Cytonic functions as the execution layer for MultiVM and is an L1 blockchain project aiming to create a unique ecosystem open to all technologies used within Web3. With its multi-virtual-machine technology, Cytonic seeks to achieve interoperability across ecosystems without being confined to any single one.

Funding Background

Cytonic融资详情

The funding round for Cytonic was led by Lemniscap and Lattice Capital, with participation from IOBC Capital, Public Works, Nomura Holdings, Arthur Hayes, and others. Cytonic serves as the execution layer for MultiVM, which was also primarily backed by Lemniscap.

Founders

Cytonic was founded by Ivan Miskovic and “badconfig.” Ivan serves as the CEO and has a background that includes senior roles at Spin Labs and pd ventures as an investment manager. The professional details of “badconfig” remain undisclosed.

Advantages

Cytonic leverages multi-virtual-machine technology to deliver the following advantages:

• Effortless integration with DeFi protocols, even those outside EVM ecosystems.
• Compatibility with development tools across supported blockchains.
• Integration with existing wallets, allowing users to maintain their preferred security standards.
• A new approach for creating highly interoperable applications that developers can design to work seamlessly across all supported ecosystems.

Core Features

How Does it Work?

• Zero-Effort Onboarding: Cytonic allows developers from any ecosystem to deploy their protocols on Cytonic with just a few clicks, similar to how EVM-compatible DeFi protocols integrate across multiple chains. Detailed integration guides are available here.
• Compatibility with Existing Developer Tools: Developers can use their preferred tools for Solana, Ethereum, and other supported blockchains. Cytonic ensures compatibility with trusted SDKs and frameworks in the crypto community.
• Integration with Existing Wallets: Users can access protocols deployed on any Cytonic runtime using their preferred wallets, enabled through a highly interoperable virtual machine communication system.
• Atomic Parallelism: Cytonic introduces a solution for scaling its consensus mechanism while maintaining atomic transaction execution, ensuring that the dApp execution layer remains unaffected.

Multi Virtual Machine

As more public blockchain projects emerge, interoperability and compatibility have become increasingly constrained. For example, differences in underlying virtual machines between traditional EVM chains and Solana create vastly different requirements for users and developers when utilizing or building smart contracts.

The core of Cytonic lies in its unique Multi Virtual Machine, which is compatible with Solana VM, EVM, and other existing virtual machines. This new type of Multi Virtual Machine adjusts dynamically based on the type of transaction being processed. It allows dApps from Solana, Ethereum, and other blockchains to coexist seamlessly on the Cytonic chain. Furthermore, Cytonic provides a highly interoperable and native solution for communication between dApps. The Multi Virtual Machine is designed to execute transactions within a single block, addressing complexities and vulnerabilities associated with modern, scalable blockchains while maintaining compatibility.

Cross-Chain Interoperability

Although Cytonic positions its primary functionality as MultiVM, from the perspective of its final presentation, Cytonic embodies the concept of simplifying the user experience of blockchain technology and unifying transactions across multiple networks, known as chain abstraction. In the blockchain space, the increasing number of public blockchains enhances specific user behaviors but also adds complexity to interaction processes. For instance, a user might need to perform a series of steps such as swaps, NFT purchases, and loans within a single process, which could involve multiple cross-chain operations. Chain abstraction simplifies such cross-chain actions, aligning with Cytonic’s MultiVM approach, making it one of the critical future directions in blockchain development.

Security

All Cytonic deposit contracts are managed by multi-signature wallets with external signers. If a blockchain does not support multisignature functionality, Cytonic utilizes AWS Key Management Service (KMS) to create secure hardware wallets for funds, ensuring safety. Bitcoin depositors are an example of this solution. Security audits for Solana and EVM are handled by Zellic and Fuzzland.

Airdrop Activities

Airdrop Task

The Cytonic airdrop program incentivizes users and helps establish initial blockchain TVL and the ecosystem. The program unfolds over several rounds with varying conditions.

Phase One lasts approximately six months and concludes with the mainnet launch. Subsequent phases will focus on ecosystem growth.

Airdrop Points Dashboard

The program includes deposits, social activities, treasure hunts, lotteries, and referrals. Users earn energy points, convertible to flames, tied to token rewards. While social tasks and referrals earn points, deposits remain the primary method for earning rewards.

Airdrop Token Overview

Energy is the primary currency used during the airdrop event. Energy is earned based on the value of deposits made on any supported chain and accumulates continuously, updating approximately every hour. Additionally, Energy can be obtained by completing achievements and claiming related rewards.

Flames are a currency used later for token distribution. Flames are typically earned by opening treasure chests or receiving lottery rewards.

Conclusion

Cytonic’s technical documentation is currently incomplete, focusing more on describing the airdrop activities rather than providing substantial information to support its fundamentals. The project is still in its early stages.

Like concepts like chain abstraction and AA wallets, Cytonic’s vision is to bridge the gap between blockchains. Compared to abstract concepts, using the Multi Virtual Machine to aggregate chains with different VMs is currently the most direct and effective approach. Enhancing interoperability between chains is a crucial step for the blockchain industry to attract Web2 users into the Web3 ecosystem, making it highly significant.