Polygon Labs has launched the Chain Development Kit (CDK), an open source code that allows developers to create modular zero-knowledge (zk) layer 2 blockchains on the Ethereum network. This technology aims to address the issue of fragmented liquidity and lack of interoperability in existing appchain ecosystems. The CDK enables interconnected chains with access to the unified liquidity of both Ethereum and Polygon, creating a seamless experience for users.
The CDK builds on the goals of the Polygon 2.0 project, which aims to achieve unlimited scalability and unified liquidity. By leveraging Ethereum’s Security standard and integrating with a shared bridge, the CDK enables L2 networks to exchange data and form the “value layer of the Internet”. This technological revolution has the potential to transform the Ethereum-based L2 Blockchain industry and position Polygon as a leading infrastructure provider.
The launch of the CDK comes at a time when layer 2 solutions are gaining traction in the Web3 world. Projects, exchanges, and entities are increasingly launching their own layer 2 networks to benefit from zero-knowledge computational proofs. Optimism, Arbitrum, and other infrastructures have paved the way for this trend, and more success stories are emerging, such as ZkSync Era, Starknet, Linea, Mantle, and Polygon zkEVM. These networks offer fast transaction execution times and cost-effectiveness on the fee side. Additionally, the airdrop theme has generated hype and incentivized user activity on these networks.
The Ethereum ecosystem is expanding rapidly and offers a diverse range of decentralized solutions. However, the increasing number of offerings may lead to competition and challenge the choices of developers and users. According to L2Beat data, there are currently 29 layer 2 networks with a total value locked (TVL) of $9.76 billion.
In summary, the launch of the Chain Development Kit by Polygon Labs brings interoperability and unified liquidity to Ethereum-based zk blockchains. This open source code allows developers to create customizable and interconnected modular blockchains with access to the vast liquidity pool of Ethereum and Polygon. This technology revolutionizes the Ethereum-based L2 blockchain industry and positions Polygon as a leading infrastructure provider. However, the growing number of layer 2 solutions in the Market presents a challenge of competition and choice for developers and users..
#Polygon #initiates #era #customizable #blockchains
The CDK builds on the goals of the Polygon 2.0 project, which aims to achieve unlimited scalability and unified liquidity. By leveraging Ethereum’s Security standard and integrating with a shared bridge, the CDK enables L2 networks to exchange data and form the “value layer of the Internet”. This technological revolution has the potential to transform the Ethereum-based L2 Blockchain industry and position Polygon as a leading infrastructure provider.
The launch of the CDK comes at a time when layer 2 solutions are gaining traction in the Web3 world. Projects, exchanges, and entities are increasingly launching their own layer 2 networks to benefit from zero-knowledge computational proofs. Optimism, Arbitrum, and other infrastructures have paved the way for this trend, and more success stories are emerging, such as ZkSync Era, Starknet, Linea, Mantle, and Polygon zkEVM. These networks offer fast transaction execution times and cost-effectiveness on the fee side. Additionally, the airdrop theme has generated hype and incentivized user activity on these networks.
The Ethereum ecosystem is expanding rapidly and offers a diverse range of decentralized solutions. However, the increasing number of offerings may lead to competition and challenge the choices of developers and users. According to L2Beat data, there are currently 29 layer 2 networks with a total value locked (TVL) of $9.76 billion.
In summary, the launch of the Chain Development Kit by Polygon Labs brings interoperability and unified liquidity to Ethereum-based zk blockchains. This open source code allows developers to create customizable and interconnected modular blockchains with access to the vast liquidity pool of Ethereum and Polygon. This technology revolutionizes the Ethereum-based L2 blockchain industry and positions Polygon as a leading infrastructure provider. However, the growing number of layer 2 solutions in the Market presents a challenge of competition and choice for developers and users..
#Polygon #initiates #era #customizable #blockchains
