What is a Next-Generation Blockchain Network: Improving Cross-Chain Bridging and EVM Scalability

A next-generation blockchain network is an innovative solution designed to enhance the performance of decentralized applications (DApps) by improving throughput and enabling efficient token transfers across different chains. This article explores the key features and technologies behind such a network, highlighting its approach to solving common blockchain challenges.

How does this network achieve EVM scalability?

This advanced blockchain network tackles the issue of Ethereum Virtual Machine (EVM) scalability through the implementation of sharding and parallel processing. Unlike traditional blockchains that process transactions sequentially, it utilizes multiple EVM processors simultaneously, each capable of handling hundreds of transactions per second. This approach significantly increases throughput and reduces transaction times.

The network's architecture is designed to grow linearly, allowing for the addition of more EVM processors as demand increases. This scalability ensures that performance remains consistent even as the network expands.

What role do asynchronous tokens play in this network?

Asynchronous tokens are a crucial component of this next-generation network, following a specific token standard. These tokens are specifically designed for parallel processing, enabling multiple transactions to occur simultaneously without interference. This design choice contributes significantly to the network's speed and efficiency.

Key features of asynchronous tokens include:

1. Just-in-time bridging: Allows for near-instant token transfers between different subnets or EVM cases.
2. Efficient cross-chain bridging: Facilitates smooth and secure asset movement across various blockchain networks.
3. Enhanced transaction speed: Enables parallel token processing, reducing wait times associated with sequential transactions.

How does the EVM work in this network?

The EVM architecture in this network is divided into onchain and offchain components, each serving specific functions to maintain network efficiency:

Onchain components:

• EVM executor: Handles transaction execution and smart contract operations.
• Ethereum JSON RPC API: Bridges the EVM with external tools like wallets or DApps.
• Transaction pool and blockchain data: Manages queued transactions and recent network state information.

Offchain components:

• Block extractor: Stores data from the onchain network in a cloud-based database.
• EVM archiver and adapted node: Maintains a complete history of the EVM state and manages all block data.

This separation of responsibilities allows for improved data management and higher transaction throughput.

How does this network improve cross-chain asset bridging?

A specific component of this network focuses on secure and efficient cross-chain asset bridging. It utilizes advanced cryptography to ensure the security of asset transfers between different blockchains. Operating as a decentralized bridge, it reduces the risk associated with centralized bridging solutions.

Key features include:

• Support for multiple assets, including major cryptocurrencies.
• Seamless EVM to Bitcoin bridging.
• Use of advanced cryptography for enhanced security.

How does this network bridge Bitcoin and other token systems?

This network employs specialized mechanisms for bridging Bitcoin and other token systems:

For Bitcoin:

• Uses wrapped Bitcoin for transfers across EVM-compatible networks.
• Implements threshold signature schemes for secure, decentralized transaction signing.
• Utilizes smart contracts to manage all aspects of the transaction process.

For other token systems:

• Preserves and interprets the specific metadata associated with various token types.
• Employs a decentralized token indexer to accurately process transactions.

Comparing this network to other Bitcoin Layer-2 solutions

This next-generation network distinguishes itself from other Bitcoin Layer-2 solutions through several unique features:

1. Adaptive membership and key re-sharing: Regularly changes the group of nodes and re-shares keys for improved security.
2. Decentralized onchain indexers: Implements onchain indexers for improved transparency and direct access to token information.
3. Modular bridging across assets: Tailors the bridging process for each asset type, offering more flexibility for developers.
4. Chain-abstraction for faster transfers: Aggregates multiple transactions into a single UserOperation for more efficient cross-chain transfers.

The final word

This next-generation blockchain network presents a comprehensive solution to common blockchain challenges, particularly in the areas of scalability and cross-chain interoperability. By implementing innovative technologies such as sharding, parallel processing, and asynchronous tokens, it aims to provide a faster, more efficient, and secure blockchain ecosystem. Its modular approach to asset bridging and focus on adaptability position it as a flexible alternative to existing Layer-2 solutions, catering to the evolving needs of developers and community members in the blockchain space as of 2025.

FAQ

What is a bitfinity network?

Bitfinity is a high-performance blockchain network designed for Web3 applications. It offers fast transactions, low fees, and seamless integration with Ethereum, aiming to enhance scalability and user experience in the decentralized ecosystem.

How to add bitfinity to metamask?

To add Bitfinity to MetaMask, click 'Add Network', enter network details: Name 'Bitfinity', RPC URL, Chain ID, Symbol 'BFT', and Explorer URL. Save to connect your wallet to Bitfinity network.