Axion protokol
> Axion Protocol Fundamental Analysis
🔹I examined the Axion project that we have been following with the @alphacallx team for a long time. This review article will be a bit long. Thank you for your patience 😊
> @AxionProtocol is a modular Layer 1 blockchain solution based on the BPF VM for anyone looking to execute contracts in a performant way while being compatible with solana.
- Separating consensus layer and execution layer, while keeping the execution environment compatible with Solana (same smart contract as Solana), will fix a lot of issues with Solana currently.
-Before diving into the details of Axiom, it's important to discuss monolithic and modular projects.
🔹What is a monolithic blockchains and why do we need Modular Ones?
Monolithic blockchains are traditional blockchain architectures where all processes, including transaction validation, execution, and data storage, occur on a single, unified layer.
This can lead to scalability issues and high transaction costs as the network grows.
Modular blockchains, on the other hand, deconstruct these functions into separate layers, allowing for more efficient processing and greater scalability.
The modular approach enables customized solutions for specific use cases, reduces operational costs, and fosters innovation by allowing developers to mix and match different blockchain functionalities.
🔹Let’s continue with Axion
When we check the whitepaper's introduction, there are quite bold statements from the developers "Axion isn't just about speed; it's about empowering you.
We're the fastest modular execution layer
out there, but we never compromise on security or flexibility."
This discourse is quite ambitious and necessitates an evaluation of its technical infrastructure, which
promises a future full of potential.
Tbh, when I first started reviewing it, if I said I was quite excited to see a project that combines the features of Solana and Ethereum and does it on a modular approach.
💾 Utility
I’m hearing all of you guys in my mind Wtf is BPF, SBF, AVM, WASM??
Here some expalantions about them:
🔹BPF: A technology that runs within the Linux kernel, offering direct system resource access and control for advanced tasks like network filtering and performance tuning.
🔹SBF (Solana Binary Format): Solana's evolving binary format intended to replace BPF, aiming to optimize for their blockchain's specific needs and performance.
🔹AVM (Axion Virtual Machine): A custom binary format inspired by BPF, designed to offer a better balance of performance and flexibility for smart contract execution on the Axion platform.
🔹WASM (WebAssembly): A portable binary code format that runs in a sandboxed environment in user space, providing a secure and stable way to execute code on the web and in various computing environments.
💾Now what are the Advantages, as u see below( I know u guys like these kind of comparison alot )
📌 Imagine deploying your Ethereum dApps on Solana with minimal effort!
Think of Axion as a bridge between two worlds. It lets you leverage Solana's advantages, like lightning-fast transactions (2,000+ per second!) and miniscule fees (less than a penny per transaction), while still using the tools and languages you know and love: Solidity, Vyper, MetaMask, Foundry, Hardhat, Remix, and Truffle.
Popular applications like Uniswap, SushiSwap, 0x, and MakerDAO? They're all welcome on Axion! This means you can tap into the vibrant Solana ecosystem without major rewrites or headaches.
📌 Ethereum's limitations?
Axion tackles them head-on. High gas prices and sluggish speeds are a thing of the past. Axion brings the cost-effectiveness and cutting-edge transaction capabilities of Solana to the Ethereum community.
🔑 Tokenomics
Symbol: AX
Max Supply: 10.000.000.000 (10B)
Initial Circulating Supply: 1.200.000.000 (1.2B) - 12% of the max supply.
📌Token Release Schedule
🔹 Roadmap
When we check the roadmap, we can see that the Axion team has been doing a great lately.
