• 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

Ethereum's Resilience Amid Bitcoin's Quantum Threat

chest

David Hoffman asserts that Ethereum can function independently even if Bitcoin fails due to quantum computing risks.

user avatarAyman Ben Youssef

Jeff Dorman Clarifies MicroStrategy's Bitcoin Strategy Amid Speculation

chest

Jeff Dorman, the Chief Investment Officer at Arca, clarified misconceptions about MicroStrategy's Bitcoin holdings, stating there are no forced sales or liquidity risks, which helps stabilize investor confidence.

user avatarTando Nkube

SuperFortune's Burn to Earn Mechanism Offers Emotional Closure for Traders

chest

SuperFortune has introduced a Burn to Earn mechanism that allows users to process the emotional burdens associated with failed tokens.

user avatarNguyen Van Long

SuperFortune Introduces Innovative Web3 Apps Addressing Emotional Needs

chest

SuperFortune has launched a new category of Web3 consumer applications that connect emotional needs with on-chain behavior, aiming to provide psychological stability for traders in a volatile market.

user avatarKofi Adjeman

Options Traders Signal Measured Bitcoin Rally Ahead

chest

Options traders signal a potential Bitcoin rally with limited upside expectations, suggesting a price range of 100,000 to 118,000 by December 2025.

user avatarSatoshi Nakamura

Michael Howell Warns of End of Everything Bubble

chest

Global liquidity expert Michael Howell warns about the end of the everything bubble, highlighting risks in financial markets due to tightening liquidity and increased debt refinancing.

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.