• 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

Human API Launches to Connect AI Systems with Human Contributors

chest

Sydney Huang announces the launch of Human API, a platform designed to enable AI systems to coordinate with humans for real-world data and labor.

user avatarGustavo Mendoza

Digital Asset Ventures Launches DAV Mining in Milwaukee

chest

Digital Asset Ventures LLC has launched DAV Mining, a new mining service division in Milwaukee, aimed at providing structured, enterprise-grade digital asset mining services.

user avatarRajesh Kumar

Concerns Over Central Bank Digital Currencies Resurface

chest

A group of economists has urged EU lawmakers to reconsider aspects of the digital euro, citing risks related to privacy and financial stability.

user avatarMiguel Rodriguez

Upcoming Token Unlocks Create Supply Pressure in Crypto Market

chest

The Ondo crypto price is facing supply pressure due to a major token unlock scheduled for January 18, while Shiba Inu coin struggles with high exchange reserves.

user avatarLuis Flores

Terra Industries Raises $1.175 Billion to Revolutionize African Defense Technology

chest

Terra Industries has raised $1.175 billion to develop security systems in Africa, marking a significant milestone for the continent's defense technology sector.

user avatarArif Mukhtar

ZKsync Implements Trusted Execution Environments for Enhanced Security

chest

ZKsync employs Trusted Execution Environments (TEEs) to enhance security for private operations.

user avatarZainab Kamara

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.