Pioneering the Future of Restaking: Unleashing Demand-Side Innovation Solutions Part 2
Navigating the Future: A New Era of Decentralized Applications
The previous post highlighted how the new restaking war has been mistakenly focused on driving up Total Value Locked (TVL) instead of realizing the original vision. Restaking is the means, but pooled security is the ultimate goal. To truly unlock the potential of restaking, we need a strategic shift from emphasizing TVLs at the supply side to leveraging pooled security to support a variety of Actively Validated Services (AVS) at the demand side.
As the blockchain ecosystem continues to evolve, the importance of robust, diverse, and scalable validation services cannot be overstated. The demand for decentralized applications that can handle a variety of tasks with high efficiency and security is growing rapidly. In this article, we will investigate the current AVSs on EigenLayer and explore the innovative decentralized applications that Verisense is poised to support. By comparing these landscapes, we’ll demonstrate how Verisense is setting a new standard in the industry.
AVSs on EigenLayer
After examining the current and several potential AVSs running on the EigenLayer, we can categorize them as follows:
1) Modular Utilities:
Services with a concentrated functionality offering as a separated chain
- Data Availability (DA): EigenDA, the first AVS natively built by EigenLayer, enables rollups with cost-efficient, hyperscale-throughput data availability.
- Oracles: (e.g., eOracle)
- Shared Sequencing: (e.g., Espresso, Radius)
- Interoperability: (e.g., Omni, Hyperlane)
- Security Monitoring: (e.g., Drosera)
- Proof Verification: (e.g., Aligned Layer)
- Smart Contract Policy Engines: (e.g., Aethos)
2) Crypto Coprocessors:
Services that provide verifiable off-chain computing capabilities to offload the on-chain computation cost, functioning as a chain:
- Lagrange ZK Prover Network: A decentralized network generating ZK proofs with liveness guarantees.
- Lagrange State Committees: A ZK light client protocol for optimistic rollups, combining EigenLayer’s restaked security with Lagrange’s ZK Coprocessor.
- Brevis: A ZK coprocessor that allows smart contracts to access historical on-chain data and run customizable, trust-free computations.
- Automata: Developing TEE Coprocessors for a Multi-Prover AVS on EigenLayer, enhancing security with a secondary TEE Prover.
- Arpa: An infrastructure for Randcast (DKG and Threshold-BLS based randomness service).
3) Web3 Verge Applications:
dApps, disregarding the nature as chain or not, onboards EigenLayer as a chain either by launching a chain on their own or using an op-based rollup chain via a solution partner
Via solution partner AltLayer
- Cyber MACH: A modular Layer 2 network utilizing EigenDA for social apps.
- DODOchain MACH: A cross-chain trading DEX on Ethereum-based rollups and BTC network
- Xterio MACH: A Web3 game developer and publisher
Via launching their own chains
- WitnessChain: A DePIN project using restaking for Proof of Diligence and ensuring rollup security, as well as Proof of Location.
- OpenLayer: A modular authentic data layer designed to modernize traditional data flows, offering solutions for both web2 and web3 companies.
- Opacity: A zkTLS-based AVS to trustlessly bridge web2 data to web3.
- Versatus: The Universal dApp Engine, a decentralized cloud.
To date, all projects need to bootstrap their network to become an Actively Validated Service (AVS). Booting up and maintaining a network is a significant cost for most startups. Additionally, many non-chain-based dApps are forced to adopt a chain structure just to onboard with EigenLayer, leading to high costs and compromises in performance and functionality. This is where Verisense steps in.
Characteristics of AVS on Verisense
In addition to supporting the typical AVSs summarized above running on EigenLayer, Verisense can accommodate a broader range of decentralized applications, including those with:
- Immediate and flexible query operation requirements
- High throughput traffic requirements
- Access to SQL databases
- CPU-intensive task execution
These requirements cannot be adequately addressed by existing general-purpose blockchain schemes. Therefore, we must introduce innovative solutions to meet these needs.
Verisense’s Validation as a Service (VaaS) and Monadring consensus protocol are the key innovations that empower users to achieve these objectives. By adopting VaaS and the Monadring consensus protocol, users can create new kinds of AVSs that were previously unimaginable.
AVS Cases on Verisense
Here are some potential Actively Validated Services (AVS) that could be built on Verisense:
AVS Case 1: FHE applications
Fully Homomorphic Encryption (FHE) applications are crucial for privacy, including privacy computation, privacy-preserving machine learning, and privacy-focused Large Language Model (LLM) inference on the cloud. These applications ensure that sensitive data remains secure and confidential even during processing. However, FHE applications face significant challenges, particularly in the complex, time-consuming, and error-prone process of building and sharing threshold keys.
Verisense addresses these challenges with its FHE threshold key-sharing AVS. This automated service simplifies the key-sharing process by managing the generation, distribution, and verification of threshold keys. It reduces human error and accelerates FHE application deployment. Additionally, Verisense’s integration offers enhanced scalability and reliability, making it easier for organizations to deploy FHE applications and promoting wider adoption and innovation in privacy-centric applications.
AVS Case 2: Farcaster-like social network
Farcaster is a decentralized social network protocol designed for open and interoperable social platforms. It connects social network clients (e.g., Warpcast) to serve end users.
Its architecture is like the following:
On Verisense, developers can streamline the architecture of Farcaster-like dApps.
Many Web3 social networks aimed at surpassing Web2 platforms like Twitter/X and Mastodon have struggled due to limitations in high-performance storage and query engines restricting them to small-scale verification.
Verisense offers new opportunities by integrating advanced storage solutions and powerful query engines, enabling these platforms to manage large datasets efficiently. This enhances scalability, performance, and user experience while ensuring security and privacy. Verisense’s robust infrastructure supports real-time updates and complex features, helping Web3 social networks compete with and potentially surpass traditional Web2 platforms, driving greater adoption and growth.
AVS Case 3: Notion-like knowledge network
Notion is a versatile productivity and collaboration tool that combines note-taking, task management, databases, and project planning into one platform. Such a comprehensive application demands high performance, rich datatype storage, and a powerful query engine.
Verisense enables the development of a decentralized version of Notion achieving high performance and data integrity comparable to its centralized counterpart while offering the benefits of decentralization.
Verisense’s VaaS provides the necessary infrastructure for such a system, delivering scalable and robust backend services for complex queries and data management. The Monadring consensus protocol ensures consistent and accurate data maintenance across the decentralized network, providing a reliable foundation for collaboration and productivity.
AVS Case 4: Dmail
Dmail, a decentralized mail protocol, offers a secure alternative to traditional SMTP-based email. Centralized email services, dominated by providers like Google and Microsoft, pose privacy risks due to access to vast amounts of personal data and vulnerabilities to government surveillance, data breaches, and censorship. They also suffer from downtime and service unavailability.
In contrast, Dmail distributes email servers across a network, reducing central points of failure and enhancing security and reliability. Verisense’s high-performance storage and efficient query engine support Dmail by ensuring fast, secure, and reliable email access. This infrastructure provides data redundancy, scalability, fault tolerance, and rapid retrieval, offering a seamless and trustworthy email solution.
AVS Case 5: Web2-like Decentralized Forum
A decentralized forum is an online discussion platform built on a decentralized network rather than a centralized server. Unlike traditional forums managed by a single entity, decentralized forums distribute data and control across multiple nodes.
Verisense enables the creation of decentralized forums with a robust, secure, and efficient infrastructure. Its distributed architecture ensures data redundancy and fault tolerance by spreading data across multiple nodes, preventing single points of failure. Scalability is achieved without compromising performance, and all data is encrypted to protect privacy and prevent unauthorized access.
Reliability is ensured through fault tolerance, allowing quick recovery from node failures. Effective load balancing maintains consistent performance. Verisense empowers users with greater control over their data, reducing censorship risks and fostering trust. Customizable features allow administrators and users to tailor the platform, promoting diverse interactions. Verisense provides a secure, scalable, and user-friendly foundation for decentralized forums.
Conclusion
In this article, we have summarized the current Actively Validated Services (AVS) on EigenLayer and identified a key limitation: the underlying design does not fully address the diverse needs of AVS. This has led to a lack of variety in the types of AVS available.
Looking forward, we anticipate a new wave of blockchain innovation driven by the emergence of novel AVS in the context of pooled security. Verisense is at the forefront of this shift, paving the way for more dynamic and versatile AVS solutions.
In our next article, we will delve into the details of the design and implementation of Verisense’s Monadring consensus protocol and Validation as a Service (VaaS). Stay tuned to explore how these innovations are set to transform the landscape of decentralized applications. Follow us on Twitter at @veri_sense and stay tuned for more updates!
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