The Matic Community, a mission creating an Ethereum-based layer-two resolution and an impartial proof-of-stake blockchain, introduced Tuesday that
The Matic Community, a mission creating an Ethereum-based layer-two resolution and an impartial proof-of-stake blockchain, introduced Tuesday that it might rebrand to Polygon. Whereas the present merchandise and the token would stay largely the identical, the branding change alerts a strategic change to turn out to be a layer-two aggregator.
Polygon is got down to assist different Ethereum scalability options, notably Optimistic Rollups, ZkRollups and StarkWare’s Validium, along with its in-house platforms. The technique might be carried out via a brand new Polygon SDK, which is able to enable builders to construct their DApps on a scalable and Ethereum-anchored infrastructure, with out having to decide on any expertise specifically.
Sandeep Nailwal, co-founder of Matic and Polygon, defined that the method additionally entails a wide range of interoperability mechanisms. These embody asynchronous messaging techniques primarily based on the Ethereum Digital Machine, meant for EVM-compatible chains; messaging primarily based on state channels, a extra advanced model of the Lightning Community’s core idea; in addition to a possible “overlay rollup” that mixes different layer-two platforms and permits for fast inter-rollup transactions. Polygon would keep full tethering to Ethereum via a wide range of layer-two safety mechanisms, along with utilizing Matic’s present asset bridging implementation.
As a part of the brand new technique, the mission additionally onboarded notable Ethereum builders and influencers like Hudson Jameson, Ryan Sean Adams, Anthony Sassano and John Lilic as advisors. In line with Nailwal, a number of the advisors described Polygon’s method as a sort of “Polkadot on Ethereum,” which isn’t an official tagline adopted by the workforce however nonetheless presents an “simpler to know narrative for the group.”
Polygon’s SDK and platform would rework Ethereum right into a multi-chain system, which the workforce admits is just not in contrast to what different initiatives like Polkadot, Cosmos or Avalanche do. Nonetheless, Nailwal believes that the Ethereum-centric technique presents a number of important benefits over competing techniques. Polygon would profit from Ethereum’s basic community impact of DApps and adoption, whereas additionally being “inherently safer” as a result of Ethereum being the bigger and extra battle-tested blockchain.
Lastly, Nailwal stated that Polygon is “extra open and highly effective, primarily by way of structure sorts it could actually assist.” The platform can incorporate any Ethereum scalability resolution, whereas additionally adopting “Ethereum’s ethos of open innovation.”
Polygon’s technique, if efficiently carried out, may have main repercussions on the Ethereum ecosystem. Its new “rollup-centric” roadmap would see shards getting used to tether a wide range of layer-two options. However whereas sharded architectures incorporate cross-shard communication by design, interoperability between layer-two chains is much less instant and infrequently requires going via the principle Ethereum blockchain first. For initiatives in decentralized finance, the place straightforward composability is essential, this situation may imply that they must choose “the successful rollup” even when it might be overcrowded or in any other case not appropriate for his or her wants. Thus, straightforward interoperability may very well be key to making sure that Ethereum’s present roadmap presents sensible scalability for DApps.