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Prestigious IEEE Pub Recognizes SSVM WebAssembly as Delivering Highest Performance &NextGen Serverless Computing Solutions

The latest edition of the internationally renowned software publication IEEE Software has recognized WebAssembly, in general, and Second State Virtual Machine (SSVM), in particular, as offering the highest performance among serverless computing technology solutions.

IEEE Software presents serverless computing as the future of decentralized and enterprise computing in its Serverless Applications Engineering issue. Through deployments such as the Second State Virtual Machine (SSVM) by ParaState, a smart contract virtual machine (VM) for all Substrate-based blockchains, SSVM is already being established as the engine for decentralized applications running on next-generation Web 3.0 blockchains such as Ethereum 2.0 and Polkadot. WebAssembly is also positioned at the centre of the paradigm shift of enterprises to serverless cloud computing, according to the most recent edition of IEEE Software.

As part of this shift to serverless systems, several of the articles recognize function as a service (FaaS) as the future of cloud computing. Among the benefits of single serverless functions with no managed infrastructure, they cite resource elasticity, automatic scaling of functions, and pay-as-you-go services options. Developers need only focus on business logic and code.

Although the migration from Infrastructure as a Service (IaaS) to back end as a service (BaaS) and function as a service (FaaS) has been underway for some time, current solutions face numerous issues including scalability, slow start times, and timeout problems in more complex operations like AI and machine learning. Lightweight VM solutions introduced by major cloud providers still face scalability and performance challenges.

Alternatively, WebAssembly solutions support rapid application development and deployment without having to manage or pay for other computing support,” according to the article “A Lightweight Design for Serverless Function as a Service,” written by Second State engineers. Using SSVM, for instance, developers can create and deploy a blockchain-based web application via BUIDL in a few minutes.

In a benchmark WebAssembly study conducted by Second State and presented in IEEE Software, the Second State Virtual Machine demonstrated cold start and execution times at least 10 times faster than the leading non-WebAssembly runtime solution, Docker. WebAssembly is also a lighter client solution with a footprint of 6 MB versus 188 MB for Docker. Among the WebAssembly solutions, SSVM demonstrated the highest overall performance.

In conclusion, the authors propose WebAssembly as a lighter, faster FaaS solution written using high-level VM runtime languages which, when running on the blockchain, can execute functions in an untrusted framework.

ParaState is already demonstrating the benefits of its high-performance Pallet SSVM, leading the implementation of Ethereum flavoured WebAssembly (Ewasm), in practical use cases. Over 100 applications are using the Pallet SSVM to build scalable applications on the Polkadot multi-chain. ParaState has implemented a pay-as-you-use (PAYU) business model, which means there is no upfront deployment fee for applications wanting to integrate the Pallet SSVM into their blockchain.

Publication in the peer-reviewed IEEE Software is considered acknowledgement and recognition from industry experts of the significance of research contributions to the software engineering field at an international level.

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ParaState aims to provide a next-gen smart contract execution environment with higher performance Ethereum compatibility.