This article was first published on Komodo
Blockchain sovereignty is a relatively new concept in the industry. Today, most projects are built on top of a large blockchain like Ethereum, and do not use a separate chain. Despite many shortcomings, this approach has been the easiest way to build a blockchain-based project for years. However, the landscape is changing. With the rise of multi-chain platforms, sovereignty will become an important issue.
Ideally, a blockchain should be sovereign both in terms of its technology and its economic model. It has to be able to fully function without relying on a main chain or external validators, while maintaining security and interoperability. It also needs to be independent from the token or coin of the larger ecosystem. These ideals are very hard to achieve, especially in a public, permissionless environment.
Antara Smart Chains do not need to connect to a main chain to operate and they are fully independent in their economic model. Komodo is the first to offer fully sovereign blockchains to all projects building on the platform. To understand the significance of this, we should take a look at the technological constraints and the flawed economic models other projects failed to overcome.
Overcoming the technological constraints
Solving the security problem
In a permissionless environment, decentralization and security go hand-in-hand. A project using a fully sovereign blockchain is initially vulnerable because of the small number of nodes maintaining the chain.
For this reason, many blockchain projects started building on Ethereum instead of creating their own blockchain. An established chain like Ethereum provides immediate security. Many multi-chain platforms offer a similar model: application-specific chains are connected to and secured by a relay chain.
Komodo views this approach as a “bug” rather than a “feature.” Multi-chain platforms simply can’t offer sovereign chains because without the added security of a relay ...
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