Partnered With:

How will the application chain become the new air outlet

Read this article in 12 Minutes

An application chain is a separate blockchain designed specifically for a specific application (group)

Original title: "Interview with Octopus Network: Application Chain Will Become the New Wind Port"

Original source: Octopus Network

As blockchain technology continues to evolve and evolve, users and developers are bringing decentralized applications to the forefront of various industries. Token-based applications are moving into the mainstream, and further development and experimentation of the core infrastructure of the blockchain system is providing new insights into security, availability, and the nature of scaling.

Perhaps no one is better qualified to talk about the rise of app chains than Louis Liu, founder of Octopus.com, who has nearly 10 years of experience in the blockchain industry. His project just raised $3 million in funding and is now building the world's most affordable and scalable app chain NEAR.

In the last interview, Louis talked about the nature of App Link and the technical design of Octopus Network, and he had a lot of insights to offer as he explained the background behind App Link's development and why App Link is likely to be successful in the near future.

How does the application chain become the new air outlet?

Blockchain projects are riddled with complex terminology such as aggregator, mother chain, prophecy machine, etc. The application chain is similar in that it is complex, but relatively easy to understand. I explained this earlier:

"Application of chain is an independent, specifically for a certain (set) designed specific application block chain. And smart contracts is different, the former are often based on chain or private chain operation, and the application of chain allows developers to their applications for various customized transformation, such as governance framework, economic models, even at the bottom of the consensus algorithm."

Because we are moving from the existing Web2 paradigm to a new paradigm of Web3.0 innovation, understanding the value proposition behind the app chain requires understanding the importance of the user experience.

Louis Liu explains:

"Considering that Audius announced 4 million monthly active users a few days ago, I do think it's not too far away for Web3.0 to become mainstream. After all, Defi King Uniswap only has around 30,000 monthly active users. What makes Audius perform so well in the decentralized space? The answer is the user experience. Audius provides Web2.0 level UI/UX. In addition, platform participants can continue to enjoy the network effect growth and even investment reporting of the platform And the ultimate weapon of traditional mediation. However, only the former ready, namely to provide excellent services and experience to attract mainstream users, which can work. If you can't provide a good user experience, platform will never be able to achieve more durable and more grandiose started to threshold needed for the network effect."

So the first step in figuring this out is to accept that Web3.0 is valuable because it provides a way for apps to toketize, financialize, generate revenue, and split value between users and developers. You might ask, what role does the app chain play compared to the traditional apps on the chain? Louis Liu went on to explain:

"UX is and how to contact application chain produce? Technology chain for developers to improve the UX provides a broad space for design. If you don't want to let your browser users rely on expanding wallet, you can in your own application chain determine how others access to your application. Suppose to certain types of transactions you want to save gas fee, Or you want your customers to be able to choose the type of token they want to use to pay for gas, such as stablecoins, which you can also decide on your own in the app chain."

"Developers have many options for optimization in the design of the application chain, including those at the bottom of the technology stack. In short, developers can develop a fully optimized Web3.0 application as an application chain, while a large number of applications have to share a common set of configurations on a common smart contract platform."

From this point of view, the value proposition of the application chain on Octopus Network is that it provides developers with great flexibility in how the application is deployed, what tokens are used to support the application, and what security models are needed to verify transactions. The first important value proposition of the app chain is that it provides a highly customized and low-cost infrastructure to deploy user-friendly applications with few overhead costs, while giving people complete control.

How application chains differ from smart contracts

The second reason app chains are valuable is that they can change as new factors and market conditions affect the growth of an industry or application. Application chains are more flexible in providing on-chain governance services and evolving capabilities than smart contracts, thanks in large part to Substrate.

Louis explained this:

"There's one more advantage app chains have over smart contracts, which is the most important in the long run: App chains can evolve rapidly while maintaining legitimacy. Each app chain has a native token and ready-to-use on-chain governance. According to Darwin's On the Origin of Species, it's not the smartest or most powerful species that survives. It's a species that can adapt to changes in its environment and adapt accordingly. Blockchain protocols should be considered a digital, institutionalized species for which evolution works."

Louis added:

"Compared to smart contracts, Substrate and other blockchain frameworks have significantly reduced the cost of developing app chains, and Octopus Networks will further reduce the cost of publishing app chains from millions of dollars to thousands of dollars. This is our mission."

In short, the Octopus Network provides an infrastructure for rapidly deploying application chains. Application chains, with their ability to evolve rapidly and flexible on-chain governance parameters, have many advantages over smart contracts. Octopus Network is a pioneer of the future of application chains, committed to making the deployment of application chains more economical and affordable for any startup or team interested.

It should be a future

Developing the right product at the right time, with the right team, is a bright path to success. Octopus Network is a giant in the app chain in its own right, but it's just getting started. Louis is optimistic about the Octopus Network project and the future of the app chain, and he shares the reasons for this:

"Why are we confident about the future of Octopus Networks? Because there are no other blockchain networks dedicated to serving application chains. While Poca is an ideal addition to Substrate's application chain, But its architecture and economic model and the application of chain is not very fit. Wave card of a parallel chain must bear a shard security costs (i.e., card slot). Under the existing models, the cost of millions of dollars each year, paid by by dilute lock DOT. Although there are thousands of a parallel chains can be applied to apportion the costs of it, But let a for a parallel chain independently bear the cost of application service is unreasonable, not to mention, with the passage of time and the growth and evolution. Polygon seems to be another option, but that is not the case. It has inherited from Eth1 heavy technical debt, making it the UX there is little room for improvement."

Unlike parallel chains or platforms that aren't very user-friendly, Octopus Network addresses this problem by providing users with a low-cost, scalable, interoperable, and user-friendly application chain based on NEAR.

Louis Liu concludes:

"The most important thing is, the success of the octopus network does not depend on other than the failure of the chain network. The future field of chain will be divided into many layers, there are still a lot of space for development. For example, make a general intelligent contract block chain ACTS as the octopus network application chain is not reasonable. I think smart contracts in this form is more suitable for DeFi application, I don't see Poka, Polygon, Skale, or Cosmos as competitors. People are just trying different ways to enable Web3.0. These diverse networks, including our own, Finally, according to evolutionary claims, natural selection requires species variation to respond, so our team's focus now and in the future is on building and deploying app chains and helping them succeed, rather than worrying about competition."