Why Use Interstate?
Our goal is to make Ethereum the fastest and most scalable execution platform
Our network introduces ideas from Solana into Ethereum such as single-leader confirmation, and commitments, to make Ethereum as performant as Solana while being more decentralized.
While Ethereum is the most decentralized smart contract platform. Ethereum suffers from critical problems:
- Transactions Take Too Long To Confirm
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Ethereum transactions take 12 seconds to confirm and around 15 confirmations to finalize. This requires the user to wait 12 seconds to get their first receipt and around a minute to see funds in their wallet.
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We see a future where preconfirmations allow users to get an instant confirmation in their wallets, combined with Single Slot Finality, to enable multiple
- Apps need to leave the L1 and become L2s to value capture
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App specific sequencing enabled borrowing sequencing rights from the validator will allow app-specific based rollups. This is a type of rollup where the app remains sequenced and validated by the L1.
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Leading L2s make 100M in fees while providing net $10/day in DA fees (as of writing). This takes value away from Ethereum token, we fix this value capture issue by reintroducing transactions to the base L1.
- L2s decentralizatin and interoperability
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Apps launched on interstate network are inherently decentralized and fully composable, allowing them to interact with L1 and L2 state, while fully borrowing L1 security gurantees.
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This is possible using a based rollup architecture similar to Taiko