Polygon 2.0 - 2024 to see unified ZK-powered L2 chains

Polygon co-founder Jordi Baylina says 2024 volition spot the amalgamation of Polygon’s assorted Ethereum furniture 2 scaling networks to implicit its “Polygon 2.0” cross-chain coordination protocol.

Speaking exclusively to Cointelegraph, Baylina said adjacent twelvemonth volition beryllium a litmus trial to spot however the Polygon ecosystem’s assorted networks tin standard and integrate done the implementation of zero-knowledge proofs (ZK-proofs):

“2024 is going to beryllium precise overmuch astir Polygon 2.0, having each these networks connected, sharing the liquidity, sharing the composability betwixt the web with antithetic flavors.”

Baylina added that respective of the networks that marque up Polygon’s ecosystem diagnostic their ain respective tokens, sequencers and information availability solutions. The improvement to Polygon 2.0 is acceptable to see respective upgrades that volition unify these antithetic protocols with ZK-proof exertion into “continuous, unbounded blockspace.”

The scaling exertion steadfast unveiled Polygon 2.0 successful June 2023, outlining plans for a scaling ecosystem comprising 4 protocol layers. The staking, interop, execution and proving layers each play a relation successful creating an interconnected ecosystem of chains that alteration accelerated worth transportation and accusation sharing.

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2023 has been an important twelvemonth for Polygon, arsenic Baylina reflects, arsenic respective products person been shipped that person added to the show of its scaling protocol and supply the means for developers to physique decentralized applications (DApps) and interoperable services.

“This has been an unthinkable twelvemonth for Polygon, the zkEVM was similar the archetypal large event. Also the creation, plan and announcement of Polygon 2.0 with the proof-of-stake (PoS) integration and each these aggregation layers, is an important milestone,” Baylina explains.

Polygon released its open-source zkEVM mainnet beta successful March 2023, which delivers reduced transaction costs and accrued throughput of astute declaration deployments. The exertion allows thousands of transactions to beryllium batched off-chain, with cryptographic impervious containing a minimal information summary posted to the Ethereum mainnet.

Polygon’s zkEVM mimics the transaction execution situation of Ethereum’s mainnet. The open-source zkEVM allows DApps to standard done transaction batching, unlocking higher performance.

The merchandise of Polygon’s Chain Development Kit (CDK) successful Sept. 2023 dramatically opened the ecosystem to caller development. Baylina previously spoke to Cointelegraph connected the instauration of the service, which allows developers to motorboat bespoke ZK-powered furniture 2 protocols connected Ethereum, tailored to the requirements of their project.

A cardinal facet is that Polygon CDK enables automatic entree to liquidity crossed each of Polygon’s chains and the broader Ethereum ecosystem, providing “on-demand scale, without fragmenting liquidity.”

A breakdown of the modulation of Polygon PoS to a zkEVM validium. Source: Polygon.

Baylina described the existent authorities of Polygon arsenic a “constellation with a azygous prima being the zkEVM.” The modulation of Polygon PoS to a zkEVM validium volition expedite the scaling of the web and let ecosystem protocols to go interconnected.

“It is complex. It’s not an casual task. Polygon is simply a decentralized system. So first, determination needs to beryllium statement for the switch. Then comes moving each the bridges, continuing the network, and giving continuity to each these applications. This is challenging,” Baylina adds.

Polygon released 3 Polygon Improvement Proposals (PIPs) successful Sept. 2023. This includes a connection for the transition and specifications that volition spot MATIC tokens go POL tokens, which volition go the Polygon proof-of-stake (PoS) protocol’s autochthonal token.

PIP-17 volition see the initiation of the upgrade from MATIC to POL. This includes its modulation to POL arsenic the autochthonal state token and staking token for the Polygon ecosystem, arsenic good arsenic the motorboat of the staking furniture and migration of Polygon nationalist chains.

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