Pantera Partner: Learn about Lumio, which connects Ethereum and Aptos ecosystems in one article
Written by:Paul Veradittakit, Partner at Pantera Capital
Translation: golden finance xiaozou
1 Introduction
Growing demands require more scalable and efficient solutions, drivingBlockchainThe field is undergoing rapid innovation and development. In this dynamic and ever-changing environment, Lumio is a particularly noteworthy innovative solution to Ethereum’s scalability and virtual machine (VM) diversity. Lumio can be said to be the two most important companies in the industryBlockchainBreakthrough integration of components: Ethereum settlement and VM execution alternative starting with Aptos Move VM. Ethereum is known for its reliability, decentralized nature, deep liquidity, and widespread adoptionBlockchainworld, it brings proven and robust infrastructure. Rust-based alternative virtual machines such as Move VM are designed forSafetyBuilt to efficiently execute transactions in parallel. Lumio will integrate Ethereum settlement with alternative virtual machines such as Move VM, giving developers the option to use alternatives to the EVM while remaining consistent with popular L2 Composability of ecosystems such as Optimism, Arbitrum and ZkSync.
The Lumio team is working on integrating another alternative VM, the Solana VM (SVM), which also brings static typing to the Rust-based VMSafetyperformance and parallelism, but it is not as user-friendly as Move. This is best illustrated by the "chewing glass" process that Solana developers must go through before they can start building on Solana. Move VM is similar to Solidity and looks more like a typescript language, which enables developers to more intuitivelycontractCombine business logic. Move VM has the added benefit of having a native prover for formal verification, so developers don't need to cobble together solutions to avoid issues like overflow errors, which can be costly and costly. The $50 million KyberSwap hack is an example of this. As developers describe it, the main benefit of Solana VM is that developers have more freedom to build their applications, and Solana has a thriving application ecosystem.
Aptos is the lead maintainer of Move VM, recognized for its cutting-edge technology and potential to redefine blockchain performance and scalability. Lumio is a modular L2 Implementing Move VM's protocol on a framework such as OP Stack, it bridges the functionality of both worlds, providing a unique solution that combines the best of both worlds - the activity and widespread adoption of Ethereum, and the capabilities of Aptos Move VM Innovative technologies and potential.
2. Introduction to Lumio
Lumio as optimistic rollup protocol (L2) Pioneer stands out for its unique integration of alternative parallel virtual machines into Ethereum's most popular L2 ecosystem. At its core, an optimistic rollup aims to solve one of the crypto world's most pressing problems: scalability. By aggregating many off-chain transactions into a single transaction package and publishing it on-chain, optimistic rollup greatly reduces the pressure on the main chain (L1). This approach not only speeds up transaction processing but also significantly reduces associated costs, thereby increasing the utility and accessibility of blockchain technology across a wider range of applications and use cases. Popular L2 ecosystems like Optimism are decentralizing further to match the reliability of Ethereum’s L1 by creating an L2 mesh network of shared orderers and liquidity bridges. This enables applications connected to the network to be shared through a common frameworkSafetysex, mobility and intelligencecontracttransfer. A prime example is the upcoming Optimism Superchain, which will unite Base, Mantle, Zora and other popular L2s using the OP stack framework. Arbitrum Orbits and ZkSync hyperlinks are similar frameworks under development. The idea of merging heterogeneous block spaces pioneered by Cosmos is now being implemented on Ethereum L2, and Lumio will be at the forefront of this trend.
Combined with Aptos' Move VM, Lumio goes beyond the traditional advantages of optimistic rollup. Known for its superior architecture, Move VM is designed for advanced security and efficiency in executing blockchain transactions in parallel. The synergy between the scalability of Optimistic rollup and the reliability of Move VM creates a universally powerful protocol. Therefore, Lumio is not only an innovation in scalability, but also a comprehensive solution to the multi-faceted problems of blockchain, providing a more complex, secure and efficient solution. web3 Applications pave the way. This makes Lumio a key tool in advancing the blockchain industry, setting a new standard for the optimization of blockchain networks to meet the evolving needs of developers and users who want the liquidity and security of Ethereum and a more agile user experience.
3. Main features of Lumio
(1) EVM compatibility and Ethereum settlement:
EVM Compatibility: Lumio is designed to work seamlessly with the Ethereum Virtual Machine (EVM) and is highly flexible, allowing developers to migrate legacy code and start using Move functionality. This ensures easy interaction and integration with EVM-compliant networks and machines. The Lumio team is also studying the use of Block STM to integrate parallel EVM, which is the same innovative concept behind Aptos Move VM.
Broad blockchain interoperability: Lumio will support multiple ecosystems starting with Optimism, the Ethereum L2 that goes further and further down the road of decentralized sequencers. Lumio plans to integrate alternative virtual machines into popular ecosystems such as Arbitrum, ZkSync, Solana, Avalanche and Cosmos. This broad interoperability enables Lumio to run on a variety of blockchain platforms, reaching more developers looking to integrate Move in various ecosystems.
Ethereum Settlement: A key feature of Lumio EVM compatibility is its ability to manage Ethereum settlement, allowing transactions initiated in Lumio to be batched and finalized on the Ethereum blockchain using proofs.
Ethereum composability: Lumio will minimize the fragmentation issue of DeFi composability through deployment on the Ethereum L2 shared orderer ecosystem (where Ethereum users and liquidity reside). As Vitalik's vision of moving off-chain transaction execution to L2 becomes a reality, Lumio will play a key role in breaking the EVM/Solidity vendor lock-in that developers have to deal with in the current paradigm.
(2) Move VM integration:
Move VM's reliable architecture: Move VM is part of Lumio and is known for its strong and secure architecture. It comes from the Aptos ecosystem and enables efficient execution of transactions and smart contracts.
Resource-Oriented Programming Model: An important aspect of Move VM is its resource-oriented programming approach, which enhances the management of digital assets and smart contracts. This model provides advanced security, treating digital assets the same as physical assets, minimizing errors and security breaches.
Enhanced Lumio performance: The integration of Move VM greatly improves Lumio's security and efficiency. Its unique capabilities enhance Lumio capabilities, creating a more powerful and reliable platform.
(3) Cross-virtual machine calls and dApp migration:
Easy dApp migration: Lumio simplifies the process of migrating decentralized applications (dApps) between blockchains, such as from Ethereum to Aptos. This is critical for developers looking to move their applications to a more efficient platform without the need for extensive redevelopment.
Cross-virtual machine calling capability: Lumio supports cross-virtual machine calling and serves as a bridge for interaction between different blockchain virtual machines. This interoperability allows developers to leverage the strengths of each blockchain ecosystem in a unified environment, enhancing integration and versatility in the blockchain space.
Cohesive development environment: Lumio’s support for cross-VM calls and dApp migration promotes a unified and flexible development environment. Developers can take advantage of multiple zonesXiaobai NavigationThe best features of blockchain systems, improving their application functionality and creating new opportunities for innovative dApp designs.
4. Technological innovation
Lumio's powerful innovation foundation mainly has two key elements: OP Stack and Move language. OP Stack is the core of Lumio architecture and can run efficiently between virtual machines to enhance interoperability and performance. It plays a vital role in Lumio's smooth integration with different blockchain ecosystems.
Additionally, the Move language used by Move VM is tailor-made for blockchain applications. It introduces resource-oriented programming and revolutionizes the way digital assets are handled in blockchain development. This method greatly improves transaction security and efficiency and provides developers with advanced tools to build secure and complex blockchain applications. By integrating these technological innovations, Lumio not only strengthens its role in the blockchain space but also sets a new benchmark for the security and efficiency of blockchain technology.
5. Experienced team
The Lumio team built two of the most popular applications on Aptos: Pontem walletand Liquidswap, respectively have over 40,000 weekly active users and 250 million annual trading volumes. The team’s ability to bring complex products to market safely and efficiently gives them a unique role: building a critical layer of alternative virtual machine infrastructure for the Ethereum world. Lumio is now in closed beta on Lumio.io, but has already received tens of thousands of access requests.
The Lumio team has extensive blockchain expertise. Team member Alejo Pinto is an avid Bitcoin supporter and has been leading Lumio's product construction since 2014. Alejo previously led growth marketing at IBM Blockchain. The technical side is led by Boris Povod, founder of Crypti (the predecessor of Lisk and Ark). Stas Oskin is responsible for business development and has successful experience in Spondoolies' B2C mining business and was once a member of Crypti and Beam MW. This highly skilled trio’s combination of growth expertise, technology innovation, and business acumen has put Lumio on a path to creating significant achievements in the blockchain space.
6 Conclusion
Lumio is the embodiment of the innovative spirit of blockchain technology. It introduces alternative virtual machines such as Aptos Move VM to Ethereum, opening up new avenues for interoperability and performance enhancements. As the blockchain world continues to evolve, Lumio will have a significant impact on the future of blockchain.
The article comes from the Internet:Pantera Partner: Learn about Lumio, which connects Ethereum and Aptos ecosystems in one article
Delphi Digital reviewed in-depth reports on multiple projects including Solana, Celestia, Coinbase, Blur, and more. Written by: Delphi Digital Compiled by: Sharon, BlockBeats Editor’s Note: On December 22, Delphi Digital…
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