Hassan Maishera
Somnia, the high-performance EVM-compatible Layer 1 optimized for entire worlds’ data fully onchain, announced on Friday, October 25th, that it has published an updated version of its litepaper.
In a press release shared with Cryptowisser, Somnia said the document shares details about the project’s key innovations, including the new Multistream consensus model. Per the team, the Multistream consensus will enable Somnia to support 400,000 transactions per second with sub-second block finality, designed to support the next generation of mass-consumer applications.
Somnia is launching its ecosystem grant program of $10 million, which will help connect promising developers with leading Web3 investors, including Mirana Ventures, Spartan Capital, and CMT Digital.
The program is set to support builders creating large-scale, real-time applications in gaming, social platforms, metaverses, and other fields.
The new Somnia litepaper contains the architecture that will enable its high throughput and performance while maintaining a high degree of decentralization. The team added that the new design includes advanced compression techniques that allow Somnia to move data between nodes up to 20 times more efficiently than other blockchains. The Multistream consensus algorithm helps the blockchain achieve sub-second block finality.
Somina added that the blockchain also has a custom-built database, ICEdb, which enables average read/write times of 70-100 nanoseconds. The blockchain is optimized for single-thread Sequential Execution, which outperforms traditional parallel models, especially in times of high transaction density.
The Somnia litepaper explains the benefits to developers deploying games and social applications on a scalable blockchain that can host high volume dapps while maintaining an ultra-low fee environment.
Virtual Society Foundation, an independent organization initiated by Improbable, a British startup, is the developer of the Somnia blockchain. The Virtual Society Foundation secured initial funding from MSquared, which raised $150 million in 2022.
The Somnia team has partnered with Yuga Labs, giving holders of Kodas, Otherdeed Expanded, Bored Ape Yacht Club, and Mutant Ape Yacht Club NFTs new utility for their digital collectibles.
Somnia’s L1 launch will enable NFT holders to experience games and interoperable virtual experiences fully on-chain. NFT avatars can be used within MSquared virtual experiences, like the official MLB virtual ballpark, and concerts with the Kpop musicians like TWICE on Kosmopop.
Furthermore, Somnia has developed Dream Builder, a set of tools that allow users to bring their creative visions to life, from turning 3D files into interoperable metaversal objects to building immersive worlds and game-like experiences.
According to the team, Somnia’s high-performance blockchain can also improve trading by enabling the creation of on-chain Limit Order Books, giving users the experience of a centralized exchange with the security guarantees of a decentralized blockchain, making it attractive for DeFi applications.
Somnia is the fastest and most cost-efficient EVM Layer 1 blockchain, processing over 400k transactions per second with sub-second finality. Its new Multistream Consensus enables sub-second block finality and higher transaction throughput. A new custom database, IceDB, enables read/write times of 70-100 nanoseconds, minimizing transaction costs to below a cent. This makes it the perfect platform for building large-scale, real-time applications in gaming, metaverses, live event data, finance, and more, for millions of users.
