Supernets enable communication among distinct blockchain networks, considerably improving the usefulness of the overall system by enabling the transfe
Supernets enable communication among distinct blockchain networks, considerably improving the usefulness of the overall system by enabling the transfer of assets and data among different blockchains.
Furthermore, shared infrastructure and resources can be made possible by interconnected networks, which can lower costs and boost overall effectiveness. By making assets accessible across numerous networks, they can significantly improve their liquidity, which will raise the assets’ value.
This article will discuss the concept of a supernet, how to implement supernetting, the advantages and disadvantages of supernetting, and how it’s different from a subnet.
What is a supernet?
A supernet, also known as a metanet, is a network of networks that allows interoperability and cross-communication among different blockchain networks. The idea behind a supernet is to create a decentralized network that allows different blockchain platforms to communicate and interact with one another without the need for a centralized intermediary, creating a unified ecosystem. Moreover, the effectiveness and speed of transactions and communications among various blockchains can be significantly increased as a result.
A supernet also has the advantage of facilitating the development of new decentralized services and apps that can combine the strengths of many blockchains. This may create fresh opportunities for development and innovation in the blockchain industry. Cross-chain communication is another feature of supernet that enables chains to connect and transact with one another, increasing the value for users.
Related: What are DApps? Everything there is to know about decentralized applications
How does a supernet work?
To implement a supernet, various protocols and technologies, such as atomic swaps, cross-chain communication protocols and sidechains, are used. These technologies allow different blockchains to communicate and interact with one another and can be thought of as a kind of “bridge” between different networks.
Atomic swaps, sometimes referred to as atomic cross-chain trade, enable cryptocurrency trading without the use of centralized intermediaries. This is accomplished by developing a smart contract on one blockchain that encrypts the assets being traded, unlocks them once the trade is complete, and releases them on the other blockchain. This allows assets to be transferred between blockchains without the need for a centralized exchange.
To enable communication and interaction across several blockchains, cross-chain communication protocols, such as Cosmos and Polkadot, are employed. These protocols enable the exchange of information and assets among many blockchains and the development of decentralized apps that can combine the advantages of various blockchains.
Another technology utilized in a supernet is sidechains. A sidechain is an additional blockchain that is connected to a main blockchain and permits the movement of assets between the two. This allows for greater scalability and privacy, as well as the ability to experiment with new technologies and consensus mechanisms without affecting the main blockchain.
How to supernet a network
A supernet, or network of networks, can be built using a variety of technologies and protocols, and it is a complicated process. Here is a general overview of the steps involved in creating a supernet:
Identify the networks to be connected
The process of building a supernet begins with identifying the various blockchain networks that are to be linked. To facilitate smooth communication and interaction, these networks should have identical protocols and objectives.
Implement atomic swaps
A crucial piece of technology to enable the transfer of assets among various blockchains, atomic swaps allow cross-chain trade among various blockchains.
Develop cross-chain communication protocols
Cross-chain communication protocols, such as Cosmos and other corresponding protocols, must be created to enable communication and interaction across various blockchains. These protocols enable the exchange of information and assets between several blockchains.
Create sidechains
A sidechain is a separate blockchain that runs parallel to a main blockchain and is connected to it through a two-way peg. This means that assets can be transferred from the main blockchain to the sidechain and vice versa. Each sidechain in a supernet has a specialized function, such as providing privacy and scalability or supporting particular assets.
Test and deploy
Once the supernet infrastructure is set up, it’s vital to test it thoroughly before deploying it. This step will help identify and fix any bugs or errors that may exist.
Promotion
The next stage once the supernet is set up is to promote the use of the brand-new infrastructure. Building a developer community, forming alliances with other initiatives, and putting in place rewards for people who join the network can all help achieve this.
The above steps offer a general overview…
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