Limited scalability and transaction costs are some of the critical issues that hamper a wider adoption of distributed ledger technologies (DLTs). That is particularly true for the Ethereum [Wood, 2014] blockchain, which, so far, has been the ecosystem with the highest adoption rate. Several solutions have been attempted in the last few years, most of which adopt the approach to offload transactions from the blockchain mainnet, a.k.a. Level 1 (L1), to a separate network. Such solutions are collectively known as Level 2 (L2) systems. While improving scalability, the adoption of L2 introduces additional drawbacks: users have to trust that the L2 system has correctly performed transactions or, conversely, high computational power is required to prove transactions’ correctness. In addition, significant technical knowledge is needed to set up and manage such an L2 system. To tackle such limitations, we propose 1DLT: a novel system that enables rapid deployment of an Ethereum Virtual Machine based (EVM-based) blockchain that overcomes those drawbacks.

1DLT: Rapid Deployment of Secure and Efficient EVM-Based Blockchains

Simone Bottoni
;
Roberto Ripamonti;Christian Rondanini;Gokhan Sagirlar;Alberto Trombetta
2023-01-01

Abstract

Limited scalability and transaction costs are some of the critical issues that hamper a wider adoption of distributed ledger technologies (DLTs). That is particularly true for the Ethereum [Wood, 2014] blockchain, which, so far, has been the ecosystem with the highest adoption rate. Several solutions have been attempted in the last few years, most of which adopt the approach to offload transactions from the blockchain mainnet, a.k.a. Level 1 (L1), to a separate network. Such solutions are collectively known as Level 2 (L2) systems. While improving scalability, the adoption of L2 introduces additional drawbacks: users have to trust that the L2 system has correctly performed transactions or, conversely, high computational power is required to prove transactions’ correctness. In addition, significant technical knowledge is needed to set up and manage such an L2 system. To tackle such limitations, we propose 1DLT: a novel system that enables rapid deployment of an Ethereum Virtual Machine based (EVM-based) blockchain that overcomes those drawbacks.
2023
Amoussou-Guenou, Yackolley and Kiayias, Aggelos and Verdier, Marianne
4th International Conference on Blockchain Economics, Security and Protocols (Tokenomics 2022)
978-3-95977-274-7
Tokenomics 2022
Paris, France
December 12-13, 2022
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11383/2174177
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