develop complex, resource-demanding applications that were previously too intricate or expensive to run on-chain. Arcology serves as a blockchain designed for demanding applications. Key Features:

o EVM Equivalence
o Parallel Transaction Processing
o 1.5-Second Block Time
o 10,000 to 15,000 TPS
o 1.5 Billion Block Gas Limit
o Consistent Fees, Regardless of Load o MEV-Resistant by Design

The Challenge: Scaling Ethereum Rollups

As Ethereum moves toward a rollup-centered ecosystem, challenges in scalability remain. Existing Layer 2 (L2) rollups adopt Ethereum Layer 1’s single-threaded structure, which imposes strict limits on performance. As on-chain activity increases, congestion ensues, resulting in significant fee surges. In certain instances, transaction costs exceed the actual value of the transactions, making some applications impractical to use economically.

Ethereum is also contending with rising competition from high-efficiency Layer 1 blockchains like Solana, offering enhanced throughput and reduced fees, thereby attracting developers and users in search of more scalable and affordable alternatives to Ethereum L2s.

Arcology: Parallel L2 delivering High Throughput, Low Fees

Arcology confronts Ethereum’s scalability issues by implementing parallel execution within Layer 2, establishing a new benchmark for throughput and cost-effectiveness. When compared to current L2 frameworks like Optimism (OP) and Arbitrum, which still rely on Ethereum’s single-threaded architecture, Arcology’s multithreaded rollup ensures exceptional performance while sidestepping fee spikes.

By capitalizing on parallel transaction execution and optimized storage solutions, Arcology provides a stable, low-cost platform that accommodates sophisticated, resource-heavy applications, even during demanding workloads.

Comparisons: Arbitrum, Optimism, and Solana

Other L2 solutions, including Optimism and Arbitrum, adopt Ethereum’s single-threaded architecture, targeting a gas limit of 5 to 10 million, which results in only a few hundred TPS, thereby restricting scalability. In contrast, Arcology’s multithreaded design accommodates 10,000 to 15,000 TPS and features a 1.5 billion block gas limit, yielding considerably higher throughput without fee surges, even under heavy loads.

Although Solana demonstrates superior performance, it necessitates that developers leave the Ethereum ecosystem. In contrast, Arcology retains EVM equivalence, enabling developers to utilize familiar tools while enjoying the advantages of parallel execution and enhanced scalability.

Real-World Impact

Arcology paves the way for innovative applications across sectors such as gaming, finance, and decentralized social platforms, where swift, low-cost transactions are essential. This opens the door for developers to build decentralized applications that require significant computational resources without being hindered by exorbitant fees or sluggish execution times.

How does Arcology function?

The original Ethereum Virtual Machine (EVM) processes transactions sequentially. Arcology enhances this framework by facilitating parallel transaction processing while maintaining complete EVM equivalence.

Parallel execution greatly boosts performance but poses additional technical obstacles like ensuring data integrity when multiple transactions interact with the same data concurrently. Arcology tackles this with optimistic concurrency control, safeguarding data while maximizing throughput.

Nonetheless, optimistic concurrency control can be sensitive to transaction conflicts, potentially impacting throughput. To counteract this, Arcology provides a Solidity library that aids in minimizing contention within contract code, empowering developers to fully capitalize on parallel processing benefits.

Additionally, Arcology’s parallel execution system is not the only improvement. Ethereum’s original storage structure limits scalability, yet Arcology implements a parallel database to accommodate the heightened workload of parallel execution.

Ecosystem & Developers

Arcology’s mainnet is projected to launch by June 2025. The network encourages developers to explore its innovative features and participate in shaping the future of decentralized applications. Initial participants can look forward to being rewarded through forthcoming incentivization initiatives aimed at fostering the creation of high-performance, resource-intensive applications on the platform.

About Arcology Network

Established in 2020 in Calgary, Canada, Arcology Network harnesses the newest advancements in parallel computing and distributed systems to develop scalable, high-performance blockchains, allowing developers to craft the next generation of decentralized applications that demand high throughput and low costs.

Contact

[email protected]

Website and social media links

Website: https://arcology.network
Docs: https://doc.arcology.network/main/overview/quick-introduction 
X: https://x.com/arcologyn
Discord: https://discord.gg/semCbFGXBr
TG: https://t.me/+SB_TYbUo4RlkMDFh

Disclaimer: The content provided in this announcement does not constitute a solicitation for investment, nor is it intended as investment advice, financial counsel, or trading guidance. Cryptocurrency mining involves risks. There is a potential for financial loss. It is highly advised to conduct due diligence, including seeking counsel from a certified financial advisor, prior to investing in or trading cryptocurrency and securities. 

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