So, what is Caldera, and why is it considered a next-generation platform? At its core, Caldera is a network of interconnected, purpose-built blockchains that settle on Ethereum. In simpler terms, it provides the infrastructure for developers to launch their own customized, high-performance blockchains—known as app-rollups—with incredible ease.
This solves a critical problem for developers. Instead of being forced to compete for blockspace on a congested, shared Layer 2, an application (like a game or DeFi protocol) can have its own dedicated chain. This ensures exceptionally high throughput and stable, low transaction fees, leading to a vastly superior user experience. All this is achieved while inheriting the robust, decentralized security of the Ethereum mainnet.
The recent launch of the ERA token is what elevates Caldera's model. ERA acts as the unifying economic layer for this entire network of rollups. Its design aims to create a fluid, interconnected "internet of rollups," abstracting away the complexities of cross-chain interactions that plague the current user experience in Web3.