Sidechains
Another technique to address the scalability problem is a technique that leverages the principles of sidechains and shared sequencers to distribute the computational load across multiple independent blockchains while maintaining interoperability through a shared sequencer on the Hokum hub.
How Sidechains Works
Sidechains Creation: Independent sidechains are created, each catering to specific applications or use cases. These sidechains operate independently, allowing for customization and optimization tailored to their specific needs.
Shared Sequencer on Hokum Hub: A shared sequencer on the Hokum hub is responsible for sequencing transaction data across all the sidechains. This shared sequencer leverages a single technology stack to interpret transactions on multiple sidechains and roll them up to the Hokum Hub chain. This approach is economically viable as it allows multiple sidechains with similar transaction processing mechanisms to share the same sequencing infrastructure, reducing operational costs and complexity.
Interoperability: The sidechains are interoperable, meaning they can exchange information and assets with each other. This interoperability is facilitated by the shared sequencer on the Hokum hub, which ensures that transactions and state changes across the sidechains are recognized and validated by the main chain (Layer 1).
Benefits
Increased Transaction Throughput: By distributing the computational load across multiple sidechains, the network can process a significantly higher number of transactions per second, addressing the scalability bottleneck.
Lower Transaction Fees: The reduced load on the main chain leads to lower transaction fees, making blockchain technology more accessible for a wider range of applications.
Improved Transaction Times: Faster transaction times are achieved as the network can process transactions more efficiently, enhancing the user experience for dApps and blockchain-based services.
Maintained Decentralization and Security: Despite the use of a shared sequencer, the main chain retains its role in ensuring the network's security and decentralization. This approach maintains the integrity of the blockchain while improving scalability.
Enhanced Interoperability: The shared sequencer on the Hokum hub facilitates interoperability between the sidechains, allowing for the exchange of assets and information across different blockchain ecosystems.
Reselling Hokum Infrastructure
Sidechains allowing infrastructure provider companies to resell Hokum technology to game studios for a marginal profit introduces a unique business model that can significantly impact the ecosystem's stability and growth. This model not only provides a stable revenue source for the infrastructure providers but also serves as an invitation for more gaming studios to join the Hokum ecosystem, thereby expanding its utility and adoption.
Stable Revenue Source
Reselling Hokum Technology: By reselling Hokum technology to game studios, infrastructure providers can generate a steady stream of revenue. This revenue model is based on the licensing or subscription fees that game studios pay to use the Hokum technology for their blockchain-based games or applications. This approach ensures that infrastructure providers have a predictable and recurring source of income, which is crucial for maintaining the infrastructure and ensuring its reliability and security.
Marginal Profit: The reselling of Hokum technology to game studios is done at a marginal profit. This means that while the infrastructure providers earn revenue from these transactions, the cost of providing the technology and maintaining the infrastructure is covered, with any additional revenue being considered profit. This model incentivizes infrastructure providers to offer high-quality services and support to their clients, as they have a vested interest in the success and satisfaction of the game studios.
Inviting More Gaming Studios
Ecosystem Expansion: By offering Hokum technology to game studios, the infrastructure providers are effectively inviting more entities to join the Hokum ecosystem. This expansion can lead to a more vibrant and diverse ecosystem, with a wider range of applications and use cases being developed and deployed on the Hokum platform.
Increased Adoption: As more game studios join the Hokum ecosystem, the platform's adoption rate increases. This increased adoption can lead to higher network usage, which in turn can drive further innovation and development within the ecosystem. It also supports the scalability and security of the platform, as the network's capacity to handle transactions and maintain its state grows.
Enhanced Ecosystem Value: The addition of more game studios to the Hokum ecosystem can enhance the overall value of the platform. This is because the platform becomes a more attractive destination for developers and users, offering a wider range of games and applications. This increased value can attract further investment and support from the community, further strengthening the ecosystem.
In summary, the ability of infrastructure provider companies to resell Hokum technology to game studios for a marginal profit not only provides a stable revenue source but also serves as a strategic move to invite more entities into the Hokum ecosystem. This approach supports the growth and stability of the ecosystem, encouraging further innovation and adoption, and ultimately enhancing the value of the platform for all participants.
Last updated