• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Celestia and Polygon Labs join forces to transform layer 2 dynamics

Celestia and Polygon Labs join forces to transform layer 2 dynamics

user avatar

by Liza Tanasova

2 years ago


Celestia and Polygon Labs have joined forces to integrate Celestia’s data availability layer with Polygon’s Chain Development Kit (CDK), signaling a significant advancement for Layer 2 projects within the Polygon 2.0 ecosystem. This collaboration is particularly beneficial for projects like OKX, Immutable, Astar, IDEX, and Palm Network, all of which operate as interoperating Layer 2 chains within the Polygon ecosystem.

Layer 2 networks, built using Polygon’s CDK, leverage zero-knowledge rollup technology, consolidating off-chain transactions onto the mainnet. The challenge lies in Ethereum's lack of a specific execution environment for its Data Availability (DA) layer, leading to on-chain processing and storage of data indefinitely, resulting in higher gas fees for Layer 2 solutions.

Celestia's innovative approach provides a solution to this challenge by offering storage bandwidth to multiple Layer 2 networks concurrently. This allows networks to operate light nodes and facilitates streamlined DA verification without overwhelming the network. In the words of Polygon co-founder Sandeep Nailwal, "Combined with interoperability and unified liquidity provided by Polygon 2.0, Celestia’s out-of-the-box solution will make creating new L2 chains as simple and affordable as deploying a smart contract."

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Market Rebounds with Improved Liquidity and Sentiment

chest

The crypto market is rebounding due to improved liquidity and sentiment, with market capitalization rising from 292 trillion to 302 trillion.

user avatarSatoshi Nakamura

Africa Finance Corporation Secures Record Samurai Loan

chest

Africa Finance Corporation has raised a record 524 million dual-currency Samurai term loan to enhance infrastructure investment across Africa.

user avatarNguyen Van Long

Tapzi Completes Security and Compliance Measures

chest

Tapzi has announced full verification through SolidProof's audit framework, enhancing its credibility among investors.

user avatarJesper Sørensen

Tapzi Beta Launch Enhances User Engagement

chest

The release of Tapzi Beta v0.1 has generated new interest, allowing players to test the platform without a wallet.

user avatarLucas Weissmann

Challenges and Opportunities for Hyperliquid Strategies

chest

Hyperliquid Strategies faces regulatory challenges and market volatility as it transitions to a digital asset treasury.

user avatarEmily Carter

Japan's FSA to Introduce New Regulatory Framework for Digital Assets

chest

Japan's Financial Services Agency (FSA) is set to introduce a new regulatory framework for digital assets to enhance investor protection and market integrity.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.