Project Overview
Elysium is a new blockchain, retaining the characteristics of EVM compatible chains built on the substrate core framework. Elysium is much more than just an EVM implementation. It is a highly specialised Layer 1 chain that mirrors Ethereum’s Web3 RPC and APIs. Elysium’s relay chain has developed on Substrate, a blockchain-building framework that distils Parity Technologies’ learnings in building Ethereum, Bitcoin, and enterprise blockchains.
The interactions are based on Parachains and processed in parallel, and enable highly scalable systems. Their transactions are spread across chains and allow so many other transactions simultaneously.
Project Requirements
At the time of launch, Vulcan Forged did not have a blockchain or token. As the community grew, we suggested that the NFTs use their native token for trading, selling, and buying, so Vulcan Forged launched its token, PYR(ERC-20). Due to the reliance on third parties for thousands of transactions daily, any issue would affect the whole ecosystem’s reliability and consistency. Furthermore, they needed a solution to control every transaction with a code base structure. In this case, Ethereum could be the best choice, but it has high transaction costs and would be very expensive to maintain.
Consequently, many projects have already shifted to polygon, and we offered them to clone polygon with some of their required customisations. Due to the long generation time and high costs, switching to polygon was not a good decision. Since they are leaders in the metaverse and gaming industries, they wanted to adopt a system that would last for a long time (approximately 10-15 years).
BloxBytes Solutions
As per the client’s requirements, we built an eco-system of high performance, low gas fees, and the latest text tab, i.e., rust. Finding a resource for Rust was difficult, as it was a new technology. Therefore, we have outsourced a resource that has already worked with us, shared the requirements with him, and asked him to develop a Helium and Metamask compatible blockchain. After having follow-up meetings with him, we realised that Rust could not be 100 percent EVM-compatible. It was a major, setback because we are committed to delivering a blockchain that is 100 percent EVM-compatible. Our outsourced team concluded that Elysium (100% EVM compatible) could not use metamask. However, our in-house team was simply learning about Elysium and asked to set up a blockchain on Rust. When our outsourced team delivered the blockchain with limited requirements, we shared it with a team as a model to better understand it.
We discovered the blockchain was created on an outdated version after exploring it. Therefore, it was not EVM compatible. Our team understood that blockchain developed on Rust could be EVM and Metamask compatible. Our in-house resource modified and upgraded it to make it fully compatible, and we wanted to set up the blockchain on the latest text tab.
Moreover, we have set up a database explorer with indexers. The blockchain was now ready, but users could not communicate because they needed a centralised system to retrieve and store data. We then compiled all the process and timeline distribution and shared it with the client since VulcanForged does not only require a blockchain. Elysium provided a platform for the gaming studio to integrate and collaborate with us without prior knowledge of blockchain.
Features of the Platform
Code Base Structure
We provided a code base structure to upgrade the entire project with the latest technology version
100 Percent EVM Compatible
We developed Elysium blockchain that is 100 percent EVM compatible on rust.
Metamask Compatible
It was built on latest technology i.e., rust and compatible on metamask.
SKT System and APIs
We provided SKT system to integrate into their gaming and incorporated the APIs.
Minting Engine
We provided a minted engine for minting the NFTs.
Cloud Wallet
we provided cloud wallet to keep the data transparent.
What’s New
- An Energy-Efficient Protocol - With its next-generation nominated proof-of-stake (NPoS) model, Elysium consumes a small fraction of the energy used by conventional blockchains. In a recent study, Elysium has the lowest carbon footprint among proof-of-stake protocols, using the equivalent of 6.6 US households’ worth of energy per year.
- Smart Contract Languages and Tools - The ability to compile to EVM bytecode using Solidity, Vyper, and anything else that compiles to such code is supported. This means that you can use the same language for your smart contract as you do for your application layer.
- DApps - The Layer2 protocol is built on top of the Ethereum blockchain, so all transactions are secured by Ethereum. It provides fast, low-cost transactions.
Results - This is where BloxBytes comes in
Using our plug-in one-play solution, any gaming community can develop a blockchain without prior knowledge of blockchain development; they need a plug-in pin to incorporate our APIs into their applications to integrate into their blockchain.
