1 year ago
Cosmos-native layer-1 blockchain Canto has go the latest concatenation to migrate to Ethereum arsenic a furniture 2 zero-knowledge rollup, aft different layer-1 blockchain, Astar, announced akin plans moving from the Polkadot ecosystem to Ethereum.
Canto is simply a permissionless general-purpose blockchain, which is Ethereum Virtual Machine (EVM)-compatible with aims to onboard the accepted fiscal assemblage to decentralized concern applications.
Upon an authoritative statement reached by Canto Commons — a model wherever contributors coordinate ideas and solutions to the protocol — its halfway developers volition build a ZK rollup on Ethereum’s 2nd layer, Polygon Labs explained connected Sept. 18:
“By leveraging a shared ZK bridge, Canto volition yet pat the liquidity of a unified Polygon ecosystem with casual entree to Ethereum.”Polygon Labs said Canto volition “inherit” Ethereum’s security, enabling much decentralization and trustless guarantees erstwhile bridging assets over:
“User information comes by mode of a best-in-class and in-production ZK prover, meaning assemblage information is ensured by cryptography and inherited from Ethereum, alternatively than the social-economic incentives of fraud proofs.”
Neofinance astatine standard - Canto is migrating to a ZK-powered Ethereum L2, built with @0xPolygon CDK.
The @CantoPublic assemblage volition pat Ethereum’s heavy liquidity via a shared ZK span without sacrificing idiosyncratic information – a large stride toward neofinance.https://t.co/8uDhLYk1G9
There volition beryllium nary changes to Canto’s validators oregon staking system, Polygon Labs added.
Canto follows moves from Astar
Canto joins the likes of Astar, Gnosis Pay, Palm and IDEX to person announced plans to physique ZK furniture 2s utilizing Polygon’s Chain Development Kit successful caller months, according to Polygon Labs co-founder Sandeep Nailwal.
On Sept. 13, the Astar squad announced it volition soon statesman gathering its ain Ethereum layer-2 scaling solution, named Astar ZK-Ethereum Virtual Machine (EVM), besides utilizing Polygon’s CDK.
“We are gathering a trustless span to Ethereum with precocious EVM equivalency close out-of-the-box, truthful dApp developers tin usage existing tools to physique solutions crossed our full ecosystem,” the Astar squad explained successful a Sept. 14 statement.
I’m excited to invited @AstarNetwork, the starring @Polkadot concatenation to Ethereum. They are going to motorboat a zkEVM concatenation utilizing @0xPolygon CDK, an Ethereum L2 secured by ZK!@AstarNetwork is the starring blockchain of Japan. After launch, it rapidly became among the astir notable… pic.twitter.com/0SgYE6ENet
— Sandeep Nailwal | sandeep. polygon (@sandeepnailwal) September 13, 2023Polygon Labs hopes the ZK-powered concatenation volition alteration businesses to instrumentality Web3 solutions with accrued speed, scalability, and information successful Japan — wherever Astar is based — and astir the world.
Ryan Sean Adams, co-host of Ethereum amusement Bankless said the 2 astir caller migrations to Ethereum could beryllium the commencement of a rollup avalanche.
The largest concatenation from polkadot conscionable moved to Ethereum. (Astar)
The largest nationalist commons concatenation from Cosmos conscionable became a Polygon Validium. (Canto)
And...I perceive the world's archetypal Solana Virtual Machine (SVM) L2 is dropping tomorrow.
Ethereum rollups are eating the world.
Not each protocol is sticking astir connected Ethereum
Meanwhile, immoderate protocols look to moving the different way.
Decentralized speech dYdX announced its volition to physique a “purely decentralized” bid publication speech connected Cosmos arsenic portion of a program to migrate distant from Ethereum successful aboriginal September.
Another Ethereum-native protocol, Maker, signaled plans to determination to cut ties with Ethereum and physique a new, much “efficient” concatenation with Solana’s codebase successful September too.
Related: Idealistic Ethereum community-built zkEVM Scroll launching successful weeks
Maker’s co-founder Rune Chistensen added Solana presently stands arsenic the “most promising” ecosystem to research arsenic it proved its resilience during the FTX debacle and has a high-quality excavation of endowment developers gathering connected Solana.
The past signifier of Endgame is the motorboat of a autochthonal blockchain for Maker with the codename NewChain
It volition marque the ecosystem much unafraid and efficient
After immoderate research, I judge the Solana codebase should beryllium considered arsenic the ground for NewChainhttps://t.co/KyGxBBGlVH
Nonfungible token postulation OnChainMonkey is besides shifting its full postulation of 10,000 NFTs from Ethereum to Bitcoin. The squad down the protocol cited a much unafraid basal furniture and a thriving Bitcoin Ordinals ecosystem arsenic the main crushed down the migration plan.
Magazine: DeFi Dad, Hall of Flame: Ethereum is ‘woefully undervalued’ but increasing much powerful
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