What is Unichain?
Unichain is a Layer 2 network built on Optimistic Rollups by Uniswap Labs, designed to enhance cross-chain liquidity in DeFi. It aims to provide a smooth, fast, and efficient cross-chain trading experience. Currently, Unichain supports transactions across dozens of chains, offering users easy access to liquidity. Uniswap, Circle, Coinbase, and Lido are among the applications and infrastructure providers already building on Unichain.
How It Works
Under Ethereum's rollup-centered roadmap, the DeFi ecosystem faces challenges such as low transaction efficiency, cumbersome cross-chain interactions, and the centralization risks brought by single sequencers. To address these issues, Unichain introduces the following features:
Verifiable Block Building
Verifiable Block Building separates block building from sequencing, ensuring fairness and transparency. Block builders operate within a trusted execution environment (TEE) to securely construct blocks. Using a pre-confirmation mechanism, transactions are grouped into smaller flashblocks, reducing block time to 200-250 milliseconds (down from the current 1 second in the near future). This approach minimizes MEV risks and enhances transaction revert protection.
Unichain Validation Network (UVN)
The Unichain Validation Network is a decentralized network of nodes that independently validate blocks, ensuring fair and accurate sequencing. To become validators, node operators must stake UNI tokens, contributing to block validation and accelerating transaction settlement.
How to use Unichain with imToken?
Creating a Unichain account
To create a Unichain account, navigate to "My Profile" -> "Manage wallets" -> "Add", select the "Unichain" network, and confirm. Then, return to the wallet homepage to access your newly created Unichain account.
Receiving and transferring funds
In the Unichain account, you can click "Transfer" or "Receive" and then perform the corresponding operation.
Receiving
Click "Receive ", share the QR code or copy the address and send it to the other party.
Transferring
Click "Transfer", set the type and amount of token you want to transfer, enter the recipient's address, and then click "Next".
Note: Before making a transfer, please ensure that your account has sufficient ETH to cover the miner fee.
Experiencing Unichain’s ecosystem on imToken
Click "DApp" on the account homepage to view and experience recent popular DApps on Unichain.
End
For best security on large amounts of crypto, consider our hardware wallet, imKey. imKey also allows users to use the Unichain wallet.
Risk Warning: The content of this article does not constitute any form of investment advice or recommendation. imToken does not make any guarantees and promises for the third-party services and products mentioned in this article, nor assume any responsibility. Digital asset investment has risks. You should carefully evaluate these investment risks and consult with relevant professionals to make your own decisions.