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Dymension (DYM): Revolutionizing Decentralization with RollApps

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2024-02-07
Dymension (DYM): Revolutionizing Decentralization with RollApps

What is Dymension (DYM)?

Dymension (DYM) is a Delegated Proof-of-Stake Layer-1 that can be likened to a hub and factory for a special type of decentralized applications termed RollApps. These RollApps are specialized decentralized applications built on Dymension's platform, each with an application-specific blockchain without the consensus overhead. This design makes RollApps on Dymension easy to deploy and fast to run. With RollApps and the multi-layered structure, Dymension aims to reduce resource consumption, enabling scalability, security, interoperability, and liquidity without the constraints of traditional blockchain bandwidth limitations.

How Dymension (DYM) Works

Dymension works as a hub and factory for RollApps, providing developers with the tools and infrastructure needed to bring their ideas to life in the decentralized world.

Rollup Factory - RollApp Development Kit (RDK)

Dymension's Rollup Factory is akin to a workshop equipped with the necessary tools for building RollApps. Developers can use the RDK, which offers a set of pre-packaged modules for common features like account creation and token management, to build and deploy RollApps in a simplified and straightforward process.

Dymension Settlement Layer - Dymension Hub

The Settlement Layer, also called the Dymension Hub, is specifically tailored to cater to the needs of RollApps. When RollApp Sequencers (those responsible for suggesting changes to the blockchain) send updates to the Dymension Hub, the Hub initially assumes these updates are valid and doesn't question them immediately. However, if it later discovers that an update was incorrect or fraudulent, it can undo any changes made based on that update. Updating the current state of the blockchain in this way allows for lighter devices like smartphones to connect to the blockchain more easily. It also enables different blockchains to communicate with each other more easily.

Inter-Rollup Communication (IRC)

Facilitating communication among RollApps is the Inter-Rollup Communication (IRC) protocol. Built on the foundation of Inter-Blockchain Communication (IBC) of Cosmos SDK, IRC enables secure message transfer between different RollApps on the Dymension network. By using the Settlement Layer as a common communication ground, IRC ensures efficient and reliable communication channels for RollApps.

RollApp Virtual Machine (RVM)

To ensure the integrity and reliability of RollApp execution, Dymension introduces the RollApp Virtual Machine (RVM). This innovative mechanism simulates the execution environment of a RollApp within the Settlement Layer, providing deterministic outputs for transaction processing. By supporting various execution environments, the RVM enhances the versatility and adaptability of RollApps in Dymension.

Embedded Hub Automated Market Maker (AMM)

The Embedded Hub Automated Market Maker (AMM) is a layer that is integrated into the Settlement Layer, providing shared liquidity and security for RollApps. By facilitating efficient asset routing and price discovery, the Embedded Hub AMM serves as the backbone of Dymension's ecosystem, ensuring smooth and frictionless transactions for users.

DYM Goes Live on Bitget

Dymension is a thriving ecosystem built to power the Internet of RollApps. By trading DYM, the native token of Dymension, you're tapping into a network designed to revolutionize decentralized applications, which offers scalability, security, interoperability, and liquidity in one comprehensive package.

Now is the perfect time to explore the potential of DYM and the Dymension ecosystem. With Bitget as your trusted partner, you can trade DYM with confidence, knowing that you're backed by industry-leading security, user experience, and customer service.

How to Trade DYM on Bitget

Step 1: Go to DYMUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading.

Dymension represents a paradigm shift in the world of decentralized applications, offering developers a versatile platform to unleash their creativity and innovation. With its multi-layered blockchain protocol, robust tooling, and new approach to decentralized applications, Dymension promises to usher in a new era of decentralization and blockchain development.

Trade DYM on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.