• 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 expert forecasts optimistic outlook for Dogecoin.

chest

A crypto analyst, Crypto Patel, predicts a bullish future for Dogecoin, suggesting a potential rally towards $2 based on historical market patterns.

user avatarMaya Lundqvist

Other Crypto-Related Stocks Suffer Losses

chest

Other crypto-related stocks experienced significant losses in recent trading sessions, with BitMine and Sharplink falling 46.2% and 61.4%, respectively.

user avatarLeo van der Veen

Binance Being Examined for Possible Breaches of Sanctions.

chest

Senator Richard Blumenthal has raised concerns about Binance's potential involvement in facilitating violations of US and international sanctions related to Iran.

user avatarLi Weicheng

US Treasury Targets Iranian Crypto Exchanges with New Sanctions

chest

The US Treasury has announced new sanctions targeting Iranian crypto exchanges, including Nobitex, to combat the regime's use of digital assets for evading international restrictions.

user avatarAisha Farooq

Democrats Raise Alarm Over DOL's Crypto Investment Proposal for 401k Plans

chest

Democratic lawmakers raise concerns over a DOL proposal allowing 401k investments in cryptocurrencies, warning it could risk $142 trillion in retirement savings.

user avatarTenzin Dorje

BNB Chain Positioned for Growth Post-CLARITY Act

chest

Grayscale's Head of Research identifies BNB Chain as a leading ecosystem poised to capture institutional flows following the anticipated CLARITY Act.

user avatarElias Mukuru

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.