Key Points:

• Canto, a Layer 1 blockchain, is transitioning to an Ethereum Layer 2 with zero-knowledge proofs, partnering with Polygon for this transformation to focus on real-world assets.
• Implements zero-knowledge proofs for greater decentralization.
• This shift follows a trend of Layer 1 blockchains moving to Ethereum Layer 2 solutions

Canto, a Layer 1 blockchain, is undergoing a significant transformation as it shifts its focus towards real-world assets. The project, initially launched in 2022 as a permissionless general-purpose blockchain, is now migrating to a zero-knowledge Layer 2 solution on Ethereum, with the assistance of the Polygon Chain Development Kit (CDK).

This move to Ethereum Layer 2 marks a strategic pivot for Canto, with the aim of enhancing decentralized finance and real-world asset adoption at the application layer. By leveraging zero-knowledge proofs, Canto intends to provide users with greater decentralization and trustlessness when bridging assets.

The implementation of Plonky2 ZK proofs will be a key aspect of this transition. Importantly, Canto’s existing proof-of-stake validators will remain in place for decentralized ordering, ensuring a seamless transition for validators and stakers.

Canto is collaborating closely with Polygon, a prominent Ethereum scaling developer, to facilitate this migration. Polygon’s Chain Development Kit (CDK) serves as the foundation for the revamped Canto blockchain, offering a versatile set of tools to build and design ZK chains tailored to specific community requirements.

The Polygon CDK is recognized for its permissionless and open-source nature, enabling developers to create high-speed, feature-rich networks that remain interoperable with the Ethereum ecosystem.

This strategic move follows a broader trend in the blockchain space, with several Layer 1 projects, including Celo, making similar shifts to Ethereum Layer 2 solutions in pursuit of enhanced scalability and functionality.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Canto

Celo

layer 1

Polygon

ZK

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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Blockchain

Layer 1 Blockchain Canto Is Migrating To A ZK-powered Ethereum L2 To Enhance The Network

Key Points:

• Canto, a Layer 1 blockchain, is transitioning to an Ethereum Layer 2 with zero-knowledge proofs, partnering with Polygon for this transformation to focus on real-world assets.
• Implements zero-knowledge proofs for greater decentralization.
• This shift follows a trend of Layer 1 blockchains moving to Ethereum Layer 2 solutions

Canto, a Layer 1 blockchain, is undergoing a significant transformation as it shifts its focus towards real-world assets. The project, initially launched in 2022 as a permissionless general-purpose blockchain, is now migrating to a zero-knowledge Layer 2 solution on Ethereum, with the assistance of the Polygon Chain Development Kit (CDK).

This move to Ethereum Layer 2 marks a strategic pivot for Canto, with the aim of enhancing decentralized finance and real-world asset adoption at the application layer. By leveraging zero-knowledge proofs, Canto intends to provide users with greater decentralization and trustlessness when bridging assets.

The implementation of Plonky2 ZK proofs will be a key aspect of this transition. Importantly, Canto’s existing proof-of-stake validators will remain in place for decentralized ordering, ensuring a seamless transition for validators and stakers.

Canto is collaborating closely with Polygon, a prominent Ethereum scaling developer, to facilitate this migration. Polygon’s Chain Development Kit (CDK) serves as the foundation for the revamped Canto blockchain, offering a versatile set of tools to build and design ZK chains tailored to specific community requirements.

The Polygon CDK is recognized for its permissionless and open-source nature, enabling developers to create high-speed, feature-rich networks that remain interoperable with the Ethereum ecosystem.

This strategic move follows a broader trend in the blockchain space, with several Layer 1 projects, including Celo, making similar shifts to Ethereum Layer 2 solutions in pursuit of enhanced scalability and functionality.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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