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The Case For and Against the Appchain Thesis

degensensei.substack.com · 2,166 words · saved by 1 readers

The Appchain thesis has grown into a counter-narrative to Ethereum’s multi-chain future. Especially with the development of Cosmos 2.0 and dYdX igniting the movement by moving from the Ethereum layer 2 solution Starknet to Cosmos. I’m going to write this article under the assumption that you are familiar with Cosmos and if that is not the case you can read about it here. So what is the Appchain Thesis? The appchain thesis is that as every protocol built on a blockchain wants to scale, they will seek to deploy as sovereign chains that would give them full control of their protocol without relying on an inherent L1. Why would you want to do that? Imagine that you are a DeFi protocol on Solana that is trying to maintain your operations but the network constantly experiences downtimes hindering your business in the process. Note: There was no way Solana wasn’t going to catch a stray bullet. Sorry, not sorry. This would make you look for other options that provide more resilience. Protocols

The Case For and Against the Appchain Thesis Cross-chain or Multi-chain? Degen Sensei Oct 16, 2022 6 4 Share The Appchain thesis has grown into a counter-narrative to Ethereum’s multi-chain future. Especially with the development of Cosmos 2.0 and dYdX igniting the movement by moving from the Ethereum layer 2 solution Starknet to Cosmos. I’m going to write this article under the assumption that you are familiar with Cosmos and if that is not the case you can read about it here . So what is the Appchain Thesis? Appchain Thesis The appchain thesis is that as every protocol built on a blockchain

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