Pantera Partner: Understand Lumio, which connects Ethereum and Aptos ecosystems

Author: Paul Veradittakit, Partner of Pantera Capital; Translation: Golden Finance xiaozou

1, Foreword

Growing demand requires more scalability , more efficient solutions to promote rapid innovation and development in the blockchain field. In this dynamic and ever-changing environment, Lumio emerges as a particularly noteworthy innovative solution to Ethereum’s scalability and virtual machine (VM) diversity. Lumio is a groundbreaking integration of two of the most important blockchain components in the industry: Ethereum settlement and a VM execution alternative starting with Aptos Move VM. Known in the blockchain world for its reliability, decentralized nature, deep liquidity, and widespread adoption, Ethereum brings a proven and robust infrastructure to the table. Rust-based alternative virtual machines like Move VM are purpose-built for safely and efficiently executing transactions in parallel. Lumio will integrate Ethereum settlement with alternative virtual machines such as Move VM, giving developers the option to use an alternative to the EVM while maintaining composability with popular L2 ecosystems such as Optimism, Arbitrum and ZkSync.

The Lumio team is studying the integration of another alternative VM, that is, the Solana VM (SVM), which also brings the static type safety and parallelism of the Rust-based VM, but for users it is Not as friendly as Move. This is best illustrated by the process of “chewing glass” that Solana developers must go through before they can start building on Solana. Move VM is similar to Solidity and looks more like a typescript language, which enables developers to assemble business logic for smart contracts more intuitively. Move VM has the added benefit of having a native prover for formal verification, so developers don't need to cobble together solutions to avoid problems like overflow errors, which can be costly and costly. The $50 million KyberSwap hack is an example of this. As developers describe it, the main benefit of Solana VM is that developers have more freedom to build their applications, and Solana has a thriving application ecosystem.

Aptos is the lead maintainer of Move VM, recognized for its cutting-edge technology and potential to redefine blockchain performance and scalability. Lumio is a protocol that implements Move VM on a modular L2 framework such as OP Stack. It bridges the functionality of both worlds, providing a unique solution that combines the best of both worlds - the liveliness of Ethereum and Widely adopted, Aptos Move VM's innovative technology and potential.

2, LumioIntroduction

Lumio stands out as a pioneer in the optimistic rollup protocol (L2), which uniquely combines Functional replacement for parallel virtual machines integrated into Ethereum’s most popular L2 ecosystem. At its core, an optimistic rollup aims to solve one of the crypto world’s most pressing issues: scalability. By aggregating many off-chain transactions into a transaction package and publishing it on-chain, optimistic rollup greatly reduces the pressure on the main chain (L1). This approach not only speeds up transaction processing but also significantly reduces associated costs, thereby increasing the utility and accessibility of blockchain technology across a wider range of applications and use cases. Popular L2 ecosystems like Optimism are further decentralizing to match the reliability of Ethereum L1 by creating an L2 mesh network of shared orderers and liquidity bridges. This enables applications connected to the network to share security, liquidity, and smart contract calls through a common framework. A prime example of this is the upcoming Optimism Superchain, which will unite Base, Mantle, Zora and other popular L2s using the OP stack framework. Arbitrum Orbits and ZkSync hyperlinks are similar frameworks under development. The idea of ​​merging heterogeneous block spaces pioneered by Cosmos is now being implemented on Ethereum L2, and Lumio will be at the forefront of this trend.

Combined with Aptos With Move VM, Lumio goes beyond the traditional advantages of optimistic rollup. Move VM is known for its superior architecture, designed for advanced security and efficiency in executing blockchain transactions in parallel. The synergy between the scalability of Optimistic rollup and the reliability of Move VM creates a universally powerful protocol. Therefore, Lumio is not only an innovation in scalability, but also a comprehensive solution to the multi-faceted problems of blockchain, paving the way for more complex, secure and efficient web3 applications. This makes Lumio a key tool in advancing the blockchain industry, setting a new standard for the optimization of blockchain networks to meet the evolving needs of developers and users who want the liquidity and security of Ethereum. and a more agile user experience.

3, Lumio’s main features

(1) EVM strong>Compatibility and Ethereum settlement:

• EVM compatibility: Lumio is designed to Works seamlessly with the Ethereum Virtual Machine (EVM) and offers a high degree of flexibility, allowing developers to migrate legacy code and start using Move functionality. This ensures easy interaction and integration with EVM-compatible networks and machines. The Lumio team is also looking into using Block STM to integrate parallel EVM, which is the same innovative concept behind Aptos Move VM.

• Broad blockchain interoperability: Lumio will support multiple ecosystems starting with Optimism, the Ethereum L2 going further and further on the path of decentralized sequencers . Lumio plans to integrate alternative virtual machines into popular ecosystems such as Arbitrum, ZkSync, Solana, Avalanche and Cosmos. This broad interoperability enables Lumio to run on a variety of blockchain platforms, reaching more developers looking to integrate Move in various ecosystems.

• Ethereum Settlement: A key feature of Lumio EVM compatibility is its ability to manage Ethereum settlement, allowing transactions initiated in Lumio to use proofs on the Ethereum blockchain achieve batch processing and finality.

• Ethereum Composability: Lumio will maximize the Alleviating the fragmentation problem of DeFi composability. As Vitalik's vision of moving off-chain transaction execution to L2 becomes a reality, Lumio will play a key role in breaking the EVM/Solidity vendor lock-in that developers have to deal with in the current paradigm.

(2)Move VMIntegration:

• Move VM's reliable architecture: Move VM is part of Lumio, known for its strong and secure architecture. It comes from the Aptos ecosystem and enables efficient execution of transactions and smart contracts.

• Resource-oriented programming model: An important aspect of Move VM is its resource-oriented programming approach, which enhances the management of digital assets and smart contracts. This model provides advanced security, treating digital assets the same as physical assets, minimizing errors and security breaches.

• Enhance Lumio performance: The integration of Move VM greatly improves the security and efficiency of Lumio. Its unique performance enhances Lumio capabilities, creating a more powerful and reliable platform.

(3) Cross-VM calls and dApp migrations:

• Simple dApp migration: Lumio simplifies the process of migrating decentralized applications (dApps) between blockchains, such as from Ethereum to Aptos. This is critical for developers looking to move their applications to a more efficient platform without the need for extensive redevelopment.

• Cross-virtual machine calling capability: Lumio supports cross-virtual machine calling, serving as a bridge for interaction between different blockchain virtual machines. This interoperability allows developers to leverage the strengths of each blockchain ecosystem in a unified environment, enhancing integration and versatility in the blockchain space.

• Cohesive development environment: Lumio’s support for cross-VM calls and dApp migration promotes a unified and flexible development environment. Developers can leverage the best features of multiple blockchain systems to improve their application functionality and create new opportunities for innovative dApp designs.

4, Technological Innovation

Lumio’s strong innovation foundation mainly has two key elements: OP Stack and Move language . OP Stack is the core of Lumio architecture and can run efficiently between virtual machines to enhance interoperability and performance. It plays a vital role in Lumio’s smooth integration with different blockchain ecosystems.

In addition, Move VM The Move language used is tailor-made for blockchain applications. It introduces resource-oriented programming and revolutionizes the way digital assets are handled in blockchain development. This method greatly improves transaction security and efficiency and provides developers with advanced tools to build secure and complex blockchain applications. By integrating these technological innovations, Lumio not only strengthens its role in the blockchain space but also sets a new benchmark for the security and efficiency of blockchain technology.

5, experienced team

The Lumio team has built two of the most popular applications on Aptos: Pontem Wallet and Liquidswap, respectively. Over 40,000 weekly active users and 250 million annual transaction volume. The team’s ability to bring complex products to market safely and efficiently gives them a unique role: building a critical layer of alternative virtual machine infrastructure for the Ethereum world. Lumio is now in closed beta on Lumio.io, but has already received tens of thousands of access requests.

The Lumio team has extensive blockchain expertise. Team member Alejo Pinto is an avid Bitcoin supporter and has been leading Lumio's product construction since 2014. Alejo previously led growth marketing at IBM Blockchain. The technical side is led by Boris Povod, founder of Crypti (the predecessor of Lisk and Ark). Stas Oskin is responsible for business development and has successful experience in Spondoolies’ B2C mining business and was also a member of Crypti and Beam MW. This highly skilled trio’s combination of growth expertise, technology innovation, and business acumen has put Lumio on a path to creating significant achievements in the blockchain space.

6, Conclusion

Lumio is the embodiment of the innovative spirit of blockchain technology. It brings alternative virtual machines such as Aptos Move VM to Ethereum, opening up new avenues for interoperability and performance enhancements. As the blockchain world continues to evolve, Lumio will have a significant impact on the future of blockchain.