Somnia Launches Revised Litepaper Featuring Multistream Consensus Model
In Brief
Somnia has unveiled a new version of its litepaper, highlighting some significant advancements, one of which includes the revolutionary Multistream consensus model.
A high-performance Layer 1 blockchain compatible with EVM, Somnia has issued an enhanced version of its litepaper. This updated document presents the project's innovative features, including the cutting-edge Multistream consensus model.
The Multistream consensus allows Somnia to handle an incredible 400,000 transactions per second with block finality in less than a second, making it ideal for next-gen applications aimed at mass markets. In addition, Somnia is rolling out a $10 million grant initiative to link developers with Web3 investors like Mirana Ventures Spartan Capital and CMT Digital. This initiative is designed to support developers focused on creating large-scale, real-time applications across diverse industries, including gaming, social networks, and metaverses.
The revised litepaper goes into detail about the architecture that empowers Somnia's exceptional throughput and performance while maintaining a high degree of decentralization. It notably incorporates sophisticated compression methods that improve data transfer efficiency between nodes by up to 20 times compared to its competitors, along with the Multistream consensus protocol that allows for sub-second block finality. Somnia Somnia also features a proprietary database known as ICEdb, which boasts average read/write times as fast as 70-100 nanoseconds. Additionally, the blockchain is optimized for single-thread sequential execution, outperforming traditional parallel processing particularly under heavy transaction loads.
The litepaper highlights the benefits for developers creating games and social applications on a scalable blockchain that can support high-volume decentralized applications (dApps) while keeping transaction costs extremely low.
What Is Somnia?
This initiative is being driven by the Virtual Society Foundation, an independent entity founded by Improbable, a UK-based startup that has spent over ten years developing virtual worlds. The Virtual Society Foundation initially secured funding from MSquared, which managed to raise $150 million in 2022.
It has formed partnerships with Yuga Labs This development brings fresh utility for NFT holders who possess tokens from collections like Kodas, Otherdeed Expanded, Bored Ape Yacht Club, and Mutant Ape Yacht Club. The launch of Somnia's Layer 1 network allows these NFT enthusiasts to engage fully with games and interconnected virtual scenarios on-chain. NFT avatars can be utilized within MSquared's virtual platform experiences, including MLB’s official virtual ballpark and concerts featuring K-pop groups like TWICE on Kosmopop. Moreover, Somnia has launched Dream Builder, a toolkit that empowers users to bring their creative ideas to life, enabling the transformation of 3D files into compatible metaversal objects and the creation of immersive worlds and game-like environments.
Thanks to the advanced capabilities of the Somnia blockchain, much of the logic that currently operates off-chain can be transitioned to on-chain settings. This transition is particularly crucial for games, social media platforms, and other applications aimed at a broad consumer base. Furthermore, Somnia’s high-performance blockchain optimizes trading processes by enabling on-chain limit order books, thereby providing users with an experience similar to a centralized exchange (CEX) while ensuring the security inherent in decentralized blockchains. This factor makes it an enticing choice for decentralized finance (DeFi) projects.
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