Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: MetaAttorney on April 17, 2024, 05:36:35 PM
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Decentralised applications are an integral part of the crypto space as I've found over the years. Through time, alot of these have been built.
As time goes, most frameworks have come forth with well crafted strategies for developing Dapps via Layer 1 blockchains and the dual proof of stake consensus mechanism.
I find this very interesting and I'm looking out for projects tailored along this line, any suggestions I'd research on??
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Are you referring to projects like this one[1]? From what I can tell it is basically the same as delegate staking and stuff like that. I don't really see the appeal other than allowing users to delegate to one validator and earn on layer-1 and layer-2. On the other hand, every dapp is running on L1, so I don't get why you need to mention that. Is this what you mean when you refer to the development framework, or is there something else? I'm pretty sure the idea is not really new, since it is a merge-mining mechanism but for PoS algorithm. CMIIW.
[1] https://docs.bouncebit.io/restaking-infrastructure/bouncebit-pos-chain/dual-token-staking-consensus
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Decentralised applications are an integral part of the crypto space as I've found over the years. Through time, alot of these have been built.
As time goes, most frameworks have come forth with well crafted strategies for developing Dapps via Layer 1 blockchains and the dual proof of stake consensus mechanism.
I find this very interesting and I'm looking out for projects tailored along this line, any suggestions I'd research on??
OMNI fits your criteria.. it's a L1 Blockchain powered by dual proof of stake. https://www.bitget.com/academy/what-is-omnicat-omni-and-how-does-it-work
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I think there's a difference between OMNI and Omnicat. Omnicat is one of the projects launched on the OMNI network, while Omni itself is a layer-2 network based on the link you shared above. As far as I can tell, they're trying to be the layer-2 scaling solution for Ethereum, unless I misread their faqs. It doesn't help that there are other "Omni" projects out there, including probably one of the popular layer projects for Bitcoin, the Omni Layer.