3. Solutions
3.1 BTC L2 Scaling
Non-upgradeable Scaling: This approach focuses on utilizing the existing characteristics of Bitcoin to achieve specific types of scaling without making changes to the Bitcoin technology stack. Examples of technologies include RGB and Bitcoin Script. RGB is a scalable and encrypted smart contract system that can run directly on the Lightning Network. Ordinal is implemented using Bitcoin Script to add additional data and assign a unique serial number to each smallest unit of Bitcoin, Satoshis (Sats).
Sidechains: Sidechains create a separate chain and link it to the Bitcoin mainnet through specific cross-chain technologies. Examples include Liquid (Blockstream), Stacks, and Rootstock.
Upgrade-based Scaling: Upgrade-based scaling refers to upgrading the technical architecture or systems of the Bitcoin network. One example is the BIP-300/301 proposed by the LayerTwo Labs team, which introduces a scaling concept called Drivechain that utilizes Rollup for scalability.
One-way Transfer: The one-way transfer scaling solution for Bitcoin is proposed by the Hacash community and the Hacash.com team. It involves irreversibly transferring Bitcoin to a theoretically more decentralized and technologically mature new chain, and then using a layered approach for scalability.
Based on the Hacash chain, there are Layer 1 and Layer 2 payment networks, and the Hacash.com team has also proposed Layer 3 multi-chain scalability infrastructure. Bitcoin can be used for instant payments in Layer 2 and for application scalability in Layer 3. Layer 2 relies on state channels for instant payments, while Layer 3 utilizes multi-rollup and multi-rollup customizable scalability methods.
3.2 Cross-chain Communication for Public Blockchains
LayerZero's operating mechanism is used to deploy a series of smart contracts (Endpoints) on the chain to achieve decentralized cross-chain information services. Endpoints run ultra-light nodes that only provide block headers for specified blocks. In the process of information transmission, LayerZero also utilizes two external services: Oracle and Relayer, which require a subset of nodes and special services for verification support.
3.2.1 Establishing a Complete Liquidity Bridge
Rambox will support the interaction of assets with various programmable public chains through a complete liquidity bridge. The currently preferred supported public chain ecosystems include BTC L2, Move-based ecosystems, EVM ecosystems, etc.
3.2.2 Providing User-Driven Participation Interface
In addition to providing yield aggregation functionality, Rambox will provide users with the possibility to experience and participate in liquidity yield interactions on different chains, but the returns are not guaranteed.
3.2.3 Simplifying Onboarding
Rambox will achieve a lightweight presentation of the entire product through UI/UX design and backend adjustments, aiming to improve user experience while lowering the entry barriers.
3.3 Wallet Aggregation
The release of Rambox Wallet's product, RamX, signifies the official entry into the first channel for storing digital assets, as market activity is closely related to the performance of the digital asset market. Since the arrival of the bull market in the fourth quarter of 2020, both market activity in the digital asset market and the price of Bitcoin have reached new highs. The wallet market has also revived due to the increasing demand for asset storage and transactions.
Centralized exchanges have high transfer fees, and users also face risks such as server downtime, loss of transaction records, fund outflow, and centralized trust risks such as theft. Decentralized exchanges have become a window for many traders to avoid such risk costs. With the maturity of the DeFi industry, wallets have become important entry points for user traffic, providing various trading service products while facilitating the advantages of decentralized trading for user experience.
The financial services provided by various wallets can be mainly divided into two categories:
The first type is where wallet platforms act as intermediaries similar to "banks" and launch fixed-term and current financial products, conducting fundraising activities and asset custodianship for customers.
The second type is where wallets embed browsers in mobile applications to connect with DApps or third-party financial products.
RamX belongs to a combination of the above two types, namely a self-developed financial pledge service.
3.4 Rambox Network
All users holding RAM will be able to participate in the digital technology servers provided by Rambox and become validation nodes. Each validation node participating in management and operation will directly benefit from the total project revenue, and the scale of revenue will be directly proportional to the number of nodes participating in validation.
Furthermore, the role of Rambox Network will replace the treasury, and Rambox Network will completely take over a portion of the revenue from the Rambox platform. Rambox Network will have the following advantages:
3.4.1 Modular Blockchain:
By decomposing the core components of the Layer 1 blockchain, Rambox Network can achieve a 100-fold improvement on a single layer, resulting in a more scalable, composable, and decentralized system.
3.4.2 Cloud Servers:
Decentralized DApps are also evolving from single-chain and isolated consensus layers to modular, application-specific blockchains with shared consensus layers.
3.4.3 EVM Support:
Currently, EVM-based public chains have formed a significant cryptographic ecosystem, playing a crucial role in the entire public chain ecosystem.
3.4.4 Interconnecting Everything:
Rambox Network can utilize universal blockchain messaging for interoperation protocols, making xChain more versatile than ever and further exploring how to expand the user base through xChain.
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