Toly, co-founder of the Solana blockchain platform, has introduced a new concept called 'Meta Blockchain', aimed at increasing interoperability and reducing costs between blockchain ecosystems.
Concept of Meta Blockchain
In Toly's proposal, Meta Blockchain is described as a mechanism for publishing data across multiple chains, including Ethereum, Celestia, and Solana, and then combining that data into a single, ordered sequence using a predefined set of rules.
Unified Data Layer
Meta Blockchain acts as a decentralized cross-chain journal by aggregating data sent to various chains and transferring it to a consistent ledger, creating a shared layer for sorting and validation. This could significantly reduce costs by allowing users and developers to leverage cheaper data availability solutions based on fluctuations in market conditions, which is a growing concern on networks like Ethereum due to variable gas fees.
Developer Reactions
The concept has garnered interest among Layer 1 and Layer 2 developers, particularly those working on modular blockchain architectures. Projects like Celestia, which specializes in data availability, and rollups reliant on Ethereum for settlement could benefit from integration into a unified framework that enhances scalability without sacrificing decentralization.
Toly's proposed 'Meta Blockchain' concept has the potential to significantly impact the future of cross-chain interaction and reduce costs for developers and users, as evidenced by the growing interest in this topic.
