Somnia, a high-performance Layer 1 that is compatible with EVM and optimized for entire worlds’ data fully onchain, has released a updated version of its litepaper. The project’s major improvements, such as the new Multistream consensus model, are outlined in depth in the updated document.
Somnia, which aims to enable the next generation of mass-consumer apps, will be able to process 400,000 transactions per second with sub-second block finality thanks to the Multistream consensus. Somnia is creating a $10 million ecosystem grant program to assist link potential developers with top Web3 investors, such as CMT Digital, Spartan Capital, and Mirana Ventures. The program’s goal is to assist developers in producing extensive, real-time applications for social platforms, gaming, metaverses, and other domains.
The architecture that will support Somnia’s high performance and throughput while preserving a high level of decentralization is revealed in the new litepaper. This innovative architecture incorporates the Multistream consensus algorithm, which enables the blockchain reach sub-second block finality, and sophisticated compression algorithms that enable Somnia to transfer data between nodes up to 20 times more effectively than existing blockchains. Additionally, Somnia has ICEdb, a custom-built database that allows for typical read/write speeds of 70–100 nanoseconds. Single-thread sequential execution, which the blockchain is geared for, performs better than conventional parallel models, particularly during periods of high transaction activity.
The advantages for developers of deploying games and social apps on a scalable blockchain that can accommodate large numbers of Dapps while preserving a very low cost environment are also described in the litepaper.
The Virtual Society Foundation, an autonomous organization founded by Improbable, a British business that has led the way in creating virtual worlds for more than ten years, is responsible for developing Somnia. In 2022, MSquared raised $150 million to provide initial funding to the Virtual Society Foundation.
Through collaborations with Yuga Labs, Kodas, Otherdeed Expanded, Bored Ape Yacht Club, and Mutant Ape Yacht Club NFT holders now have additional utility for their digital collectibles. NFT holders will be able to enjoy games and completely on-chain interoperable virtual experiences with the introduction of Somnia’s L1. NFT avatars may be used in MSquared virtual worlds, such as the official MLB virtual ballpark and Kosmopop concerts with Kpop artists like TWICE. Additionally, Somnia created Dream Builder, a collection of tools that enable users to realize their imaginative ideas, from creating immersive worlds and game-like experiences to converting 3D files into interoperable metaversal objects.
More functionality that is now off-chain may finally be put on-chain thanks to the Somnia blockchain’s performance features. For mass-consumer apps like gaming and social platforms, this will be particularly crucial. The development of on-chain Limit Order Books, which will provide users with the security assurances of a decentralized blockchain and the experience of a centralized exchange, is another way that Somnia’s high-performance blockchain may enhance trade and attract DeFi applications.
Somnia will be the best technology for these use cases, making it the obvious choice for developers and creators. Unlocking these new use cases, along with others that have not yet been envisaged, will propel the widespread adoption of blockchain and Web3.
Source: https://thenewscrypto.com/somnia-unveils-updated-litepaper-with-multistream-consensus-and-several-enhancement/