Improved Protection with ECDSA Verification

EigenDA now uses ECDSA authentication, a public-key cryptography based cryptographic technique. This approach provides strong protection against unwanted behavior by verifying user, device, or system identities using elliptic curve encryption. EigenLayer wants to guarantee its service with this additional safeguard while still allowing accessibility for every customer.

Flexible Solutions and Generous Free Tier

With a throughput of up to 768KB each 10-minute window, EigenDA’s present free tier is suitable for high-demand rollups like Base, which runs less than 2 blobs every 10 minutes. EigenDA also gives partners scalable solutions for some high-demand use cases and lets them request more throughput beyond the free tier.

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Interested parties may work with EigenDA to customize their data requirements by means of the partner registration page, therefore enabling a broad spectrum of applications needing high-throughput capabilities. On the mainnet, EigenDA produces synthetic loads of 0.6 MB/sec and reaches peak throughputs of up to 10 MB/sec.

Future Characteristics and Token Distribution Target Points

Designed to be launched at the end of the year, EigenLayer is working on delivering permissionless compensation for blob throughput on EigenDA. High throughput needs will be supported by this ability to reserve bandwidth at a set rate.

The Eigen Foundation has also started the second part of the EIGEN stake decrease, thereby concluding Season 1. Comprising 6.7% of the allotted supply for stake drops, this step of the token distribution plan helps to fully distribute 113 million EIGEN tokens. Regarding the claimed tokens, they will be locked until Q3 2024; however, users can always stake and delegate using the EigenLayer web application.

Since the beginning of April 2024, EigenLayer, which works on the Ethereum mainnet, has received more than $12 billion in deposits. Thus, relying on a greater trust network, the platform opens the opportunities for new PoS solutions excluding the need in separate security mechanisms.

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“To reach this goal, we will adopt a gradual approach that will start now and continue over the next few weeks. This process aims to provide a smooth transition to the developing EigenLayer mainnet.”

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Reasons for Gradual EigenLayer Mainnet Deployment

This incoming mainnet deployment focuses on security and performance. Using this existing step-by-step deployment minimizes the potential risks associated with a full-scale launch, enabling us to minimize the risk.

• Optimizing Performance: The phased approach allows us to measure and optimize network performance. This provides a stable and scalable network as more users and operators join the ecosystem.

We are pleased to present a summary of the exciting stages for the launch of the EigenLayer mainnet. More updates regarding the timing of each stage are expected.

1. Test Network: Before transitioning to the mainnet, we are using a test network to test all changes. Following successful tests in the second phase test network on Goerli, we are moving the EigenLayer test network to Holesky.
2. Web Application and Contract Suspension: Web application and contracts on the mainnet will initially be suspended, which will ensure controlled deployment and facilitate operators joining the network.
3. Gradual Operator Registration: Operators will gradually register with the network, which will enable performance tests and controlled capacity increase.
4. EigenDA Launch: Hyper-scale data availability will be provided with the launch of EigenDA, the first AVS launched on its infrastructure.
5. Completion of Mainnet Launch: The EigenLayer web application will be updated, and deposit and withdrawal functions will be re-enabled.
6. Emergence of the AVS Ecosystem: After the release of EigenDA, a live AVS ecosystem will develop on the EigenLayer mainnet.

EigenLayer sees these developments as an important step for the ecosystem. The upcoming Stage 2, focusing on operators and EigenDA, lays the foundation for expanded participation in the future.

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