Dear Bitruers,
Today, we are excited to share a new article about Frame!. Be sure to follow Bitrue's Official Twitter and Telegram to stay updated!
Introduction:
The decentralized world of blockchain technology continues to evolve, and one project at the forefront is Frame—an Ethereum Layer 2 (L2) solution designed to propel the adoption of Non-Fungible Tokens (NFTs) across the Ethereum ecosystem. In this article, we'll delve into the key features and concepts that make Frame an exciting addition to the blockchain space.
Understanding Frame's EVM Compatibility:
Frame stands out by being Ethereum Virtual Machine (EVM)-equivalent, providing seamless support for popular Ethereum tooling like MetaMask, Foundry, and Hardhat. This compatibility ensures that developers can deploy existing EVM smart contracts on Frame without any modifications, fostering a smooth transition for those familiar with Ethereum's ecosystem.
NFTs as First-Class Citizens:
Within the Frame ecosystem, NFTs take center stage as first-class citizens. The platform is engineered to optimize NFT-centric operations, offering developers the ability to supercharge their smart contracts with safer and more scalable NFT operations. From delegation to canonical registry reads and writes, Frame aims to streamline the development and interaction processes for NFTs.
Layer 2 Scaling with Frame:
As an Ethereum rollup, Frame operates as a layer 2 scaling solution built on top of Ethereum. Transactions on Frame benefit from cheaper gas fees and faster transaction times while still inheriting the robust security guarantees of the Ethereum mainnet. This scalability is achieved through the core idea of moving computation from Ethereum to the Frame rollup.
Transaction Benefits and Compatibility:
One of Frame's significant advantages lies in its ability to provide users with a familiar environment. Existing Ethereum tooling can be used seamlessly on Frame, allowing users to deploy contracts, interact with wallets, and use Web3 apps just as they would on the Ethereum mainnet. The result is a user-friendly experience with enhanced transaction efficiency.
Palette Protocol for NFT Liquidity:
For creators in the Frame ecosystem, the Palette Protocol takes the spotlight. This protocol simplifies and enforces royalties for NFT liquidity, providing a structured framework for creators to navigate the landscape of NFTs within Frame.
Sequencer Fees and the Frame Creator Fund:
In a unique approach, Frame allocates a portion of sequencer fees to the Frame Creator Fund. While details about this fund are yet to be fully revealed, it introduces an intriguing element of community participation and support for creators within the Frame ecosystem.
Dive into Optimistic Rollup Mechanism:
Frame operates as an optimistic rollup, leveraging "fraud proofs" to determine the validity of withdrawals. This optimistic approach assumes all transactions are valid by default, but any party can submit a fraud proof to challenge the validity of a state transition. The 7-day dispute window provides a safeguard against dishonest parties, ensuring a fair and secure environment.
Rollup Technology - The Nitro Stack:
Frame's robust infrastructure is built using Arbitrum's Nitro stack. Nitro represents the latest iteration of Arbitrum technology, offering a complete optimistic rollup system, sequencer, token bridges, fraud proofs, and more. The EVM compatibility of Nitro allows for a seamless deployment of contracts from the Ethereum mainnet to Frame.
Explore Nitro Stack Documentation:
Developers interested in building on Frame can explore the comprehensive documentation of Arbitrum's Nitro stack available on Github. This valuable resource provides insights into the technology, facilitating a deeper understanding for those aiming to create innovative applications on Frame.
Conclusion:
As the blockchain landscape continues to evolve, Frame emerges as a promising Ethereum Layer 2 solution designed to revolutionize NFT adoption. From its EVM compatibility to NFT-centric optimizations and the utilization of the Nitro stack, Frame presents a compelling case for developers and creators seeking a scalable and efficient environment within the Ethereum ecosystem.