Dymension Network Deploys IBC Supported Rollup on 35-C Test Network

On April 30th, it was announced that the Dymension Network, which aims to facilitate the deployment of modular Rollup networks, is deploying IBC supported Rollup on the 35-C test network. Developers can use the Rollup development kit compatible with EVM provided by Dymension Network to develop applications. The modular blockchain EVM RollApp will use EVMOS as the Gas token.

Dymension Network Deploys Rollup Supporting IBC on Test Network

The Dymension Network has announced the deployment of IBC supported Rollup on the 35-C test network. The network aims to facilitate the deployment of modular Rollup networks, allowing for efficient and cost-effective transactions. Developers can use the Rollup development kit compatible with EVM provided by Dymension Network to develop applications, ensuring interoperability across the ecosystem. The modular blockchain EVM RollApp will utilize EVMOS as the gas token.

What is the Dymension Network?

The Dymension Network is a blockchain-based ecosystem that aims to provide infrastructure for the deployment of modular Rollup networks. The network allows for efficient and cost-effective transactions, utilizing Layer-2 scalability solutions to enhance the transaction experience. Dymension Network provides a Rollup development kit compatible with EVM, enabling developers to create applications that are interoperable across the ecosystem.

What is Rollup?

Rollup is a Layer-2 scaling solution for blockchain networks that batch transactions into a single state transition. It facilitates efficient and cost-effective transactions, allowing for faster and cheaper operations on the blockchain. Rollup networks have the potential to significantly increase the throughput of blockchain networks while reducing the cost of participating in transactions.

What is IBC?

IBC stands for Inter-Blockchain Communication, which enables the transfer of assets between different blockchains. IBC supports interoperability, allowing different chains to interact with each other, facilitating the creation of robust decentralized applications (dApps).

What is the 35-C Test Network?

The 35-C Test Network is a testnet running on the Dymension Network infrastructure, designed to test various features and functionalities in a sandbox environment. The test network enables developers to test and optimize their applications before deploying them on the mainnet.

Use Cases for Dymension Network

The Dymension Network has various use cases for developers and businesses to create decentralized applications (dApps) that are cost-effective and efficient to run. These include:
– Payment Solutions: The network enables developers to build payment solutions that are efficient and cost-effective.
– DEX Aggregation: The Dymension Network allows developers to create decentralized exchange (DEX) aggregators capable of interacting with various DEXs across the ecosystem.
– Gaming: Developers can create blockchain-based games that are cheaper and more efficient to run using the Dymension Network infrastructure.
– NFT Marketplaces: The network enables the creation of NFT marketplaces that can function seamlessly across various blockchain networks.

Conclusion

Deploying IBC supported Rollup on the 35-C test network by the Dymension Network is a significant breakthrough in enhancing the blockchain ecosystem’s interoperability. The infrastructure provided by Dymension Network enables developers to create applications that are efficient and cost-effective to run across the ecosystem. The modular blockchain EVM RollApp will use EVMOS as the gas token, further increasing efficiency and reducing costs.

FAQs

What is Rollup, and how does it work?

Rollup is a Layer-2 scaling solution for blockchain networks that batches transactions into a single state transition. It allows for efficient and cost-effective transactions, enabling faster and cheaper transactions on the blockchain.

What is IBC, and why is it important?

IBC stands for Inter-Blockchain Communication, which enables the transfer of assets between different blockchains. It supports interoperability, allowing different chains to interact with each other, facilitating the creation of robust decentralized applications.

How does the Dymension Network facilitate efficient transactions?

The Dymension Network utilizes Layer-2 scalability solutions to enhance the transaction experience, allowing for efficient and cost-effective transactions across the ecosystem of blockchain networks. Its Rollup development kit compatible with EVM ensures developers create applications that are interoperable across the ecosystem.