Eclipse Challenging the Status Quo in Blockchain with Solana SVM, Ethereum EVM, Cosmos and Celestia
Charting the Next Frontier of Blockchain Scalability: Eclipse Is Seeking to Solve the Blockchain Trilemma
In the intense competition to address the scalability trilemma challenge, Solana, Ethereum, and their respective ecosystems are frequently positioned as exclusive solutions pitted against one another.
Eclipse: Bridging Solana, Ethereum, and Modular Innovation in Blockchain Scaling
However, there is room for a different perspective. On the Bell Curve podcast, Michael Ippolito, co-founder of Blockworks, provides insights into the recently unveiled Eclipse architecture. This rollup technology combines the rapid execution of Solana, the secure settlement of Ethereum, Risc Zero proofs, and Celestia data availability, adopting a collaborative approach to scaling that aims to offer the best features from multiple worlds.
Ippolito highlights some key advantages of the Solana Virtual Machine (SVM) over Ethereum, aside from the network effects. He specifically emphasizes the SVM's capability for parallel execution, noting that the Ethereum Virtual Machine (EVM) is limited by a single-thread processor, hindering its scalability.
According to Ippolito, Eclipse not only achieves fast execution and cost-effective data availability but also integrates with Ethereum by settling transactions using ETH as the gas token. This amalgamation represents an intriguing fusion of various ecosystems.
Additionally, Blockworks co-founder Jason Yanowitz discusses Neon, an EVM operating on Solana, which enhances compatibility between Ethereum and Solana. Deploying EVM smart contracts on Eclipse becomes seamless with Neon.
Yanowitz applauds Eclipse for being the first fully modular setup that brings together diverse providers effectively.
Eclipse vs. Solana: The Battle for Scalability and Developer Talent
Ippolito also points out certain limitations of Ethereum's primary chain, such as its relatively low throughput and high gas costs, particularly when there is heavy activity, like NFT minting. He suggests two potential solutions: implementing a rollup for each application as per the "OP stack" approach or adopting Solana's strategy of creating local fee markets and enabling parallel processing while keeping everything on a single settlement layer and chain.
Ippolito expresses skepticism about the extent to which upcoming sharding upgrades will reduce costs on Ethereum, especially for canonical rollups still relying on Ethereum for data availability. He believes that solutions like Eclipse are necessary to address this challenge effectively.
He commends Eclipse founder Neel Somani for the clever modular design of Eclipse and suggests that the success of the project will depend on his business development efforts in recruiting developers.
Ippolito predicts that Somani may face competition from Solana in attracting Rust developers to work on Eclipse applications, given the language's relevance in this context.
In the competitive world of blockchain technology, it appears that the rivalry between Solana and Eclipse will continue to thrive. Eclipse plans to utilize Solana's tech stack for its imminent mainnet launch, marking a significant development in the Ethereum layer-2 network project's roadmap.
Neel Somani, asserts that all layer-2 solutions, including validiums, optimiums, and zk-rollups, should be viewed as "modular blockchains" since they separate execution from settlement. Eclipse's execution layer will utilize SVM, offering parallel execution capabilities that can process more transactions at a lower cost.
Eclipse's choice of Risc Zero for proving and Ethereum for settlement leverages the security properties of Ethereum for transaction validation. Data availability (DA) is sourced from Celestia, a unique solution that employs Data Availability Sampling (DAS) instead of a Data Availability Committee (DAC), reducing trust assumptions.
The shift away from Ethereum's single-threaded EVM is seen as essential for scalability, with apps turning to app-specific rollups to overcome limitations in parallelism and local fee markets. In the ever-evolving blockchain landscape, Eclipse emerges as a potential game-changer, challenging the status quo and offering a promising path forward for blockchain scalability.
Veronica Buron, institutional BD for Ecliplse, stated in the Cosmos Club Twitter space session, that “ this is huge for the way we think of the future of finance. We are still in an exploratory phase when it comes to crypto and I think that this gives kind of a blank slate to explore more synergies.”