Somnia, a high-performance EVM-compatible Layer 1 optimized for large-scale consumer applications, has released an updated version of its Litepaper. The new document shares key innovations about the project, including the new Multistream consensus model.
Multi-stream consensus will enable Somnia to achieve 400,000 transactions per second and sub-second block finality, aiming to support the next generation of large-scale consumer applications. Somnia is launching a $10 million ecosystem grant program to help promising developers connect with leading Web3 investors (including Mirana Ventures, Spartan Capital, and CMT Digital) to support developers in creating large-scale real-time applications across games, social platforms, metaverses, and more.
The new Somnia Litepaper reveals the architecture that supports its high throughput and performance while maintaining a high degree of decentralization. This new design includes advanced compression technology that allows Somnia to transfer data between nodes more efficiently than other blockchains, as well as a multi-stream consensus algorithm that helps the blockchain achieve sub-second block finality. Somnia also has a custom database, ICEdb, that enables it to achieve an average read/write time of 70-100 nanoseconds. The blockchain is also optimized for single-threaded sequential execution, which outperforms traditional parallel models, especially during transaction-intensive periods.
Litepaper also introduced the benefits of developers being able to deploy games and social applications on a scalable blockchain that can support high-transaction volume DAPPs and maintain an ultra-low fee environment.
Somnia was developed by the Virtual Society Foundation, an independent organization launched by Improbable, a UK startup that has been a leader in virtual world building for more than a decade. The Virtual Society Foundation received initial funding from MSquared, which raised $150 million in 2022.
Somnia has partnered with Yuga Labs to provide new uses for digital collectibles for Kodas, Otherdeed Expanded, Bored Ape Yacht Club, and Mutant Ape Yacht Club NFT holders. The launch of Somnia L1 will give NFT holders full access to gaming and interoperable virtual experiences on-chain. NFT avatars can be used in MSquared virtual experiences, such as the official MLB virtual baseball stadium, and concerts by Kpop musicians – such as TWICE on Kosmopop. Somnia has also developed Dream Builder, a suite of tools that allows users to bring their creative visions to life, from converting 3D files into interoperable metaverse objects to building immersive worlds and game-like experiences.
The performance characteristics of the Somnia blockchain will eventually enable more logic that currently exists off-chain to be moved on-chain, which is particularly important for games, social platforms, and other large-scale consumer applications. Somnias high-performance blockchain can also improve trading by creating an on-chain price limit order book, so that users can get the experience of a centralized exchange while having the security of a decentralized blockchain, which is attractive to DeFi applications.
Unleashing these new use cases, and others yet to be imagined, will drive mass adoption of blockchain and Web3, and Somnia will be the best technology choice for these use cases, making it the obvious choice for developers and creators.
About Somnia
Somnia is the fastest and most cost-effective EVM Layer 1 blockchain, capable of processing over 400,000 transactions per second with sub-second finality.
Somnias new multi-stream consensus technology achieves sub-second block certainty and higher transaction throughput. Sequential execution and compression algorithms effectively handle high-density scenarios, increasing the amount of data transferred between nodes by 10-20 times. The new custom database IceDB achieves 70-100 nanosecond read/write times, reducing transaction costs to less than a penny. This makes it an ideal platform for building large-scale, real-time applications in games, social, metaverse, finance, and other fields, serving millions of users, all on-chain, making the EVM more efficient than ever before.
This article is sourced from the internet: High-throughput EVM public chain Somnia updates Litepaper, multi-stream consensus becomes an important core
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