Viction World Wide Chain: Appchain is an inevitable market trend
Optimize customization of gas fees and communication between appchains
In the book Read.Write.Own, Chris Dixon - founder of a16z - argued that the next era of the internet, here Web3, is characterized by ownership.
For that reason, in the end, projects will want to have a "home" to build their own community. Here, they have full control over the principles of building and launching their own tokens. And they do this by deploying an appchain (blockchain built specifically for a specific application).
In addition, the current market favors tokens of infrastructure projects over tokens of applications. Therefore, in order to increase their valuation, applications that have a large number of users tend to go towards infrastructure, that is, building chains.
VWWC was born to meet this need. “The inevitable trend is that application projects will move to chain deployment. If this is an inevitable scenario, Viction cannot just stand by and watch," said Mr. Le Thanh - founder of Ninety Eight and developer of Viction.
The inevitable trend is that application projects will move to chain deployment. If this was an unavoidable scenario, Viction couldn't just stand by and watch
VWWC provides a solution for appchains running in parallel on the ecosystem to communicate with each other under the common consensus mechanism of the Viction platform. VWWC uses chain development kits mainly from Polygon CDK and GlitchD CDK, followed by OP Stack, Arbitrum Orbit and ZK Stack.
According to Mr. Le Thanh, gas fees are one of the two key factors that prevent users from accessing the Web3 world. Viction network previously launched the prominent VRC-25 feature, which allows platforms or developers to sponsor gas for transactions. Upcoming, Ethereum will also introduce the EIP-3074 upgrade with similar features.
As for GlitchD CDK, this is a strategic choice of Viction. GlitchD's core team includes members who have worked on famous projects, such as Facebook's Diem. In addition, GlitchD's stack is multitasking, can operate on almost all EVMs (Ethereum virtual machines) and possesses a mechanism quite similar to Cosmos.
GlitchD is also following this path. Their stack will allow appchains on Viction to communicate with each other across the ecosystem, with users able to take an asset on one chain to use on other chains.
Previously, chains in the market were in isolation, unable to "talk" to each other, leading to value fragmentation. Cross-chain messaging protocols were born to solve that challenge.
However, this solution comes with complexity and security risks. GlitchD's stack can eliminate the need to use these protocols with appchain interoperability built into the design.
VWWC also uses the Data Availability Layer (DA) of Celestia, EigenDA, VictionDA, AvailDA and NearDA.
Explaining why Viction already has block space but still builds more DA, Mr. Le Thanh gave the example that normal computer users only need 8GB to store data, but for those who play games with high configuration, Mr. For more powerful models, they will need up to 32GB, which means more block space.
"VictionDA was born so that in case a project needs it, they have something to use," Mr. Le Thanh said.
Build community first, appchain later
With VWWC, the value of the Viction network will be closely tied to the success of the appchains with the applications built on top.
The trend of utility tokens at this time will be for users to stake parent chain tokens to receive application tokens. In addition, appchains running on the Viction network inherit Viction's security consensus layer, so they will still pay gas fees to the parent chain.
"Observation will show that all chains deployed on Ethereum cannot pull more TVL (total value of locked assets) than the parent chain Ethereum," Mr. Le Thanh said. “If the scenario happens that every project makes an appchain and launches tokens on that chain, then the parent chain will become the liquidity center of all chains.”
The reason for this lies in the security of the parent chain. For example, when BlackRock decided to issue tokenized index funds, they chose Ethereum because they believed in the security of the network.
“In a developed ecosystem, the most valuable assets will always reside in the parent chain. In the case of VWWC, liquidity will be focused on building mainly on Viction, while utility will be on appchains," Mr. Le Thanh said.
VWWC facilitating appchains is a very long-term move by Viction.
VWWC facilitating appchains is a very long-term move by Viction. Although the inevitable trend is that applications will need an appchain, initially they will prioritize building on the parent chain to develop the community.
One of the reasons is because on-ramp/off-ramp features, construction tool kits or exchanges... are almost fully available on the parent chains, while the appchain will need time to develop those things. .
Typically, the original Axie Infinity game was also built on Ethereum. When the community is strong enough and the gas fees no longer provide a good user experience, they will switch to making the Ronin chain.
According to Mr. Le Thanh, the market is very close to the point where you can go to a website, log in to create an account and press a button to create a new chain with a very cheap fee.jh
Over time, short-term values become increasingly difficult to find, while long-term values add up. At that time, those who pursue quick games will start to return to the basics.
In that trend, Viction will play an important role. With long experience in user development and working with a variety of partners, Viction will initially help applications build online communities.
Then, when these popular applications for games, social, payment... grew, Viction continued to provide VWWC tools for them to build appchains and become even more developed.
According to Mr. Le Thanh, this is a sustainable direction but few parties are interested in doing it, because launching tokens will bring benefits more quickly.
“However, over time, short-term values become increasingly difficult to find, while long-term values add up. At that point, those chasing quick games will start going back to the basics. Then, they will see Viction there and already a long way ahead," Mr. Le Thanh said.
“We are not the best in the market to do these things, but we are the ones committed to doing these things over the long term.”
