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RChain multi-shard DEX architecture compared to Osmosis on Cosmos / Agoric IBC #16

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dckc opened this issue Dec 17, 2021 · 0 comments
Open
15 of 44 tasks

RChain multi-shard DEX architecture compared to Osmosis on Cosmos / Agoric IBC #16

dckc opened this issue Dec 17, 2021 · 0 comments

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@dckc
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dckc commented Dec 17, 2021 •
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It's a credible architecture, but I see a number of challenges:

  • RChain catch-up with industry norms
    • mature end-user wallet
    • validators other than the coop
      • technical work
      • business development to get validators operating
  • RChain behavioral types design, implementation, deployment
  • DEX contracts in rholang
    • application of behavioral types for formal verification
  • cross-shard transactions between RChain shards
    • protocol design, implementation
    • business development for cross-shard validators
    • wallet support
  • shards: business development to get credible set of validators going
    • economic protocol design for who gets to be a validator - is it permissionless?
  • bridges
    • protocol design, implementation
    • if bridge is based on a multi-sig: business development to get credible collection of signers
    • if not, light client implementation in rholang for each counter-chain

Meanwhile, based on the multi-chain Cosmos IBC vision developed by Agoric and others, Osmosis (market cap: $6B) already does essentially all of this, except that the DEX "shard" is sequential (4000TPS ceiling) and formal verification is off-chain and only covers layers up to IBC, not the DEX itself:

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@dckc dckc changed the title RChain multi-shard DEX architecture compared to Osmosis on IBC RChain multi-shard DEX architecture compared to Osmosis on Cosmos / Agoric IBC Dec 17, 2021
@SteveHenley SteveHenley pinned this issue Dec 20, 2021
@SteveHenley SteveHenley unpinned this issue Dec 20, 2021
@dckc dckc mentioned this issue Jan 15, 2022
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