Ethereum startup Matic Network is rebranding to Polygon because it goes all-in on additional Ethereum layer 2 scaling options.
The India-based agency is pivoting towards addressing Ethereum’s throughput drawback with a forthcoming layer 2 aggregation SDK that may host a number of applied sciences without delay, in accordance with a weblog submit shared with CoinDesk.
The startup at present administers a proof-of-stake (PoS) Ethereum sidechain utilizing the Plasma framework – a now out-of-favor layer 2 resolution that can proceed to be hosted. Model 1 of the software program growth equipment (SDK) for layer 2 aggregation might be prepared in March, Polygon co-founder Sandeep Nailwal stated in a Telegram message.
“Polygon will help a number of layer 2 options resembling Optimistic Rollups (OR), zkRollups (ZKR), and Validium, successfully making it an L2 aggregator,” the weblog reads. “This method, carried out through Polygon’s modular SDK, will allow tasks to pick out the scaling resolution that most accurately fits their wants relatively than being certain by anyone possibility.”
Polygon’s rebrand and new roadmap comes at a time of elevated stress on the Ethereum essential community, which has been struggling historic charge charges. For instance, the typical Ethereum transaction charge broke above $20 per switch for the primary time ever final week. Many Ethereum-based dapps are scrambling to seek out layer 2 options and have typically turned to numerous types of rollups like ZKR or OR.
Rollups are a throughput know-how for verifying transactions off-chain which might be then re-published on-chain. They’ve been the popular resolution to Ethereum’s scaling woes, as Vitalik Buterin expressed on this autumn weblog post.
Polygon may even be capable to launch complete blockchains, just like Parity Applied sciences’ Substrate. Blockchains launched on Polygon inherit the safety assumptions of the underlying Ethereum blockchain, simply as Substrate-based chains can plug into Polkadot’s ecosystem to realize safety, Polygon core developer Mihailo Bjelic stated in a cellphone interview.
“The Polygon SDK is constructed to accommodate [and] mixture all such sorts of options, rollups being one in every of them. At the moment, the Polygon SDK will allow creation of standalone chains like Polkadot’s substrate,” Nailwal stated.