Side-chain, Rollup and Cross Chain
Derivative trading needs higher performance than spot trading. There are two potential solutions: Side-chain and Rollup. Side-chain is the mature solution, having several choices with mainstream consensus like xDai. Rollup has two options, Optimistic-Rollup and ZK-Rollup.
Comparison:
Side-Chain
Optimistic-Rollup
ZK-Rollup
EVM compatiability
Excellent
Excellent
Mediocre
withdrawl speed
1 block confirmation
1~2 week
1~10 minutes
decentralization/safety
Rely on consensus
Excellent
Excellent
Derify protocol choose to start from Side Chains and eventually implement ZK-Rollup.
In phase 1, Derify protocol will focus on implementing key models, features and reliability. We chose xDai side chain, which has decent consensus, as well as fulfilling the needs of low cost, high performance and safe for on-chain assets.
In phase 2, Derify protocol plans to implement complete ZK-Rollup solutions. We will implement all features based on ZK-Rollup, achieve self-reliance without side chains and fully decentralized.
In the future, we will launch Derify protocol on mainstream chains like Polkadot, BSC and HECO, we will also support cross chain transactions.
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