Adamnite is a new-generation layer-1 blockchain development platform serving to increase blockchain adoption. By providing a development platform that enables developers to easily build safe and efficient decentralized applications (dApps), Adamnite hopes to be at the center of both dApp development and blockchain innovation.
Adamnite’s core philosophy is centered around ease of use, scalability, and security. Its primary focus is on solving two main problems in the space: a lack of proper security tools for smart contract developers, and a lack of widespread use of blockchain technology in both public and private sectors. While these problems are well-known, we believe that there are specific issues with current platforms that significantly increase the likelihood of exploits happening in dApps and hinder adoption.
Adamnite solves these issues by providing a blockchain that is efficient, light, secure, and easy to use. By using a variation of Delegated Proof of Stake (DPOS) for its consensus mechanism, leveraging knowledge verification for its compilers, and employing sound cryptography in the form of zero knowledge proofs for succinctness, the Adamnite Blockchain will be safer, faster and more efficient than current solutions.
We believe that the blockchain space is still in its infancy and that there is a significant amount of value that remains to be captured with both mainstream and enterprise-level adoption. Through the creation of Adamnite, we hope to accelerate widespread adoption by making development accessible and providing enterprises with enough reason to switch to blockchain technology. Adamnite was initially conceptualized in late 2021 in a white-paper titled Adamnite: A secure and scalable blockchain development platform, written by co-founder Archie Chaudhury.
It was created with developers in mind; being a blockchain developer himself, Archie understood firsthand the difficulties of developing large scale smart contracts and dApps without significant financial backing. Since then, the Adamnite project has attracted contributors from all over the world. These contributors include core blockchain engineers, protocol researchers, and designers. Despite their differing backgrounds, Adamnite’s contributors share a vision of a future where blockchain technology is used daily by millions of people around the world and is the software of choice for businesses looking to innovate, while also being a viable option for college students participating in hackathons.
Although we maintain that the blockchain industry is still young, we also recognize its current market strength. The digital asset market, which is comprised of leading cryptocurrencies (Bitcoin, Ethereum, etc), Non Fungible Tokens (Bored Ape Yacht Collection and others), and tokenized smart contracts (Uniswap, The Graph, etc), grew over 10x in 2021. A majority of this growth was driven by smart contract platforms that resulted in the creation of DeFi apps, Decentralized Autonomous Organizations (DAOs), and more.
The digital asset market, and the blockchain industry as a whole, is set to continue its sharp trajectory as mainstream awareness increases. In the United States alone, numerous public figures have begun accepting Bitcoin as a salary, and venues that double as sports stadiums have been renamed on account of being bought by cryptocurrency exchanges. Cryptocurrencies, and digital assets as a whole, are no longer a vehicle that few people have access to or understand.
Furthermore, with developer events, hackathons, and sponsorships by top institutions becoming commonplace, programmers are becoming more and more aware of concepts relating to blockchain technology such as Web3, smart contracts, and dApps.
Adamnite is a revolutionary blockchain development platform, looking to make blockchain technology more suitable for individual developers, startups, and large scale organizations alike.
Although Adamnite will have its own native token, NITE, its purpose is not to be a decentralized payment platform like Bitcoin. Rather, Adamnite will be a development ecosystem that gives developers the power to build secure dApps easily.
Current blockchain platforms offer little in the way for actual creation; their scalability and security issues often lead to companies choosing to abandon blockchain technology altogether, or worse, only partially integrate with it in the hopes of capturing on the hype.
A great example of this are gaming apps, which often integrate NFTs built on various chains for only a portion of their actual software. These are not true dApps: a majority of the actual game, such as user information, graphics, and scores, are stored off-chain.
The same is true for virtual worlds, or metaverses, which often use NFTs as validation but rarely use blockchain technology for anything else.
With Adamnite, the creation of a basic decentralized game that runs completely on-chain will essentially be as simple as creating a game that runs using Web2 technology.