To bridge the gap with the defined roadmap, Ethereum is developing a new module called modular blockchain, which is a blockchain design approach in which different components of the system are split into independent Modules, each module performs a specific function. The charm of this design is that the optimization of each module can amplify the optimization of other modules. Regarding the emergence of this design, many people will be curious about the impact of modular blockchain on Ethereum? It allows Ethereum to strive to develop. According to data analysis, the main impact is improved scalability, improved security, etc. Next, the editor will talk about it in detail.
The impact of modular blockchain on Ethereum is mainly to improve scalability, modularize smart contracts, improve convenience, adapt to different consensus mechanisms, and enhance security.
The working principle of modular blockchain is based on the concept of modularity, which is to break down the system into different components that can be combined in various ways to achieve specific goals. The key to modularity is specialization, where each component is responsible for only a few specific tasks but must perform them well. Modular chains are an integral part of the overall blockchain modular stack and can be combined as needed to achieve different purposes. Modular blockchains act as pluggable modules that can be swapped or merged depending on specific use cases. In this way, modular blockchain provides a flexibility and scalability that enables more efficient deployment and use of blockchain technology in different application scenarios.
Modular blockchain supports transaction execution, enables smart contract deployment and interaction, ensures transaction data is available, keeps transaction content and sequence consistent, and provides a hierarchical structure to complete transactions, resolve disputes, verify proofs and different executions bridging between layers.
The modular blockchain takes the three components of the monolithic blockchain currently located on L1 and separates them. In this way, each component can be optimized, resulting in a better product. Modular PoS security can be achieved by redistributing validators across more shards so that more validators can be online and securely support more data, allowing for greater decentralization.
The advantage of modular design is that the optimization of each module can have an amplifying effect on other modules. By adopting the PoS algorithm to increase the decentralization of Ethereum and increasing the number of shards on Ethereum, the performance and scalability of the system can be further improved. As the number of shards on Ethereum L1 increases, the size of L2rollup will also increase several times. This larger scale L2rollup unlocks the potential for new economic activity and ultimately increases the overall efficiency of L1 rollup payments. In order to pay more collective fees to L1, validators are given more incentive to run and the size of the validator pool increases, allowing more shards to be created. Through such cyclic operations, the performance and scalability of the entire system will be continuously improved.
Modular blockchains focus on handling specific responsibilities, outsourcing other tasks to independent layers. It has functions such as consensus, execution, data availability and settlement.
Consensus is the protocol on the blockchain that verifies true and accurate data and determines how transactions are ordered and new blocks are added.
Execution is how nodes on the blockchain process transactions to transition the blockchain between states. Nodes participating in consensus must use their copy of the blockchain to execute transactions before validating blocks.
Blockchain enforces rules that require transaction data to be available. This means that block producers must publish the data for each block for network peers to download and store, and this data must be made available upon request.
Blockchain provides finality, guaranteeing that transactions committed to chain history are irreversible (or immutable). To do this, the blockchain must be convinced of the validity of the transaction. Therefore, the settlement function requires the chain to verify transactions, verify proofs and arbitrate disputes.
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