The group-to-DAO protocol warned of some “significant issues” with many of the most popular interactive build solutions on the market.
As Ethereum struggles with a protracted gas tax crisis, with rising transaction costs making blockchain unsuitable for many DeFi enthusiasts, mass messaging has come to be seen as the best solution to address scalability issues.
Earlier in March, Ethereum co-founder Vitalik Buterin suggested that such a solution would serve as a sticky layer until the long-awaited Eth2 update brings the shrinkage – and enables the blockchain to expand 100x.
But according to Metis – a platform that it says is designed to create a technical and organizational architecture for Web 3.0 – the discussion could be more subtle than that.
The project argues that the design level criterion is “usually very central,” that is, replicates a centralized structure from a single sequencer that relies on a validation mechanism to deter malicious players from engaging in fraudulent activities.
To make matters worse, Metis says that many Tier 2 solutions can often take a long time to complete transactions, and in some cases, these processes can take “several days.” In a fast-paced world where instant alignment is important, this can be extremely impractical in the long run – and creates another bottleneck as productivity will ultimately be limited.
“We need to ensure that the second group is scalable,” says Kevin Liu, co-founder of Metis.
Metis believes that rigorous research and development on Optimistic Rollups (OR) can help provide a technical solution that improves the process – and eliminates these problems.
To create the foundation for the Web 3.0 economy, Metis defines several basic infrastructure requirements. It should be decentralized as much as possible to avoid any point of control or failure; Maximum scalability to support many running enterprises or decentralized applications; As cost effective as possible to support large scale operations and viable business models; Easy to use for builders and developers; It must serve the true needs of the companies that run it.
These assumptions allow Rollups to support a much broader scenario — the entire Web 3.0 economy — rather than simply addressing gas costs and transaction flows.
With its vision of supporting the Web 3.0 economy, Metis has developed a number of innovations to make the suite even more powerful than its predecessors. These include support for multiple virtual machines to avoid performance bottlenecks; Use the interplanetary file system to protect sensitive data, reduce costs and increase efficiency; Use Tier 2 Rangers to reduce the required fraudulent transaction window; It provides a fully functional framework that includes smart contract templates, tools and mechanisms to enable developers to easily connect and build their DApps.
“Metis Rollup is the best complete rollup and platform for Web 3.0 development, especially for those planning to use Layer 2 to execute complex business logic,” adds Liu.
DAO as infrastructure
For Metis, the goal is to ensure that individuals, communities, builders and projects can take advantage of the low gas costs, high scalability, rich functionality and simple user interfaces that the team brings to their solution, and build the future of Web 3.0.
However, as in the real world, corporations and their associated governance and management principles form the core layer to support global business operations. In the Web 3.0 world, DAO means the operation of many applications or decentralized enterprises. Metis specifically defines Decentralized Independent Corporation (DAC) as a subset of DAOs to manage business operations in a new and innovative way. A DAC has much more to offer than a typical DAO, which often provides more than just a voting mechanism for community members.
More information from METIS here
Metis Rollup also integrates the DAC concept into its engine structure to complement the organizational infrastructure of the Web 3.0 economy. Metis has focused its efforts on building trust in the DAC so that a group of people can achieve their goals – while managing the collaboration in a decentralized way.
One of the key decisions of Metis Rollup is optimistic governance, which aims to address this trust issue by using standing bonds as a performance bond and using them to punish default.