The three big issues highlighted in Genesis Series (One Subspace Network’s December 2024 Achievements)
Phase 1 Success of the Mainnet and Phase 2 Preparation: Mainnet Phase 1's successful launch showed improved user experience, greater farmer participation, and protocol stability. Auto EVM domain and cross-domain messaging enhancements are the main focus of Phase-2 preparations.
2. Scalability and XDM Design: The Subspace Network's ability to sustain over 100 shards considerably exceeds industry standards, enhancing blockchain scalability and security.
3. Autonomous Agents and AI3.0: The introduction of 0xArgu-mint, an on-chain AI agent, emphasises the network's importance in AI integration. Its memory storage and functionality represent a leap in AI-powered applications.
A good way to become interested in what Subspace Network is and what it does in the context of blockchain.
A fourth-generation blockchain infrastructure protocol called Subspace Network seeks to enable Web3 to scale to the internet. It uses its Proof-of-Archival-Storage (PoAS) consensus architecture to address the blockchain trilemma, which is the balancing of security, decentralisation, and scalability. Subspace allows network scalability without sacrificing security or decentralisation by providing incentives for "farmers" to store distinct portions of blockchain history. By separating consensus from execution, this method enables independent growth of storage and transaction throughput.
Highlights of the Subspace NetworK
1. Eco-Friendly: Compared to conventional crypto mining, Subspace provides an energy-efficient option. Its PoAS approach encourages sustainable involvement by rewarding farmers for archiving blockchain data.
2. Decentralisation Maximised: To ensure a permissionless and equitable system, the network is built to divide control among as many stakeholders as feasible. Decentralisation is a fundamental principle that promotes an inclusive ecology.
Subspace Network's Impact by December 2024.
Subspace Network passed a significant milestone in December 2024. The successful completion of Mainnet Phase 1 confirmed the network's technical strength and development potential. Key metrics include 860,062 blocks processed, 108,923 wallet addresses, 1859 total nodes, and a commitment space of 507.43 PB. Strategic alliances facilitated global expansion, while new tools and innovations made available to the developer community improved the ecosystem's dynamism.