Facet is a new generation blockchain expansion platform inspired by Ethscriptions (to solve the splitting and liquidity problems of inscription assets) that is different from traditional L2. Facet is currently built on Ethereum and all transactions are Ethereum transactions. By changing the interpretation of these transactions and data, Facet allows you to use Ethereum at an extremely low cost (around 1/10th of the cost) without sacrificing Security and decentralization. This new extended paradigm effectively overcomes the shortcomings of traditional Rollup solutions such as centralized sorters, downtime, and the possibility of operators censoring users. At the same time, Facet is loosely coupled with the underlying blockchain that provides transaction ordering. As market demand and the ecosystem continue to prosper, it can be easily deployed to all EVM-compatible (even non-EVM) blockchains. Facet is a new generation of secure, decentralized, and low-cost blockchain computing platform. Facet represents a new blockchain scaling paradigm that is expected to replace all traditional L2 as a whole. Facet and the DA layer are loosely coupled. As market demand and the ecosystem continue to prosper, it can be easily deployed on all mainstream L1 public chains. At the same time, through the integration of BTC BRC20 and other protocols with the same technical origin, Facet has created a new and easy-to-implement path for cross-chain and multi-chain interoperability, and is ultimately expected to become a supercomputing platform that integrates full-chain assets and DAPP. Facet is divided into 4 stages: 1. Ether inscription stage, with core assets coming from Ether inscription; 2. Ether w ecological stage, with core assets coming from erc20; 3. Cross-chain ecological stage, introducing btc ecological assets; 4. Full-chain ecological stage, integrating Facet The protocol is deployed to all mainstream EVM-compatible chains and layer2 platforms to issue inscription assets, FT assets, and NFT assets. Rachel Chu is the old OG of Ethereum Defi and the big boss involved in building sushi. Now join the Facet team, the intention is already obvious! The Facet ecological construction is being planned behind the scenes. Sushi may connect to Facet. In addition to uniswap, dex must find new growth points. Connecting to the Facet protocol is a good direction. As mentioned before, the Facet protocol reduces gas to 99%. If sushi is connected to Facet, the cost will be reduced by 10 times compared to uniswap. uniswap will be very dangerous and may be killed. uniswap will choose to join if there is no other way. To face positive competition, the entire ecosystem has become more prosperous.It's getting better. Some awesome people are promoting the development of Facet. Don’t underestimate the resources of founder Tom. He is very good. He has been invested by a16z before. The team now has top-level people behind pepe and the core developer of sushi. Many resources are diffuse, and even the core contributors of Sushi can attract more people from the early OG of the Ethereum mainnet. If someone from the Ethereum Foundation is brought in, it will be even more awesome, but even if these people come in, they will not speak too much until they are full, because they need to hold more chips and understand everything. . The founder hopes that more developers will go to the Facet platform and develop various dapps similar to opensea. It is cheaper to apply gas on Ethernet, but the L2 chain has certain security risks. If people control the computer, FTX problems will inevitably occur, but when will it happen? If a security issue occurs, billions of money may be lost like the FTX incident. Facet is decentralized and no one can shut it down, which makes it safer. The founder of Facet Inscription challenged the entire L2!
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