Categories: Ethereum

Polygon announces scalable data infrastructure

Ethereum (ETH) Scalable Infrastructure developer Polygon has announced the implementation of a universally scalable data delivery solution called Avail.

According to a press release released on Monday, Polygon announced that Avail will act as the data availability engine for layers of execution such as sidechains, standalone networks, and layer two protocols.

One of the main obstacles to efficient blockchain scaling is the issue of data availability. Malicious actors can send blocks of incomplete data to the network, and none of the other participants are the wiser.

To address this issue, the Polygon team explains that Avail uses polynomial commit and erase encryption to combat evidence of data encryption fraud by providing a two-way data layer.

Instead of creating their own data availability logs, the implementation layers can reduce the role of the Avail layer, with the latter acting as a secure data repository.

For independent chains, communicating with Polygons Avail is intended to enable these networks to rely on later Validator security protocols. Therefore, these chains should be able to solve data availability problems without having to run their own validators.

For Layer 2 protocols, the announcement showed that scaling solutions like Validium can increase their scalability throughput by implementing Avail to ensure offline data availability functionality.

Commenting on the importance of Avail amid ongoing efforts to increase the scalability of the blockchain, the announcement quotes Polygon co-founder Anurag Arjun as saying, “Avail is a key component of the new paradigm. , in which blockchains will work in the future. “

“We believe that off-chain and off-chain scaling solutions will require a robustly scalable data availability solution and we look forward to working on it,” added Polygon co-founder in the press release.

Connected: Polygon Introduces SDK for Ethereum Compatible Chain Building

Polygon’s popularity continues to be a growing trend in the crypto and blockchain space with its ever growing user base that is reportedly 1.4 million unique users. Popular decentralized finance like Aave and SushiSwap have also established themselves on Polygon.

Ren’s cross-chain liquidity protocol also recently created a bridge that allows users and projects to move their Ren-based packaged tokens into the polygon ecosystem. In May, the team released a software development kit that allows developers to create standalone chains that are compatible with Ethereum as well as Layer 2 protocols.

.

.

Coincu

Recent Posts

Metaplanet Increases Bitcoin Holdings With New Purchase Of $1.6 Million

Metaplanet increases Bitcoin holdings with an additional purchase of $1.6M USD. The company views Bitcoin…

30 mins ago

First FTX Executive Sentenced To 7.5 Years In Prison

Ryan Salame, ex-CEO of FTX's Bahamas subsidiary, was sentenced to 7.5 years for his involvement…

1 hour ago

Starknet Catalyst Program Launched With 20 Million STRK Tokens For Top Projects

Starknet Catalyst Program allocates 20 million STRK tokens to advance Ethereum Layer 2 scaling solutions.

1 hour ago

Second Attempt: Riot To Buy BitFarms With Nearly $1 Billion Offering

Riot to buy Bitfarms for a second time, following Bitfarms' previous rejection last month. The…

2 hours ago

Binance France Replaces Changpeng Zhao With New Shareholders Holding 50% Shares

Binance France replaced Changpeng Zhao with Yulong Yan and Lihua He as shareholders to comply…

2 hours ago

Semler Scientific Shifts To Bitcoin treasury Reserve With A $40M Investment

Semler Scientific shifted its financial strategy to Bitcoin treasury reserve. The firm bought 581 Bitcoins…

2 hours ago

This website uses cookies.