Eclipse Launches Game-Changing Layer 2 Blockchain For Polygon Network
Key Points:
- Eclipse has revealed plans to release a new blockchain called Polygon SVM that is built for the Polygon network and is Solana-compatible.
- The Polygon network’s Avail data availability protocol will serve as the base layer for its Rollup, and the blockchain will communicate with both Polygon’s main network and Ethereum through cross-chain bridges.
- Eclipse received $15 million in a pre-seed funding round in September and is a portfolio company of Polygon Ventures. It is also a grant recipient of the Solana Foundation.
Eclipse has revealed plans to release a new blockchain called Polygon SVM that is built for the Polygon network and is Solana-compatible.
The goal of this blockchain is to enable Solana developers to transfer their apps to Polygon without having to rebuild their code for the Ethereum Virtual Machine (EVM).
Polygon SVM testnet is expected in Q1 of this year
The release of the Polygon SVM testnet is expected in Q1 of this year, with the mainnet following in Q2. The blockchain is designed to use SeaLevel Virtual Machine (SVM), a computing environment that enables Rust-based Solana apps to be deployed on other blockchains like Polygon.
With Polygon SVM, Solana smart contracts can be natively run, meaning developers can keep their contracts the same and deploy them directly on Polygon SVM. The blockchain will use Optimistic Rollups technology to create blocks, similar to other Layer 2 projects like Arbitrum and Optimism. Rust developers can transfer their code from Solana to Eclipse and run it on the Polygon network, then settle it back to Solana for added security using Rollups.
The Polygon network’s Avail data availability protocol will serve as the base layer for its Rollup, and the blockchain will communicate with both Polygon’s main network and Ethereum through cross-chain bridges.
Eclipse received $15 million in a pre-seed funding round in September and is a portfolio company of Polygon Ventures. It is also a grant recipient of the Solana Foundation.
Other projects, such as Nitro, are also working to expand Solana apps to other blockchains. Nitro is developing a network to deploy and execute Solana apps on Sei, a blockchain set to launch soon on Cosmos.
In summary, Eclipse is set to launch a blockchain called Polygon SVM that will allow Solana developers to transfer their apps to the Polygon network without having to rebuild their code for the EVM. The Polygon SVM blockchain will use SeaLevel Virtual Machine, Rust-based Solana apps can be deployed natively on it, and it will utilize Optimistic Rollups technology for creating blocks. It will also communicate with both Polygon’s main network and Ethereum through cross-chain bridges.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
Author
Blockchain
Eclipse Launches Game-Changing Layer 2 Blockchain For Polygon Network
Key Points:
- Eclipse has revealed plans to release a new blockchain called Polygon SVM that is built for the Polygon network and is Solana-compatible.
- The Polygon network’s Avail data availability protocol will serve as the base layer for its Rollup, and the blockchain will communicate with both Polygon’s main network and Ethereum through cross-chain bridges.
- Eclipse received $15 million in a pre-seed funding round in September and is a portfolio company of Polygon Ventures. It is also a grant recipient of the Solana Foundation.
Eclipse has revealed plans to release a new blockchain called Polygon SVM that is built for the Polygon network and is Solana-compatible.
The goal of this blockchain is to enable Solana developers to transfer their apps to Polygon without having to rebuild their code for the Ethereum Virtual Machine (EVM).
Polygon SVM testnet is expected in Q1 of this year
The release of the Polygon SVM testnet is expected in Q1 of this year, with the mainnet following in Q2. The blockchain is designed to use SeaLevel Virtual Machine (SVM), a computing environment that enables Rust-based Solana apps to be deployed on other blockchains like Polygon.
With Polygon SVM, Solana smart contracts can be natively run, meaning developers can keep their contracts the same and deploy them directly on Polygon SVM. The blockchain will use Optimistic Rollups technology to create blocks, similar to other Layer 2 projects like Arbitrum and Optimism. Rust developers can transfer their code from Solana to Eclipse and run it on the Polygon network, then settle it back to Solana for added security using Rollups.
The Polygon network’s Avail data availability protocol will serve as the base layer for its Rollup, and the blockchain will communicate with both Polygon’s main network and Ethereum through cross-chain bridges.
Eclipse received $15 million in a pre-seed funding round in September and is a portfolio company of Polygon Ventures. It is also a grant recipient of the Solana Foundation.
Other projects, such as Nitro, are also working to expand Solana apps to other blockchains. Nitro is developing a network to deploy and execute Solana apps on Sei, a blockchain set to launch soon on Cosmos.
In summary, Eclipse is set to launch a blockchain called Polygon SVM that will allow Solana developers to transfer their apps to the Polygon network without having to rebuild their code for the EVM. The Polygon SVM blockchain will use SeaLevel Virtual Machine, Rust-based Solana apps can be deployed natively on it, and it will utilize Optimistic Rollups technology for creating blocks. It will also communicate with both Polygon’s main network and Ethereum through cross-chain bridges.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Annie
Coincu News
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