AMA Recap: CRYPTO MINERS x VARA NETWORK

Vara Network is a stand-alone layer-1 decentralized network built and running on top of Gear Protocol. The fast and scalable non-fork upgradable Vara Network enables the best playground for next-gen Gaming, Financial-based applications, experimental features but not only. Any other modern use cases are perfectly suited for running on Vara. Building on Vara Network is ideal for both developers already in Web3 as well as those migrating from Web2 seeking the most secure, efficient, scalable environment for deploying their decentralized applications. The main features of Vara network are:

• Fastest truly decentralized L1 ever
• Testbed for new features and optimizations
• Stable and upgradable network thanks to Substrate
• Little to no governance

We hosted an AMA session with Vara Network on 29th November.

Mr. Ramsy was the host from Crypto Miners and Ms. Katie from development team was the guest. She shared delightful knowledge and unique features of Vara Network.
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Segment 1️⃣: Introduction

Ramsy | Crypto Miners:
Hello everyone 👋 Welcome to Our Another AMA Session With Vara Network

Today, we are very honored to invite Ms. Katie To be our guest in our today’s session to introduce Vara Network

Hey Katie

Katie:
Hello!

Ramsy | Crypto Miners:
Welcome here mate

Katie:
Glad to be here! thanks for inviting!

Ramsy | Crypto Miners:
Thanks for joining with us today

So first of all can you introduce yourself to the community?

Katie:
Looking forward to hear the questions!

Sure, my name is Katie, I am Growth Dev Lead in vara Network

Will be here to tell you guys as much as I can about the network!

Ramsy | Crypto Miners:
Glad to have you today 🤝

Now let’s begin our first part of the session — Project introduction

Katie:
sure

Ramsy | Crypto Miners:
1. Could you make a brief introduction about Vara Network? How Vara Network playing it’s role in blockchain space?

Katie:
So Vara Network is a standalone Layer-1 decentralized network built on Gear Protocol, a Substrate-based smart-contract platform. It serves as a robust environment for developers to build and deploy dApps

With a focus on speed, scalability, and security, Vara Network is the ideal playground for next-gen gaming, financial applications, and various modern use cases in the Web3 industry. As a fast and scalable network, it provides a secure and efficient environment for developers migrating from Web2 to Web3.

Vara Network’s key features are decentralization, stability, and upgradability, making it a versatile platform for a range of applications in the blockchain space.

Ramsy | Crypto Miners:
Thanks Katie for this well start about Vara Network

Now let’s see our second question from this segment

2. What are the main features and services of Vara Network that makes it special as comparing it’s competitors?

Katie:
Vara Network stands out with its key features. Utilization of Gear Protocol, incorporating concepts like the Actor Model and Persistent Memory for a user-friendly and developer-centric environment.Parallel processing, eliminating delays in on-chain gaming applications and financial dApps.Individual memory spaces for smart contracts, preventing congestion and delays.Smart contracts powered by Substrate’s framework for secure runtime and sandboxed execution. 🌟

Vara’s uniqueness lies in its focus on providing a platform for next-gen gaming and financial applications, offering low-latency execution and high-level memory management. With capabilities like low transaction costs, staking, and participation in governance, Vara Network sets itself apart by fostering a developer-friendly environment for building diverse decentralized applications.

Ramsy | Crypto Miners:
Impressive 👌

3. We found out that there was first airdrop campaign did in October, Can you provide more details about the remaining airdrop stages and the eligibility criteria?

Katie:
Sure!

If you’re eager to catch the latest on Vara Network’s airdrops and want to know if you’re eligible, the best spot to hang out is the Vara Community. 😉

The Vara airdrop is a multi-stage process:
— Stage One: For early adopters, including NFT holders, Vara ambassadors, and participants in previous qualifying events.
— Stage Two: Targeting tech-savvy community members running nodes. Eligibility requires a node to appear a minimum of twice in distinct snapshots taken over two years.
— Stage Three: Exclusive to incentivized testnet participants.

Ramsy | Crypto Miners:
4. Now share about the native token $VARA what are its usecases and utilities in Your ecosystem? Also provide with us the tokenomics

Katie:
Absolutely! The $VARA token is the powerhouse in the Vara Network ecosystem. It’s not just a token; it’s your key to unlock a world of possibilities. Whether you’re into deploying smart contracts, participating in network security through staking, or having a say in governance decisions — $VARA is your go-to.

well, the tokenomics is quite a big but in short overview. There’s a total supply of 10 billion $VARA tokens. The initial mint has vesting periods for founders, team, advisors, and investors. They’re fully locked for the first 12 months, followed by linear vesting. You can learn more here: https://wiki.vara-network.io/docs/tokenomics/

Ramsy | Crypto Miners:
5. What kind of support or resources does Vara offer to developers who are new to the Web3 industry and ecosystem?

Katie:
Vara Network extends a welcoming hand to developers entering the Web3 ecosystem, providing a robust support system and resources tailored to facilitate their journey. The platform’s commitment to inclusivity is evident in its comprehensive developer documentation, offering clear and insightful guidance on smart contract development using the Gear Protocol. Developers can delve into ready-made programs available on GitHub, providing practical examples and a valuable learning resource.

https://github.com/gear-foundation/dapps

Moreover, Vara Network goes beyond documentation by offering a free developer course at Gear Academy. This educational initiative serves as a stepping stone for developers, ensuring they gain hands-on experience and a nuanced understanding of building on the Vara platform. By combining accessible documentation, practical examples, and a dedicated developer course, Vara Network stands out as a supportive and educational hub for developers venturing into the dynamic landscape of Web3.
https://academy.gear.foundation/

Ramsy | Crypto Miners:
That’s cool 👍

Let’s move to our last question from this segment

6. What Vara Network achieved so far and What important updates and developments can we expect in the future?

Katie:
Vara Network has been making waves with some exciting achievements! We hosted a successful hackathon in Chiapas, Mexico, drawing in over 80 participants to build on the Vara platform. Integration milestones for this month were — Savvio and Blockdaemon, as well as collaboration with various services of Coinbase. This month marked the launch of Vara’s New Ambassador program. ❤️

As for the future, Vara Network is all about staying cutting-edge. Keep an eye on Vara’s social media channels and community platforms for upcoming developments. Join Vara Network’s Telegram Group, check out their Medium, hop onto Discord, or follow us on Twitter to stay in the loop! 🌐📲

Ramsy | Crypto Miners:
Thanks Katie for this well detailed introduction about Vara Network

That’s the wrap up of our the first part of the AMA session ✅

Katie:
Cool

lets move to another part then

Ramsy | Crypto Miners:
Let’s now proceed to our Twitter Questions section…

Segment 2️⃣: Twitter Questions

1. How does Vara prioritize security within its network? Are there specific protocols or audits in place to ensure the safety of user assets and transactions?

Katie:
Vara Network places a high priority on security within its ecosystem. Vara employs robust security protocols and undergoes regular audits to ensure the safety of user assets and transactions. These measures are designed to provide users with a secure and trustworthy environment, aligning with Vara’s commitment to maintaining the integrity of its network. The Actor Model provides isolation between different actors (in case of Vara smart contracts are actors), reducing the risk of vulnerabilities spreading across the network.

Persistent Memory ensures that critical data related to smart contracts, transactions, and user interactions is securely stored. This helps in preventing data loss or corruption, enhancing the overall reliability and security of the network. It also adds an extra layer of resilience against potential attacks or failures. And yes, the network has successfully passed several third-party audits.

thanks for the great question =)

Ramsy | Crypto Miners:
2. I read on your website that users can support the vara network by applying and becoming nominators ,so what role does nominators play in the vara network ecosystem?What are the steps, requirements and procedures to become nominators on vara network?

Katie:
Becoming a nominator involves acquiring VARA tokens, the native cryptocurrency of Vara Network. Nominators then choose validators they trust and bond or stake their VARA tokens to these validators. This process demonstrates their commitment to the network. As the validators contribute to the network’s activities, nominators enjoy a share of the rewards generated.

The process of becoming a nominator is designed to be user-friendly, with detailed information available in the official Vara Network documentation and community resources. This ensures a transparent and accessible experience for users interested in participating as nominators.

Ramsy | Crypto Miners:
That’s the wind up of our twitter segment

Now Moving on to our last segment — Live Q&A

I hope you’re ready for that!!

Katie:
of course I am!

Ramsy | Crypto Miners:
So let’s roll…

Segment 3️⃣: Live QnA
(In this segment group was opened for 60 seconds and miners sent hundreds of questions. Guest choose some best to answer)

1) Sir DeFi 🤵🏻‍:
🥇 Can you talk about What are the specific memory virtualization techniques employed by Vara, such as Lazy Pages, and how do they contribute to faster and more cost-effective program execution?

Katie:
Thank you for making research on Vara, its the first time someone asks me about lazy pages and I have been to many events, so you definitely made my day =) so, lazy pages is the smart memory loading technique allows you to obtain only the necessary memory pages during execution. In Vara Network, Lazy Pages are utilized to load memory pages dynamically as needed during program execution. This contrasts with traditional eager loading, where all memory is allocated upfront. Lazy Pages allow Vara to optimize resource usage by fetching and loading only the necessary pages, reducing unnecessary memory consumption. Also loading only the required pages during execution, Lazy Pages contribute to optimized memory usage. This is particularly valuable in scenarios where large portions of allocated memory may not be actively used, resulting in cost savings by avoiding unnecessary memory allocation.

2) Nazli:
What types of decentralized applications (dApps) are particularly well-suited for deployment on Vara Network due to its unique features?

Katie:
Another great question! It can be a lot of use cases, here I will give an example of my favourite one: gaming. Vara’s implementation of the Actor Model, parallel processing, and individual memory spaces for smart contracts enhances the development of blockchain games. This eliminates delays and allows for on-chain gameplay with improved speed and performance. Features like native async, payless transactions, and the ability to create in-game elements through smart contracts contribute to a more seamless gaming experience.

3) Caroline 🙋🏽‍♀:
Please mention What are some specific applications of ZKML within the Vara ecosystem and how do these applications enhance the functionalities of AI creations and blockchain games?

Katie:
Wow, another hot topic! Vara is in process of incorporating zk proofs. Zero-knowledge proofs ensure trust in outcomes while maintaining privacy. I will explain in the context of gaming, zk proofs allow verifiable validation that the results of certain actions or rolls are true and untampered.

Importantly, they achieve this without revealing the intricate details of the underlying mathematical operations. Players can trust the game’s fairness without needing to understand the specifics of how each roll is determined. This not only ensures security and fairness but also introduces an additional layer of intrigue for players, as they can speculate on outcomes without compromising the integrity of the game.

*This segment ends here*

Katie:
i am so impressed by the questions, thanks a lot to everyone for their effort to come up with something unique and really interesting

it was very hard to choose

Ramsy | Crypto Miners:
Yes some great questions by the community

Katie:
thanks a lot guys!

Ramsy | Crypto Miners:
On behalf of miners community wish all the very best for Vara Network and the entire team behind the project❤️🤝

Katie:
Thank you!

Ramsy | Crypto Miners:
Time To Conclude Our AMA Section

Have a nice day Katie

Katie:
You too Ramsy!

If you would like to learn more about Vara Network, here are some useful links for you:

Website: https://vara-network.io/
X: https://twitter.com/VaraNetwork
Telegram: https://t.me/VaraNetwork_Global
Discord: https://discord.com/invite/x8ZeSy6S6K
Medium: Vara Network