Dymension Network to Deploy 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

Blockchain technology has been touted as the future of finance and commerce due to its decentralization features, immutability, and enhanced security. However, the technology’s exponential growth has led to various bottlenecks that limit its scalability, transaction speed, and cost-effectiveness. To solve these challenges, various innovations have been developed, including the deployment of modular Rollup networks.
On April 30th, it was announced that the Dymension Network, a leading provider of modular solutions, is deploying IBC supported Rollup on the 35-C test network. The deployment aims to enhance the flexibility and scalability of the network, offering developers a platform to develop blockchain applications efficiently.

What is Dymension Network?

Dymension Network is a modular blockchain solution that uses Rollup technology to enhance the scalability and usability of the Ethereum Blockchain. The platform offers a comprehensive suite of tools that enables developers to create high-quality decentralized applications (dApps) quickly. The solution provides an alternative to Ethereum’s congestion by enabling the deployment of unique modules that enhance the network’s capabilities.

What is Rollup Technology?

Rollup technology is a Layer-2 solution that enhances the scalability of the Ethereum network. It provides a platform that enables the bundling of multiple transactions into a single Rollup block. The modular network’s block header is then posted on the Ethereum blockchain for verification.
Rollup technology enhances Ethereum’s scalability by bundling several transactions within a single block, reducing the throughput and cost of transactions. This feature enhances the scalability of the Ethereum blockchain and offers developers a platform to create complex decentralized applications that require more significant throughput.

IBC Supported Rollup on 35-C Test Network

Dymension Network has announced the deployment of IBC (Inter-Blockchain Communication) supported Rollup on the 35-C test network. IBC service enables the communication between various blockchains that enable the creation of complex decentralized applications that leverage multiple blockchains capabilities.
The IBC supported Rollup on the 35-C test network offers developers a platform to experiment and create decentralized applications that leverage the technology’s various features, including speed, enhanced scalability, and cost-effectiveness. The deployment of this solution offers a way for startups and established businesses to create blockchain solutions that can compete with centralized solutions.

Rollup Development Kit Compatible with EVM

Dymension Network offers a Rollup development kit compatible with Ethereum Virtual Machine (EVM) that enables the rapid development of blockchain applications. This solution targets developers who want to create decentralized applications using the EVM language.
The Rollup development kit compatible with EVM supports the creation of complex applications that leverage the various features of the EVM, including smart contracts and decentralized finance (DeFi) applications. The solution aims to reduce barriers to entry for developers and enable them to create high-quality blockchain applications quickly.

Modular Blockchain EVM RollApp

The modular blockchain EVM RollApp provided by Dymension Network offers developers a flexible and scalable platform to develop blockchain applications. The RollApp uses EVMOS as the Gas token, reducing the cost of transactions on the network.
The RollApp’s modular design enables developers to deploy unique modules that enhance the platform’s capabilities, including scalability, speed, and cost-effectiveness. The solution aims to provide an alternative to Ethereum’s congestion, enabling the creation of high-quality decentralized applications across various industries.

Conclusion

The deployment of IBC supported Rollup on the 35-C test network by Dymension Network offers a scalable, cost-effective, and flexible platform for developers to create blockchain applications. The platform leverages Rollup technology to enhance the scalability and throughput of the modular blockchain solution. Dymension Network’s Rollup development kit compatible with EVM, and Modular blockchain EVM RollApp aims to reduce barriers to entry for developers and build high-quality blockchain applications.

FAQs

What is Rollup technology?

Rollup technology is a Layer-2 solution that enhances the scalability of the Ethereum network. It enables the bundling of multiple transactions into a single Rollup block, reducing the cost and throughput of transactions.

What is IBC?

IBC stands for Inter-Blockchain Communication, and it enables the communication between various blockchain networks, enabling the creation of complex decentralized applications that leverage multiple blockchains’ capabilities.

What is the purpose of Dymension Network’s Rollup development kit compatible with EVM?

Dymension Network’s Rollup development kit compatible with EVM enables developers to create blockchain applications using the EVM language. The solution aims to reduce barriers to entry for developers and enable them to create high-quality blockchain applications quickly.