Eclipse: An innovative Layer 2 solution that integrates the high performance of Solana with the security of ETH.

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Eclipse: A Layer2 solution that integrates Solana's high performance with Ethereum's security.

Eclipse is an innovative Ethereum Layer 2 solution that stands out by using the Solana virtual machine (SVM) as its execution environment. This design allows Eclipse to combine Solana's high performance with Ethereum's security, providing users with an efficient and reliable blockchain experience.

Neel, the founder of Eclipse, worked in the traditional finance industry before entering the cryptocurrency space. He initially developed within the Cosmos ecosystem but later developed a strong interest in Roll-Ups. Neel believes that Roll-Ups have lower operating costs and less token inflation compared to Layer 1, which prompted him to establish the Eclipse project in September 2022.

From a user experience perspective, Eclipse is very similar to Solana. It features short block generation times, low latency, and high throughput, while not experiencing severe congestion on-chain. From a technical perspective, Eclipse operates as a Roll Up system, ensuring the correctness of on-chain execution through a proof mechanism, rather than relying on a committee or a large number of validators to vote and sign off on each state change like Layer 1.

In terms of proof types, Eclipse adopts the fraud proof mechanism of Optimistic Rollup. However, unlike Optimism and Arbitrum, Eclipse does not use interactive error proofs but utilizes RISC Zero for zero-knowledge fraud proofs. Regarding data availability (DA), considering the high transaction fees on Ethereum, Eclipse has chosen Celestia as its DA layer.

The Eclipse team once considered building a Rollup as a Service ( RaaS ) model, but ultimately abandoned the idea. They believe that in order for RaaS to achieve the profitability of Software as a Service ( SaaS ), it would require running around 1,000 Rollups and charging each customer $100,000 per year. This is not only extremely challenging in practical operations but could also lead to a severe decentralization and complication of user experience.

Compared to Solana, Eclipse is more likely to attract members of the Ethereum community. Neel believes that Ethereum's advantages in economics and theoretical computer science can help address the junk transaction issues caused by low fees that Solana faces. In addition, as a Layer 2 solution for Ethereum, Eclipse has a lower migration barrier for users, making it more attractive than creating an entirely new SVM Layer 1.

In terms of business model, Eclipse plans to generate profits through sequencer revenue. With Arbitrum's annual income exceeding 100 million USD, this is considered a reasonable way for Eclipse to obtain cash flow.

For developers, if they have already written a Solana smart contract, it can almost be deployed directly to Eclipse. For developers with only EVM contracts, they need to rewrite it in Rust. Eclipse has also partnered with Neon to provide a solution for converting EVM contracts to SVM contracts.

Eclipse currently has 15 different decentralized applications ( Dapp ) deployed on its platform, covering various fields such as consumer goods, game incubation, NFT market, and launchpads. The project's Chief Business Officer, Vijay, has held important positions at dydx and Uniswap, with extensive business experience.

Looking ahead, Eclipse plans to launch its developer mainnet early next year. If all goes well, Eclipse will be open to the public after the first batch of applications is deployed. This innovative Layer 2 solution is expected to bring new vitality to the Ethereum ecosystem, providing users with a faster and more economical blockchain experience.

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ShibaMillionairen'tvip
· 07-06 06:26
Buy SOL early and ETH late, mistakes...
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ZenMinervip
· 07-05 22:47
You need money to talk about ideals.
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BankruptWorkervip
· 07-05 22:45
To be honest, I only trust Sol for security.
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ForkThisDAOvip
· 07-05 22:44
Why is Solana still trying to ride on ETH?
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SleepyArbCatvip
· 07-05 22:40
The gas fees aren't going down... mm mm
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CryptoFortuneTellervip
· 07-05 22:38
Another layer, let's talk after we understand it.
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DeFiCaffeinatorvip
· 07-05 22:30
Be careful of a collapse when going long on L2.
View OriginalReply0
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