Eclipse is a new Ethereum layer 2 scaling solution that uses Solana Virtual Machine (SVM). It enables secure scalability by using Celestia for data availability and RISC Zero for zero-knowledge proofs.
What is Eclipse
Here’s a breakdown of its key features:
- Settlement: Eclipse will connect to Ethereum for security. It uses a bridge to ensure transactions are valid. All transactions are checked by Ethereum, adding a layer of security. You’ll use ETH to pay for transactions.
- Execution: Eclipse uses Solana Virtual Machine (SVM) to run transactions quickly. SVM allows many transactions to happen at once. This is better than the single-threaded method used by Ethereum’s EVM. The SVM’s design helps it handle more transactions as computer hardware improves. This means lower costs and faster transaction times for you.
- Data Availability: Eclipse stores its data on Celestia. This system makes sure data is available and easy to access. Celestia’s design allows for more data to be handled, making Eclipse more scalable. This means more transactions can be processed without slowing down.
- Proving: Eclipse uses RISC Zero for creating proof that transactions are correct. This method is efficient and avoids complex steps, making it faster. It ensures that even without traditional state checks, transactions are still secure.
In summary, Eclipse combines these technologies to offer a secure, fast, and scalable solution for Ethereum users. It uses ETH for transactions but plans to support other tokens soon. It also aims to be user-friendly by supporting tools like MetaMask and Solana wallets. Eclipse is designed to grow with new technologies, making it a strong choice for future blockchain applications.
Team of Eclipse
Funding of Eclipse
$50,000,000
Series A
Led by Polychain Capital, Placeholder Ventures, and Hack VC. Other investors include: Delphi Digital, Fenbushi Capital, Maven 11 Capital and DBA.
$6,000,000
Pre-Seed Round
Led by Polychain Capital. Other investors include: Polygon Ventures, Tribe Capital, Accel, Galileo, The House Fund, Tabiya.
$9,000,000
Seed Round
Led by Tribe Capital and Tabiya. Other investors include: Infinity Ventures Crypto, CoinList, Struck Capital and Soma Capital.
Eclipse review
Pros
Fast and Efficient Execution
Eclipse uses Solana's SVM, boosting transaction speed and reducing wait times.
Enhanced Security
It settles on Ethereum, ensuring strong security. The validating bridge checks all transactions for validity.
Scalable Data Availability
Eclipse enhances its scalability by using Celestia to manage data, which allows it to handle more transactions quickly and efficiently. Celestia's ability to process large data blocks (up to 8 MB) ensures high throughput and improves overall network performance.
Advanced Proving Mechanisms
Traditional Zero Knowledge Proofs are expensive to create. So, Eclipse uses RISC Zero for this process. The platform enhances scalability by avoiding extra data processing.
Ethereum Ecosystem Integration
Eclipse supports Ethereum assets and uses ETH for fees, keeping strong ties with Ethereum's DeFi and NFT markets.
Fee Market Innovations
Local fee markets allow adjusting transaction fees based on demand from individual applications. This prevents any single app from unfairly raising fees for the entire network. It leads to a fairer distribution of fees across different applications.
Compatibility and Onboarding
It offers EVM compatibility via Neon EVM and supports tools like MetaMask Snaps, making it easy for Ethereum users to join.
Cons
Complex Technology Stack
Combining SVM, Celestia, and RISC Zero might create vulnerabilities or compatibility problems.
Unproven Aspects
Features like local fee markets and Celestia's data availability are new and not fully tested at scale.
Dependence on External Platforms
Eclipse relies on Celestia for data, risking issues if Celestia faces security or performance problems.
Ethereum Network Congestion
Settlement on Ethereum might suffer from its scalability limits and fee volatility, affecting transaction finality.
Regulatory and Security Risks
Integrating multiple blockchains and new tech could lead to more regulatory scrutiny and security issues, especially with cross-chain assets.
Opportunities
AirdropMainnet
Minimal cost: ~30 USD
Eclipse
Participate in Eclipse, which combines Ethereum and Solana and get a chance for a potential airdrop!