Project Name: Redot
Description: Polkadot Re-Staking Layer
Milestones: A total of 3 milestones, currently applying for the 1st milestone
Total Amount: 45,200 USD (DOT 6655.868)converted to DOT at ema7 price: 6.791 USD/DOT as of January 31, 2024
ETD: 10 to 12 weeks
Complete Proposal Link:
A common analogy: We can understand the DA layer as a computer's memory, Polkadot as the CPU, and Redot as the motherboard connecting them.
Blockchain is essentially about running user-submitted data on nodes and achieving consensus among all nodes on the outcome of that data in some way. As the amount of data submitted by users grows, the synchronization of data between nodes becomes increasingly problematic, with some nodes potentially unable to synchronize, leading to inconsistent results between them. We need a mechanism to ensure that this data can be completely downloaded, which is where the data availability (DA) layer comes into play.
In fact, such mechanisms already exist internally in Polkadot, where the Relay Chain first ensures the data availability of the Parachains. Ethereum has established a tightly-coupled DA layer, and Near has also established a data availability layer. Additionally, there are several third-party data availability layers that have been optimized for either cost efficiency or enhanced security.
The Data Availability (DA) layer is one of the most important areas in blockchain in the coming years. It is widely used in both modular blockchains and sovereign blockchains, concepts that are slightly controversial:
Modular Blockchains