This blockchain platform is thoughtfully designed to function as a settlement layer for conventional finance alongside digital dollar ecosystems. by The team has disclosed its technical specifications along with a development roadmap. The primary focus of the network is on performance, security, and user-friendliness to facilitate the flow of institutional capital and conduct extensive financial transactions on the blockchain.

The platform boasts a highly efficient Ethereum Virtual Machine (EVM) environment that can achieve block times of 100 milliseconds and operate at considerable throughput levels. The envisioned upgrades are expected to enhance this throughput to a staggering one gigagas per second, prepared to accommodate vast amounts of tokenized assets and tangible financial instruments. The backbone of this architecture will be a unique validator network known as the Converge Validator Network (CVN), crafted to offer elevated security measures that align with the demands of institutional compliance and risk management.

Converge is also making user-friendly transactions a priority, enabling the use of stablecoins such as USDe and USDtb for gas fees. This thoughtful design intends to streamline the user experience and better connect on-chain activities with familiar financial tools and practices. Alisa Davidson The technical launch of Converge will be backed by collaborations with Arbitrum—a Layer 2 scalability solution for Ethereum—and Celestia, which is a modular data availability network. The sequencing setup will be driven by a tailored version of Conduit’s G2 sequencer, built upon Arbitrum, ensuring high efficiency from day one. At the onset, Converge is projected to achieve 100ms block times and a peak throughput of 100 million gas per second, with advancements like mini-block streaming and multi-threaded sequencer execution anticipated to amplify performance significantly.

Crucially, data availability will be managed via Converge’s unique infrastructure, which will help maintain remarkably low transaction costs—even for transactions laden with data. The project's outline suggests that these costs may stay below one cent per transaction.

The wider ecosystem surrounding Converge is already gaining momentum. With backing from the DeFi protocol Ethena and the asset tokenization company Securitize, the platform is positioning itself as a serious contender in large-scale blockchain financial applications. The team posits that this strong foundation, combined with a technical and institutional focus, equips Converge to potentially serve as a foundational infrastructure layer for the future of decentralized and real-world asset finance. April 25, 2025 Announcing Converge's technical specifications and roadmap:

The platform will present a highly capable EVM, enhanced with security features through an innovative validator network, optimizing for the onboarding of billions in institutional funding.

Converge is dedicated to improving the user and developer experience by incorporating stablecoin gas, account abstraction, and cross-chain interoperability.

With a strong focus on enhancing usability for both developers and end-users, Converge is implementing several technical strategies aimed at reducing the friction often experienced in user interactions and smart contract deployment processes.

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A standout aspect is the adoption of stablecoins—namely USDe and USDtb—as gas tokens. This strategy allows users to anticipate and manage transaction fees in stable, dollar-pegged units, rather than relying on fluctuating native currencies. Furthermore, the chain will accommodate account abstraction standards like ERC-7702, designed to simplify wallet functions and eliminate common issues, such as the need for pre-approvals for ERC-20 tokens and complicated gas fee management. This approach reduces barriers for novice users and enables developers to create more user-friendly applications.

Converge's goal also includes facilitating the seamless onboarding of funds and users across different blockchain ecosystems. Through collaborations with interoperability service providers, the platform will allow the effortless transfer of assets, including Ethena’s USDe stablecoin, Tether’s USDtb, RWAs issued by Securitize, and various tokenized assets across major networks like Ethereum, Solana, several EVM-compatible Layer 2 environments, and centralized exchanges. This strategy for cross-chain compatibility is designed to encourage broad adoption while leveraging existing liquidity in the Web3 ecosystem.

Regarding security and governance, Converge is implementing the Converge Validator Network (CVN), a dedicated validator layer meant to uphold integrity and ensure compliance in an environment tailored for institutional-level financial operations. The CVN will utilize Ethena’s ENA governance token for staking and will provide security features that go beyond those commonly offered by standard validator groups. In addition to focusing on consensus and data availability, the CVN is constructed to address the coordination and regulatory compliance demands associated with real-world financial assets, striving to maintain security without compromising decentralization and continuous network activity.

Importantly, no new native token will be created for these functionalities, reinforcing a commitment to simplicity and better integration with current asset ecosystems.

In terms of accessibility, Converge will default to a permissionless model. Both users and developers will have the freedom to bridge assets like USDe, interact with decentralized apps, and deploy smart contracts without gatekeeping barriers. However, specific permissioning measures may be adopted on an individual basis for select applications—especially those concerned with RWAs or regulatory compliance functionalities. These measures will restrict access or functionalities to whitelisted entities where necessary, enabling developers to fulfill regulatory obligations without constraining the overall openness of the network.

Please be advised that the information on this page is not intended as legal, tax, financial, or any other form of advice. It's crucial to invest only what you can afford to lose and seek independent financial counsel if you're uncertain. We recommend consulting the terms and conditions as well as the support pages provided by the issuer or advertiser for further details. MetaversePost is dedicated to delivering accurate and unbiased news, however, market conditions can change without warning.

Alisa, a committed journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the broader Web3 arena. With a sharp awareness of emerging trends and technologies, she provides in-depth coverage to keep readers informed and engaged in the rapidly shifting landscape of digital finance.