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 response to a weblog publish shared with CoinDesk.
The startup at the moment administers a proof-of-stake (PoS) Ethereum sidechain utilizing the Plasma framework – a now out-of-favor layer 2 resolution that may proceed to be hosted. Model 1 of the software program growth equipment (SDK) for layer 2 aggregation will likely be prepared in March, Polygon co-founder Sandeep Nailwal mentioned in a Telegram message.
“Polygon will help a number of layer 2 options equivalent to Optimistic Rollups (OR), zkRollups (ZKR), and Validium, successfully making it an L2 aggregator,” the weblog reads. “This strategy, carried out through Polygon’s modular SDK, will allow initiatives to pick the scaling resolution that most closely fits their wants moderately than being certain by anyone possibility.”
Polygon’s rebrand and new roadmap comes at a time of elevated stress on the Ethereum most important community, which has been struggling historic charge charges. For instance, the common Ethereum transaction charge broke above $20 per switch for the primary time ever final week. Many Ethereum-based dapps are scrambling to search out layer 2 options and have typically turned to varied types of rollups like ZKR or OR.
Rollups are a throughput know-how for verifying transactions off-chain which are 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 of launch complete blockchains, much 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 mentioned in a telephone interview.
“The Polygon SDK is constructed to accommodate [and] combination all such sorts of options, rollups being considered one of them. Presently, the Polygon SDK will allow creation of standalone chains like Polkadot’s substrate,” Nailwal mentioned.