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Vara Launches Mainnet on Gear Protocol With Support of Gavin Wood

Daniela Kirova
Daniela Kirova
Daniela Kirova
Author:
Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.
September 20th, 2023
  • Gear Protocol incorporates innovative concepts like Actor Model and Persistent Memory
  • Vara resolves the historical issue of limited transaction throughput and slow processing

The Vara Mainnet, an innovative stand-alone layer-1 decentralized network built on the robust Gear Protocol, has announced its launch, Bankless Times learned from a press release. Vara received its first investment from Polkadot creator Gavin Wood.

Easy transition from Web2 to Web3

Web2 primarily relies on centralized infrastructure and traditional programming languages, while Web3 is decentralized and employs blockchain technology.

Vara aims to simplify this transition significantly. With the help of Gear Protocol, which incorporates innovative concepts like the Actor Model and Persistent Memory, Vara provides a more user-friendly and developer-centric environment, empowering its users to extract the best of Web3 technology.

Resolving limited transactions throughput

Vara resolves the historical issue of limited transaction throughput and slow processing. Developers can build the games directly on the blockchain, which eliminates the reliance on traditional backend servers, transforming the gaming experience.

Unlike blockchains using shared states, where multiple smart contracts compete for the same resources, Vara assigns individual memory spaces to each smart contract. This separation prevents congestion and delays caused by resource conflicts.

Overcoming delays in financial dApps

The same attributes powering smooth gameplay will feature in financial applications for rapid transaction processing. Like the on-chain gaming applications, there’s no requirement for a backend service, leading to faster transactions. With smart contract communication, creative developers can implement novel financial solutions through the network.

Vara’s technical design optimizes resource allocation, minimizes conflicts, and maximizes parallelism. This ensures transactions and smart contract executions occur swiftly, resulting in a blockchain experience free from delays.

Robust infrastructure

The robust infrastructure ensures prompt responses, ensuring financial transactions occur seamlessly. Vara also caters to experimental use cases, such as asset tokenization and managing supply chains, offering robust and adaptable solutions for the future of finance and Web3 adoption.

Pavel Salas, Chief Ecosystem Officer at Gear Foundation, commented:

With a robust foundation on Gear Protocol, developers are experiencing the freedom of creating and deploying dApps without stifling restrictions. What a thrill it’s been witnessing the Vara community bring this innovation to the forefront of the blockchain ecosystem.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.