Home web3.0 What is the EigenDA token? Detailed explanation of the value of EigenDA in Ethereum

What is the EigenDA token? Detailed explanation of the value of EigenDA in Ethereum

Apr 14, 2024 am 09:19 AM
Ethereum

What is EigenDA? What benefits will the EigenDA token’s official launch on the mainnet bring to Ethereum? EigenDA is a secure, high-throughput, decentralized data availability (DA) service on Ethereum using the EigenLayer re-staking primitive. EigenDA, developed by EigenLabs, will be the first Active Verification Service (AVS) launched on EigenLayer. Once launched, restaker will be able to delegate pledges to node operators who perform EigenDA verification tasks to earn service fees, and rollups will be able to publish data to EigenDA, obtaining lower transaction costs, higher transaction throughput, and the entire EigenLayer ecosystem The system’s secure composability, security, and throughput are designed to scale horizontally with the number of re-stakers and operators chosen to serve the protocol. Today, this site will introduce EigenDA to you in detail!

What is the EigenDA token? Detailed explanation of the value of EigenDA in Ethereum

#You can further dismantle this cycle through the following steps of brainstorming.

  • EigenLayer can first gradually accumulate huge value through countless re-pledged user deposits;
  • Then, the verification node can use these huge values ​​to build a more secure High verification system (Odaily Note: In PoS perspective mode, the larger the value scale, the stronger the consensus). These so-called verification systems are AVS, which can be used to help various types of oracles, cross-chain bridges, rollups, etc. Downstream projects implement more secure verification services;
  • From a client perspective, various applications will no longer need to waste time and effort in building a weak verification network (Odaily Note: For example, some cross-chain Bridge currently has a huge amount of TVL locked, but the verification system relies on the operation of the project's small market value tokens). Instead, it can use EigenLayer's AVS conveniently and efficiently, thereby directly enjoying a more secure verification system;
  • In turn, re-staking users and verification nodes will continue to make profits from customers’ paid rentals.

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