What is Dymension? (Animated Explanation, DYM Tokenomics)
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🤔 What is Dymension?
Dymension is a modular layer 1 blockchain platform, which hosts a network of layer 2 “RollApps”, which are operated through the Dymension Hub.
Similar in concept to Cosmos, from which Dymension itself is built, however instead of focusing on individual blockchains, Dymension is focused on creating a network of independently deployable optimistic rollups, known as RollApps.
💡 What makes Dymension unique?
Platforms on the Dymension platform don’t build their products with the Cosmos SDK, as that is for building blockchains, they instead use the RollApp Developers Kit, or RDK, which is focused on providing the same benefits and opportunities as Cosmos does for blockchains, but specifically for Layer 2 optimistic rollups.
💰 DYM Tokenomics
In total, there will only ever be 1 billion DYM.
At present, only around 15% of this total, somewhere around 150 million DYM are available on the market - with roughly 50% of the 150 million being donated to early users during their genesis “Rolldrop”.
Timestamps ⏳
00:00 Intro
1:06 What is Dymension?
2:19 How does Dymension work?
3:00 What makes Dymension unique?
5:42 DYM Tokenomics
❓ Q & As ❓
Start from the basics:
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🤔 What is Dymension?
Dymension is a modular layer 1 blockchain platform, which hosts a network of layer 2 “RollApps”, which are operated through the Dymension Hub.
Similar in concept to Cosmos, from which Dymension itself is built, however instead of focusing on individual blockchains, Dymension is focused on creating a network of independently deployable optimistic rollups, known as RollApps.
💡 What makes Dymension unique?
Platforms on the Dymension platform don’t build their products with the Cosmos SDK, as that is for building blockchains, they instead use the RollApp Developers Kit, or RDK, which is focused on providing the same benefits and opportunities as Cosmos does for blockchains, but specifically for Layer 2 optimistic rollups.
💰 DYM Tokenomics
In total, there will only ever be 1 billion DYM.
At present, only around 15% of this total, somewhere around 150 million DYM are available on the market - with roughly 50% of the 150 million being donated to early users during their genesis “Rolldrop”.
Timestamps ⏳
00:00 Intro
1:06 What is Dymension?
2:19 How does Dymension work?
3:00 What makes Dymension unique?
5:42 DYM Tokenomics
❓ Q & As ❓
Start from the basics:
🎬 What Is BITCOIN: Bitcoin Explained: From Mysterious Or...
🎬 What Is a BLOCKCHAIN: Blockchain Explained: The Ultimate Gu...
🎬 Banks vs Cryptocurrencies: Say Goodbye to Banks! Discover the Po...
🎬 Decentralized Finance vs Centralized Finance: From Banks to Blockchains: The Epic C...
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