MultiversX and the multichain future of HUMAN Protocol
HUMAN Protocol’s technical infrastructure, along with HMT, is being deployed on MultiversX. MultiversX is a high-performance blockchain with a massive capacity to scale. You can learn more about the collaboration in our first blog post about MultiversX. This deployment is one of many we have made; with each new chain comes new possibilities, and in this article we examine how the importance of the multichain approach, and why it can make HUMAN Protocol more efficient and stable.
Did you know, we have been limiting the transactions that can be processed by the HUMAN App? It is not the fault of the blockchain networks currently available. It is simply that demand for HUMAN Protocol usage is enormous. Having too many transactions is a luxury problem. But it is one we need to solve…
Multichain means making a network operate on various different blockchains – both L1s, the mainchains like Polygon and MultiversX, alongside L2s, which are the sidechains of larger chains, such as Skale.
There are many reasons for a multichain approach.
The final point is a nuanced one, but it is a critical one. HUMAN Protocol is designed to always deliver work at the fastest rate, with the lowest cost possible for the Requester. The more networks that are available, the more meaningful and accurate the formula that determines the routing of work becomes. If there is one chain, then the deal that can be given to the Requester is limited by that one chain. If there are five chains, then the Protocol can determine the best price and availability across those chains, and thereby operate a more efficient market. This is of critical importance to the network as a whole.
HUMAN Protocol is already One key consideration here is interoperability. That means ensuring that the tokens, smart contracts, and applications on one chain can interact with another. To have a truly useful mutlichain infrastructure, there must be interoperability.
For example, a particularly large job may need to be distributed across many blockchain networks to facilitate the work at the fastest speed, and lowest cost, possible. Interoperability means that the data of the work completed could, for instance, be shared across those chaoains so that the smart bounty can be updated to pay out he right amounts across the different chains.
The Maintainer Program is designed to facilitate multichain, and has already successfully established maintainers on Skale, Moonbeam, BSC and Polygon. Work to integrate with Solana, Polkadot, Elrond, Neon, Celo, AVAX, and OKX Chain is in progress.
Altogether, MultiversX is one more top-quality addition in our multichain infrastructure. Work continues to integrate more chains and, by doing so, to increase the overall decentralization, efficiency, and quality of the Protocol as a product, both for the Requester, and the Worker alike. Every new chain opens up a new wave of potential. If you want to read more about why we want to achieve true decentralization, make sure to read our blog post about the benefits of decentralization. To stay up to date with the latest from HUMAN, follow us on Twitter or join our Discord.
The HUMAN Protocol Foundation makes no representation, warranty, or undertaking, express or implied, as to the accuracy, reliability, completeness, or reasonableness of the information contained here. Any assumptions, opinions, and estimations expressed constitute the HUMAN Protocol Foundation’s judgment as of the time of publishing and are subject to change without notice. Any projection contained within the information presented here is based on a number of assumptions, and there can be no guarantee that any projected outcomes will be achieved.