Overview

Defining WeaveVM (WVM)

Abstract

WeaveVM is a hyperscalable storage and DA-focused network that solves the EVM storage bottleneck and the problem of slow, expensive temporary DA.

As a high-performance parallel EVM network, WeaveVM maximizes scale and transparency for L1s, L2s and data-intensive dApps. WeaveVM network offloads storage to Arweave, giving any other chain a way to easily plug in a robust permanent storage layer powered by a hyperscalable network of EVM nodes with bleeding edge throughput capacity.

Nomenclature

The WeaveVM (WVM) name signifies the integration of Arweave with the Ethereum Virtual Machine. WVM unites Arweave's data storage capabilities ("weave") with the functionalities of the EVM ("-eVM").

Can WeaveVM be labeled as an L2?

Before determining whether WeaveVM fits the criteria for being classified as an L2 (Layer 2) solution, let's check the accurate definition for a layer 2 (L2):

"A layer 2 refers to any off-chain network, system, or technology built on top of a blockchain (commonly known as a layer-1 network) that helps extend the capabilities of the underlying base layer network. Layer-2 networks can support any blockchain to introduce enhancements such as higher transaction throughputs." - Chainlink docs

Presently, numerous networks leveraging Ethereum or EVM are labeled as L2 despite not meeting this fundamental prerequisite:

"One core requirement for a network, system, or technology to be considered a layer 2 is that it inherits the security of the blockchain it is built on top of. Transaction data must, in some shape or form, be verified and confirmed by the underlying blockchain network rather than a separate set of nodes."

Therefore, WeaveVM might not strictly fit the definition of a traditional Layer 2 solution within the Ethereum ecosystem. However, It operates as an EVM-compatible sovereign rollup utilizing Arweave for data storage and inheriting its security.