What is Caldera? Caldera aims to become a unit that supports organizations in building their own Layer 2s with diverse customizations. So what is so interesting and special about Caldera? Everyone, please join me in the article below. There will certainly be a lot of useful information for everyone.
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What is Caldera?
Overview of Caldera
Caldera is an organization specializing in building Layer 2 for different individuals and organizations targeting factors such as:
- Extremely good scalability with hundreds of thousands of TPS and each block completion speed is less than 1s. Caldera will be the Optimistic Rollup Chain.
- Caldera can base on customers’ needs to build Layer 2 according to their wishes, be it a Layer 2 for all or a specialized Layer 2 focused on a certain industry.
- Caldera also aims its products to be friendly, simple and convenient for users new to the crypto market.
Besides, there will be a number of customizations on Caldera Chain that customers can choose from as follows:
- EVM Settlement Layer (Consensus Layer): Caldera Chains can choose Ethereum or Polygon. In addition, Caldera Chains can also choose different chains BNB Chain, Aurora, Avalanche, EVmos or EVM Blockchain on the market. To ensure chain integrity, Caldera will use Fault Froof proof.
- Data Availability Layer: Caldera Chains can also choose different Blockchains to store data, such as Ethereum, Polygon, BNB Chain,… or even Eigenlayer or Celestia.
Mechanism of action of Caldera Chain
The operation mechanism of Caldera Chain takes place in a number of basic steps as follows:
- Step 1: Transaction is executed on Caldera Chain. Sequencers will arrange transactions into a block and send it to Prover.
- Step 2: Prover will create transaction proof that the block receives and then send it to Block + Transaction proof to Sequencer.
- Step 3: The block will be sent to the Settlement and Data Availability layers to perform the final process of consensus and data storage.
Note that the Settlement class or the Data Availability class can be different classes without being the same class. This allows a Caldera Chain to use Ethereum as the consensus layer but store data in Celestia to minimize transaction costs.
The Caldera Chain difference
Customization for different Blockchains is the biggest difference that Caldera brings to its customers. Some features that can be customized are as follows:
- Instant Confirmations: Time to complete a block may vary.
- ERC-20 Fee Payment: The transaction fee can be any ERC 20.
- Sustainable Fee Generation: Brings a diverse business model of transaction fees to help Caldera Chain earn sustainable revenue soon.
- Address Whitelist: Allows creating a list to select people who can participate in any round.
- Finality Period: The finality of the transaction can be adjusted quickly or slowly depending on the security level of that transaction.
- Sequencer Locations: Arrange the locations of Sequencers to suit your needs.
- Observability and Monitoring: Provides Analytics indicators to update network status.
- Early Access EIPs: Allows the network to access EIPs that are not even on the Ethereum mainnet yet.
- Multi-VM Support (SolanaVM, MoveVM): Supports a variety of virtual machines.
- EVM-Plus: Supports more tools for developers.
- On-Chain Automation: Enables automation on the network.
Development Roadmap
Update…
Investor
February 13, 2023: Caldera successfully raised $9M for the first time, led by Sequioa and Dragonfly Capital, with participation from Neo, 1KX and Ethereal Ventures.
Core Team
Matt Katz: Co Founder
- Matt studied Computer Science at Stanford University. After graduating, Matt spent a short time as an intern at Apple.
- After that, Matt worked as a Software Engineer at many different companies such as Warp, Fractal, Skiff.
- By early 2022, Caldera will officially build and develop Caldera.
Tokenomics
Update…
Exchanges
Update…
Project Information Channel
Summary
Caldera is a notable Layer 2 project in the near future that I think everyone can keep an eye on in the near future.