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#Polygon unveils plan to build Polygon 2.0 - a network of tier two chains based on ZK technology!
The Polygon 2.0 architecture will be designed to facilitate secure and instantaneous interactions between Layer 2 chains.
🗣 Polygon operates a proof-of-stake-based sidechain network, called Polygon POS, which runs alongside Ethereum and supports significant cryptocurrency applications such as Uniswap and Aave. It also manages a Layer 2 network based on ZK-Rollups technology, called Polygon zkEVM, complementing the existing proof-of-stake chain.
🧠 The team is preparing to create additional tier-two chains that will use ZK-Rollups technology - one of the two most popular solutions designed to scale Ethereum through off-chain computing. Such individual tier-two chains will be able to interact securely with each other.
What will Polygon 2.0 be?
⛓ The team explains that the Polygon 2.0 architecture is being designed to enable instant and secure interaction between layer two chains without the need for additional trust assumptions. The team stated that this initiative aims to establish a 'Value Layer on the Internet'.
⚡️ Interestingly, "Individual blockchains are not infinitely scalable; they have strict bandwidth limits" - claims the Polygon team. "We can increase capacity by creating new chains, but not without fragmenting liquidity and reducing security and capital efficiency. This is what Polygon 2.0 is all about."
✖️ Polygon has previously shown interest in creating multiple chains using its software stack called
#SuperNets. The team was involved in developing individual chains for the
#Immutable and
#Aavegotchi projects. With Polygon 2.0, the focus will shift to creating more connected chains, leading to ecosystems similar to
#Cosmos and
#Polkadot. However, the unique approach here is to develop them as tier-two chains, using ZK-Rollups technology.
In summary, Polygon plans to build a network of tier-two chains based on ZK technology. This innovative solution could be a real game changer in the market. Polygon is growing at a very fast pace, not bothered by the downturns or the war of the major stock exchanges with the
#SEC. Do you like the solution offered by Polygon? 🧐
@zksync @Polygon @cosmos @Polkadot #Chains @aavegotchi @Immutable $IMX #AAVE $DOT #ZkRollups #Zk #Rollups #Polygon2 #Layer2 #ValueLayer #PoS #TierTwo #SEC $Matic #Matic