Ritual in the Blockchain Landscape
Understanding Ritual’s place in blockchain evolution
When designing Ritual, we began by examining the history of blockchains to date. Many architectural innovations underpinning Ritual are informed by past work from historic blockchain networks, modified to support the next-generation use cases of tomorrow.
Early Titans
Networks like Bitcoin pioneered the first decentralized, digital currencies, enabling peer-to-peer transactions without intermediaries.
Robust decentralization powered by proof-of-work consensus.
Basic scripting system preventing any smart applications.
Low throughput with long block times and prohibitive block size.
Rigid governance prohibiting feature upgrades to improve developer experience.
Payment Networks
Early payment networks optimized for high-throughput token payments, frequently at the expense of decentralization.
High throughput, optimized for payments.
Limited programmability to favor optimizing for just payment use cases.
Quorum centralization risks due to selected consensus mechanisms.
Poor developer experience because of early, complex smart contract environments.
Programmable Upstarts
Networks like Ethereum ushered in advanced programmability with Turing-complete virtual machines, and developer-friendly smart contract languages like Solidity.
Programmable smart contracts to build early on-chain applications.
Simple developer experience via Solidity and EVM tooling ecosystem.
Low throughput with strict VM computation constraints.
Inefficient execution pricing generalizing over unique hardware resources.
Restrictive state access and growth with high-cost storage operations.
”ETH Killers”
Following the success of Ethereum, various networks set out to improve the programmable blockchain model by optimizing for throughput and performance.
Programmable smart contracts to build early on-chain applications.
High throughput, commonly via parallel transaction processing.
Difficult DX because of non-traditional VM designs and EVM-familiarity headwinds.
Segmented ecosystems with fragmented protocols and user bases.
High validator requirements creating centralization pressures.
Poor network stability as a function of early high throughput explorations.
Interoperable Networks
In parallel, other networks attempted to service a future populated by many sovereign chains, interoperating through shared communication layers.
Modular, shared security for quick network bootstrapping.
Poor cross-chain UX forcing users to segment activity.
Liquidity fragmentation with separated capital pockets.
High security risk with network-by-network validator security intricacies.
High operational complexity for node operators and developers alike.
Layer-2 Networks
As an alternative approach to scaling Ethereum throughput, Layer-2 (L2) networks began to innovate upon the rollup paradigm, building on top of Ethereum security.
Low operational complexity for deployment and maintenance ease.
Familiar experience for existing Ethereum-adjacent users and developers.
Liquidity fragmentation across L2 network ecosystem.
Centralization risks via single sequencers and whitelisted state root proposers.
Inefficient execution pricing with rudimentary MEV environments and inherited Ethereum execution pricing downfalls.
Modern Scalers
Present-day high-performance L1 and L2 networks focus on scaling through parallel execution, pipelining, and hardware optimization.
High throughput through software and hardware optimization.
Parallel VM execution to support smart contract scaling.
Overfit optimization for traditional blockchain workloads.
High, uniform validator requirements prohibiting average participants, with increased centralization risks.
Ritual
Ritual moves beyond scaling existing workloads to fundamentally re-imagine on-chain computation and enrich user functionality.
Native, heterogeneous compute with support for AI Inference, ZK Proving & Verification, TEE execution, and future paradigms via forward-compatible architecture.
Flexible verification with modular computational primitives.
Node specialization enabling diverse participants and workload specialization.
State-of-the-art execution pricing via a novel fee market design: Resonance.