Imagine ME Network as a Modern “City”.Due to the modular chain design, this “city” is divided into various districts, each responsible for different tasks. In this article, we’re diving into one of the city’s most crucial areas: the Settlement Layer, also known as ME Hub.
What is the Settlement Layer?
The Settlement Layer is a key component of the modular blockchain architecture, responsible for finalizing transactions, ensuring that asset transfers and records are permanently stored on the blockchain, and determining the final state of the chain. It is primarily relevant in Rollup scenarios, as Rollups aggregate and confirm transactions on the underlying blockchain. The Settlement Layer resolves any potential disputes or errors that may arise during this process.
To illustrate: if ME Network is a city, the Settlement Layer is like the central plaza. It performs three main functions:
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Confirm Transactions*: Like a bank confirming your transfers.*
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Record Keeping*: Similar to a city hall, storing all vital documents.*
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Decision Making*: Like a mayor’s office, making final decisions on important matters.*
In simple terms, the Settlement Layer ensures that everything runs according to the rules and resolves any disputes that arise.
ME Hub: The Settlement and State Validation Layer of ME Network
ME Hub is the settlement and state validation consensus layer of the ME Network. As an independent blockchain network, ME Hub can execute virtual machines. Notably, to meet the diverse needs of ecosystem developers, ME Hub provides multiple virtual machine environments (ME Rollup Executor), including EVM compatibility and Wasm. This enables Rollup chains to select the appropriate execution environment based on their requirements. Additionally, different types of Rollup chains can interoperate through MBC (Modular Blockchain Connectivity).
Currently, ME Network utilizes an Optimistic Rollup framework, but as ZK-Rollup technology advances, ME Hub will gradually introduce corresponding execution environments and support components. Moreover, ME Network is actively exploring integration with LLMs (Large Language Models) and other AI applications, aiming for more efficient and comprehensive technical solutions.
Key Functions of ME Hub
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Proof Verification and Dispute Resolution*: The Settlement Layer allows Rollups to publish proofs for external verification. This is particularly important for optimistic rollups, which rely on interactive fraud proofs.*
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Bridging Hub*: When multiple Rollups use a common Settlement Layer, they can bridge seamlessly, eliminating the need for separate bridges between individual Rollups.*
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Liquidity Source*: Liquidity present in the Settlement Layer can be used by all Rollups above it. While Rollup chains can create their own tokens, alongside using the main chain’s token, these different tokens can naturally be cross-chained to ME Hub, enabling liquidity aggregation and free exchange.*
Why is ME Hub So Important?
In the modular blockchain ecosystem, the Settlement Layer provides the execution layer with a fundamental consensus and security mechanism. Developers building Rollup chains no longer need to deploy their own validation nodes, significantly reducing operational costs. Beyond providing settlement for Rollups, ME Hub also enhances interoperability and liquidity aggregation.
As the ME Network ecosystem enters a phase of rapid growth, thousands of Rollup chains will be integrated. For the majority of developers, their focus can remain on the application logic at the execution layer, leaving non-business-critical technical operations, such as settlement, to be handled by the specialized module — ME Hub.
While outsourcing the settlement layer may sacrifice a certain degree of sovereignty for Rollup chains, it brings significant benefits, such as reduced development costs, convenience, interoperability, and unified liquidity.
Conclusion
As the Settlement Layer of ME Network, ME Hub not only offers essential verification, bridging, and liquidity services but also provides a robust security consensus through its advanced architecture. As the technology evolves, ME Network is poised to become a key driver of the next generation of blockchain applications, offering a stronger and more flexible infrastructure for the growth of Web3 applications.
About Meta Earth
Meta Earth (ME) is based on a modular, high-performance, infinitely scalable multi-dimensional fusion underlying value network — ME Network, which supports the high-concurrency big data processing needs of traditional industrial applications.
And through an encrypted DID (Decentralized Identifier) system — ME ID & ME Pass which can effectively protect user privacy data, and a co-construction & co-governance mechanism which can fully reflect personal sovereignty and equality for all, as well as an economic model which can guarantee UBI (Unconditional Basic Income) without any distinction, Meta Earth is fully dedicated to enhancing happiness for a better life and maintaining ecological balance to promote sustainability.
**If you want to receive more airdrops or rewards, please download the ME Pass and complete the KYC. See more on the poster! **👇👇👇
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