Name : Dymension (DYM)
Consensus Mechanism : Proof of Stake
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Last Screening: Q1 2024
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Overview
Dymension (DYM) is a blockchain network facilitating decentralized applications (DApps). It features RollApps, easily deployable blockchains with pre-defined modules for various DApps. Dymension orchestrates communication among RollApps and ensures network operation. Additionally, it employs Data Availability Networks for secure data storage and Inter-Blockchain Communication for interoperability. DYM token powers the network, incentivizing validators and liquidity provision. Development tools streamline RollApp creation, while a dispute resolution mechanism enhances network security.
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