Blockchain adoption has stalled because too few devs understand the complex systems required to make dApps work.
@EigenCloud has come along with a game-changer: API tools that simplify access to blockchain.
What is EigenCloud and how is it bridging the blockchain tooling gap?
A problem that exists in crypto today is that many blockchains have high throughput/scalability but lack the Web2-based tools to utilize them.
Apps onchain aren’t able to:
- Interact with external code libraries to leverage their tools
- Make trustless API calls without creating complex oracles to filter incoming data
- Bypass hardware and consensus limits imposed by the chains they’re building on
@EigenCloud has created a solution to this lack of blockchain programmability: Cloud-based AVSs.
What is an AVS and how will it enable thousands of new use cases for blockchain technology?
Let’s find out.
AVS stands for Autonomous Verifiable Service.
Essentially, they act as onchain APIs that let devs access blockchain services without having to create custom integrations or fully understanding the underlying systems.
This can include services like:
- Data availability for onchain storage
- Accessing oracles for offchain data
- Generating ZK proofs for security and scalability
…and more.
While crypto has high verifiability but low programmability, normal cloud computing has the opposite issue - you can access any external library, but you can’t trustlessly verify data to be correct.
@EigenCloud solves this issue through their cloud based AVSs - devs can get access to all the external libraries they need while ensuring all data is trustlessly verified through the blockchain.
How can an app use an AVS to enhance their product?
@EigenCloud lets Web2-native apps utilize the tamper-proof execution of blockchain to maintain full data integrity.
In simpler terms, any web app can now use EigenCloud AVSs to show that all of their data is accurate and verifiable directly on the blockchain.
For example, EigenVerify offers Dispute Resolution-as-a-Service where anyone can contest the outcome of a deterministic computation, and EigenVerify will rerun it using the same inputs to prove its accuracy.
While this may seem pointless at first, it actually fixes a huge flaw in Web2 today: provability.
Most services today don’t let you verify the validity of each transaction, and instead they can just say “trust me bro it’s correct”.
EigenCloud leverages blockchain to create accountability through trustlessness - instead of you having to trust an outcome to be correct, you can go and verify it for yourself.
In addition to the consensus mechanisms making trustless verification possible,
@EigenCloud offers other services like:
- EigenDA for high throughput data storage and access
- Eoracle for trustlessly importing external data onchain
- Lagrange for ZK proof generation without the intensive compute requirement
All of these services (and more) can be directly accessed via API call in any web app.
But how are these AVSs secured?
As with any proper blockchain protocol, EigenCloud creates self-sustaining security through their token $EIGEN.
EigenCloud operates under a Proof of Stake mechanism, where AVS validators are rewarded for good behavior through $EIGEN tokens and slashed for bad behavior or malicious intent.
The flywheel is simple: liquidity creates security against attacks, which creates more opportunity.
Let’s look at the AVS security flywheel:
- Token rewards create more liquidity as users and AVS operators stake their $EIGEN
- Liquidity creates security where AVSs become more resistant to attacks
- Increased security creates more AVSs that can offer more diverse tools
- New AVSs drive more liquidity as the demand for $EIGEN increases and yields are raised
This system creates opportunities for everyone involved - stakers get yield, devs get better tools, and AVSs get more secure.
@EigenCloud is a real game changer for the blockchain industry.
It creates so many new opportunities for devs that don’t have a Web3 background to start utilizing blockchain within their apps.
These services will only get better and better over time as blockchain technology continues to improve and the industry grows.
If you enjoyed this thread and want to learn more about these systems or have questions about any of the ideas discussed, check out
http://dcft.site for a free course on the fundamentals of blockchain or to reach out for a consultation!
Become a blockchain pro today!