Sandeep emphasized that achieving infinite scalability is one of the critical goals for blockchain infrastructure to reach a global scale comparable to the internet. Current blockchains have limited transactions per second (TPS), with notable examples being Bitcoin at 7 TPS and Ethereum at 13 TPS. Sandeep argued that in order for Web3 to rival the current internet, it must overcome these limitations and offer scalability that can accommodate the vast number of applications users wish to launch, similar to Web2.
2. Unified Liquidity is Essential
According to Sandeep, unified liquidity is another vital feature for the success of Web3. He stated that users should not have to worry about fragmented liquidity across different blockchain networks. Instead, there should be seamless access to liquidity regardless of the blockchain being utilized. By ensuring that a token on one chain is recognized on multiple chains, users can transact without the hassle of bridging or worrying about liquidity discrepancies.
3. Addressing Fragmentation in Web3
Sandeep pointed out that while scalability issues are being tackled, fragmentation remains a significant challenge within the blockchain ecosystem. With many emerging chains, there is a need for an architecture that brings disparate blockchains together. He introduced the concept of the Ager layer, aimed at providing necessary interoperability and unifying various blockchain ledgers, ultimately creating a more cohesive web of interconnected chains.
4. Ager Provides Safety and Interoperability
Sandeep highlighted the technical advantages that Ager brings, including safety guarantees across different chains. He discussed how Ager aggregates many chains into a single architecture, allowing for proof aggregation and efficient interoperability. This means that the transfer of value between chains can be executed smoothly and safely, representing a significant step forward in blockchain technology.
5. Empowering Developers with Control
Sandeep stressed the importance of providing developers with complete control and the ability to maintain the entirety of their innovations. He noted that Ager does not require a fee-sharing model, unlike many existing Layer Two stacks. This model allows developers to keep all sequencer fees and enables complete autonomy in governance decisions, fostering an environment conducive to greater experimental development in the blockchain space.
6. Bridging the Gap Between Chains
Sandeep described the new "bridge and call" functionality that Ager offers, which facilitates interaction between different chains with ease. This feature allows transactions and smart contract functions to be executed across chains without requiring the user to navigate complex processes. Users simply initiate transactions, and Ager handles the complexities behind the scenes, greatly enhancing user experience and accessibility.
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