Public Web3 blockchain Cube Chain announced on Monday the launch of its Cube mainnet — the end product of Cube Chain’s publicly accessible blockchain project.
Cube Chain is a new, modular and permissionless blockchain designed from multichain architecture. Similar to various public chains such as Ethereum and Polkadot, Cube Chain is committed to resolving the blockchain’s trilemma — a widely held belief that decentralized networks can only provide two out of three benefits at any given time with respect to decentralization, security and scalability.
The popularity of large-scale applications of blockchain technologies — such as GameFi, decentralized finance (DeFi) and nonfungible tokens (NFTs) — has fueled a market need for public chains encompassing high performance and advanced security while maintaining scalability.
Cube Chain intends to fulfill all three criteria while catering to market demand, and an early public reception contains strong success indicators. Since its testnet — i.e., a blockchain used for testing and experimentation — launched on May 25, transaction volumes have exceeded 1.7 million, and the total number of addresses has exceeded 134,000.
A slew of next-generation features is establishing Cube Chain to solve the blockchain trilemma and meet the needs of the blockchain market.
The key architecture behind Cube Chain splits the blockchain’s functions to optimize performance, security and scalability. Cube Chain is designed with an execution layer for transactions by using the ZK rollup-based Validium solution and a self-developed collaborative-rollup solution as the system’s execution engine.
Consensus-wise, Cube Chain uses a settlement layer that’s fully compatible with Ethereum Virtual Machine (EVM) and Ethereum protocols, introducing a high-performance consensus protocol that supports large-scale node participation. Regarding raw data storage for transactions, Cube Chain has a data-availability layer that implements block data-sharding and -sampling validation schemes to provide efficient, reliable storage services.
For rollup- and NFT-focused applications, it’s no longer necessary to rely on external storage solutions, as the processing logic and data are fully managed. Cube Chain has developed a decentralized cross-chain communication protocol called Time Crossing that supports cross-chain DeFi contract calls and is compatible with the Cosmos Inter-Blockchain Communication protocol.
The leading crypto exchange Huobi Global listed the CUBE token on Primelist at 1 pm UTC today. Primelist is a new token-listing platform on Huobi Global that showcases high-quality tokens. With it, participants stand a chance to buy CUBE tokens at low prices and trade them when the event ends.
“The mainnet launch signals an important milestone in Cube Chain construction. Moving forward, Cube Chain will continue to develop and maintain its chain with a more modest attitude and a more dedicated spirit,” said Jake Stolarski, CEO of Cube. “Active ecology is also the focus of Cube’s future construction, and we hope more users, assets and projects can be better developed on Cube Chain.”
About Cube Chain
Cube Chain is a high-performance, scalable and modular layer-1 public chain capable of supporting multichain and cross-chain architecture. Compatible with EVM and Cosmos ecosystems, Cube Chain is committed to developing decentralized cross-chain protocols and Web3 infrastructure for the next-generation multichain experience.
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