Dymension-Modular blockchain with Rollups – TOKENPOST

Dymension-Modular blockchain with Rollups – TOKENPOST

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Wed, 07 Feb 2024, 09:56 am UTC

Dymension is a home for easily deployable and lightning-fast fast app-chains, called RollApps.

dYmension follows a modular blockchain architecture design that decouples different functions of a ‘Monolithic’ blockchain for greater performance, efficiency, and scalability.

RollApp Architecture

A RollApp instance on dYmension is an application-specific rollup, built using the dYmension RollApp Development Kit, termed RDK. The RDK simplifies deploying a RollApp on top of dYmension’s settlement layer.

RollApps are similar to Cosmos App-Chains but outsource the overhead of reaching consensus to the Dymension Hub. It is composed of two core services, client and server. The server is the application side designated for the RollApp deployed to implement custom business logic alongside the pre-packaged modules that construct the RollApp Development Kit.

Sequencers are the RollApp operators that validate, order, and process transactions. After submitting and processing a transaction, the Sequencer responds with an immediate state update.

Dymint– Responsible for block production, peer message propagation, and inter-layer communication.

Dymension Hub- It is the settlement layer that solves Dispute resolution, maintains state roots, and bridges between environments.

IBC

RollApps natively interact with the Inter-Blockchain Communication (IBC) protocol which provides safe message transferring between Dymension RollApps.

Features

Average latency- 0.20 seconds

Transactions per second 20000

DYMUSD surged more than 50% with the Mainnet launch and airdrop. It hit a high of $25 and is currently trading around $5.10.

The bullish invalidation can happen if the pair closes below $3. On the lower side, the near-term support is $4.50. Any break below target $3. Any breach below $3 targets $2.

The immediate resistance stands at around $6.50. Any breach above confirms bullish continuation. A jump to $8/$10 is possible. A surge past $10 will take it to $15/$25.

It is good to buy on dips around $3.50 with SL around $2 for TP of $8/$10.

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