SEDA is simply built differently and explicitly designed for horizontal scalability and instant integrations.
“Simplicity is the ultimate sophistication.” Leonardo da Vinci.
Crypto infrastructure is transitioning toward a more efficient and secure framework. Chain abstraction is leading a new era for crypto infrastructure, solving fragmentation problems plaguing the Web3 landscape. While blockchain ecosystems will always remain incredibly complex under the hood, the need for simple, familiar, and intuitive application UI/UX is paramount. To reach a chain-abstracted future, interoperability standards must facilitate infinite communication pathways accessing all chains at all times. SEDA is the data standard for horizontal scaling to connect any current or future chain.
The Current State of Interoperability Infrastructure
Traditionally, the infrastructure between blockchain networks has operated as a semi-trusted system. Bridges, which are essentially smart contracts that reside on both the origin and destination networks, serve as the primary method for transferring information and value between chains.
The most common design of these bridges involves locking a token on Chain A and sending a message to Chain B to mint an equivalent balance, usually facilitated by a combination of oracles and relayers. As more and more blockchains are deployed, the number of smart contracts required to be integrated on the origin and destination chain and integration with oracles and relayers grows exponentially.
Inherent Risks and Flaws in Existing Interop Infrastructure
This prevalent bridge design is fraught with several risks and flaws:
1. Centralized oracles may collude.
2. Relayers could pass false messages.
3. the lock/mint contract vulnerabilities could lead to infinite mint scenarios.
4. Oracles or relayers might deny service.
5. Support for certain routes may be dropped by oracles or relayers.
For an industry to advance to a state of global adoption, these risks must be inherently mitigated within the infrastructure design. Common approaches of deploying ‘band-aid’ tech fixes won’t hold up an app-chain future.
Emerging Interoperability Infrastructure Designs
Newer models, like those introduced by [TAG] AcrossProtocol and [TAG] Socket, employ an intent creation and settlement engine that relies on solvers to fulfill bridge intents for users across chains.
When a user wants to stake $x in value but interacts with an app built on a different chain from the staking pool, Solvers can fulfill the staking intent by using their liquidity to complete the action on destination chains. SEDA, connecting any and all networks, can then query the transaction state on the destination chain to issue an execution proof to the destination chain. Once the proof is received, the origin chain unlocks $x value from the user plus a fee that is sent to the Solver.
This approach reduces costs, speeds up transactions, enhances user experience, and allows for various transaction types.
The Importance Of Building Standards For Interoperability
As the demand for interoperability grows, the need for a standardized approach becomes evident. It’s challenging to scale existing infrastructures meaningfully across numerous networks. For instance, supporting the top 10 networks increases the number of routes from 45 to a more complex system involving 300 routes for 25 networks and a staggering 1,225 routes for 50 networks. SEDA protocol has been designed to handle even greater scales, aiming to onboard the 250 networks currently active in crypto, which translates to over 31,125 routes.
With more networks being deployed and ecosystems, chains, and protocols becoming hyper-specialized, the industry must build interoperability standards or risk fragmenting and siloing the user experience beyond usability. More networks create more routes that need to be connected, but each route must be usable by anyone at any time within a chain-abstracted industry. Building interoperability standards that instantly service any new or existing network data requirements is the cornerstone for a successful Web3. SEDA’s data layer stands at the forefront of an industry-wide data communication standard.
SEDA Is Designed For A Chain Abstracted Future
SEDA is set to become a foundational element in crypto infrastructure, offering secure, decentralized data access that supports any route for standards like OneBalance, Hyperlane, SocketProtocol, NEARProtocol, and others. The landscape is poised for significant expansion with a potential future involving thousands of application-specific networks connected by SEDA’s data standard.
Projects like the ones mentioned above need only one prover contract that interacts with SEDA’s solver network to begin issuing general or complex data requests to any other chain. SEDA’s natural configurability empowers these protocols to build their modules on top of the network, which can define the parameters in which their data requests are returned, aiding in hyper-specialized and querying complex intents. SEDA is simply built differently, with a design that will support any network, regardless of the market meta or focus, to supply data to all networks.
Chain Abstraction — A Paradigm Shift
Looking ahead, industries such as stocks, bonds, real estate, mortgages, derivatives, institutions, and banks are expected to migrate on-chain. SEDA will play a critical role as the standard for oracle data, connecting each use case’s sovereign execution environment to real-world data and any other network in Web3. Unlike traditional oracles, SEDA’s infrastructure allows for horizontal scalability and immediate data availability across all networks via the abovementioned Prover Contract and Solver Network.
In the coming weeks, use cases focusing on interoperability and chain abstraction modules will be rolled out, testing the horizontal scalability outlined in this vision. As we move forward, it’s clear that chain abstraction is not just a technological shift but a paradigm shift, promising a more interconnected and efficient blockchain ecosystem. Standards incorporating necessary abstraction-focused principles such as permissionless access, chain agnostic transport, and high levels of programmability stand as the foundations for this paradigm shift.
SEDA
