Exploring the Potential of Web 3.0 and Blockchain Technology
The Ethereum (ETH) ecosystem may soon benefit from the variety of new layer 2 (L2) protocols that are being built on Polygon’s open sourced codebase Chain Development Kit. This technology harnesses zero-knowledge proof (ZK-proof) to ensure security and fast finality.
Jordi Baylina, technical lead of Polygon Hermez zkEVM, spoke to Cointelegraph exclusively about the new tool set which is publicly available on a Github repository. He highlighted the fact that Polygon CDK allows for automatic access to liquidity across all of Polygon’s chains as well as the wider Ethereum ecosystem, enabling “on-demand scale, without fragmenting liquidity”.
The Ethereum developer pointed to a number of different projects building CDK-powered chains for various use cases, such as payment-specific L2s, DeFi, gaming, social-specific platforms, and creator or NFT platforms.
Customizability of Polygon CDK
The customizability of Polygon CDK for different appchains was highlighted by Baylina, which includes rollup or validium mode, zkEVM or other ZK-powered execution environment, various data availability solutions, native token and gas token customization, centralized or decentralized sequencer mode as well as permissioned networks with granular allowlists.
Zero-knowledge technology was also emphasized by Baylina, as Polygon Labs believes that it is the future of scaling Ethereum. Hermez zkEVM lead explains that chains launched with Polygon CDK are automatically connected to a shared ZK bridge and plugged into an “interop layer”, which is a cross-chain communication protocol.
Baylina said that this technology unlocks sub-minute cross-chain transactions and creates the perception of a single chain environment.
Cointelegraph also asked about the differences between CDK and other Ethereum ecosystem programming languages such as Cairo codebase from StarkWare, pioneers in Zk-proof technology.
Exploring the Ethereum Layer 2 Ecosystem
Baylina discussed the architecture unlocked by Polygon CDK, which enables automatic access to shared liquidity via a ZK bridge and interop layer of an L2 ecosystem secured by ZK-proofs. He highlighted the advantages of ZK-proofs, such as fast finality and withdrawal times, when compared to fraud proofs used in Optimistic rollup L2 solutions, which can take up to a week to process.
Cointelegraph has previously looked into the Ethereum layer 2 ecosystem, exploring the basics of Ethereum rollups and the various approaches to scaling the blockchain for web 3.0. Companies working on web 3.0 are using the best programming language for web 3.0 to develop the chain crypto and assemble protocol crypto, as well as the blockchain and web 3.0 pdf to understand the implications of AI technology.
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