Dymension is a promising platform utilizing modular architecture to support blockchains. This article explores the key aspects of this technology and the upcoming upgrades.
What is Dymension?
Dymension is a delegated Proof-of-Stake (PoS) L1 chain that secures modular blockchains within its system, known as RollApps.
RollApps can be compared to the front-end of an application, while Dymension serves as the server that runs it. Developers use the RollApp Development Kit (RDK) to create these specialized blockchains. Dymension went live in early February last year, launching its native token DYM with a total supply of 1 billion tokens.
Details on the Airdrop and Upgrades
The first airdrop on Genesis day distributed over $400 million in tokens to early adopters of the blockchain. Participation in the airdrop will be organized in "waves", with the first opportunity for registration reserved for long-time community members who have been staking the DYM token for an extended period.
The development team has stated that only a rudimentary version of the protocol was released on Genesis day; thus, users can now expect numerous improvements with the upcoming updates.
Prospects of the Beyond Upgrade
A core focus of the upcoming upgrade will be the capability to build rollups on top of existing L1 chains, without needing modifications to the underlying core protocols. The network’s block time will also be reduced, from approximately 5 seconds to 1, aligning it with major players like Solana.
Dymension, with its modular architecture, offers new opportunities for blockchains. With the upcoming Beyond upgrade and reduced block times, the platform promises to become a significant player in the cryptocurrency ecosystem.
