• 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

CopperInu Token Faces Significant Volatility Post-Launch

chest

CopperInu token has shown significant volatility post-launch, raising concerns about insider trading.

user avatarMaria Gutierrez

Pi Network Faces Challenges Post Mainnet Launch

chest

The mainnet launch of Pi Network has led to increased pressure on the token due to rising supply and falling demand.

user avatarDavid Robinson

Valour Gains FCA Approval to Offer Bitcoin and Ethereum ETPs to Retail Investors

chest

Valour has received official approval from the UK Financial Conduct Authority (FCA) to offer Bitcoin and Ethereum staking exchange-traded products (ETPs) to retail investors.

user avatarArif Mukhtar

AI Predictions on Pi Network's Future Valuation

chest

Four AI chatbots provide insights on the potential for Pi Network's token to crash to zero.

user avatarAndrew Smith

Buterin Discusses Ethereum's Progress and Concerns

chest

Vitalik Buterin discussed Ethereum's scaling advancements and emphasized the need for applications that provide real social value during a recent interview in China.

user avatarZainab Kamara

Global Reactions to Russia's Cryptocurrency Regulation Proposal

chest

The proposed bill has sparked mixed reactions globally, with some welcoming the clarity that formal regulation brings, hoping it will legitimize the sector and attract institutional investment. Others criticize the purchase cap as overly paternalistic, arguing it stifles financial freedom and technological adoption.

user avatarJacob Williams

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.