10.6 C
16 May 2021
Image default

Polygon Network (Formerly Matic) Releases SDK to Solve Ethereum (ETH) Scalability Issues, Here’s How

One of the earliest Ethereum (ETH) scalability projects, Matic Network, is now rebranded as Polygon. How does it plan to remove blockchain throughput bottlenecks?

The recently announced rebranding of Matic Network into Polygon will not affect its existing popular product. So, what will change with the new strategy?

Polygon’s SDK to aggregate major Layer 2 instruments

Matic Network started its operations as Plasma-based Ethereum (ETH) scalability solution. Then, it evolved into an autonomous proof of stake (PoS) system that retained full compatibility with Ethereum (ETH).

article imageImage via Polygon

The main agenda for the ongoing phase of Polygon’s development includes delivering of its own software development kit (SDK). With this SDK, developers will be able to build complex systems of decentralized financial protocols (DeFis).

Polygon’s SDK will support all major Layer 2 tools, namely Optimistic Rollups, ZkRollups and Validium. Due to its modular design, DeFi developers will be able to choose the most suitable solution.

Thus, with Polygon’s SDK, multiple ways to scale Ethereum’s Virtual Machine become available to blockchain enthusiasts.

Bringing Lightning to Ethereum, introducing “Overlay Rollup”

The new Polygon strategy introduces one more sophisticated concept as it supports asynchronous EVM-based messaging systems.

Therefore, the new version of Lightning Network can be launched on Ethereum. In 2018, Raiden Network (RDN) set up similar experiments. Another pioneering concept by Polygon is the “overlay rollup,” the bridge that can combine all other Layer 2 platforms and permit inter-rollup interactions.

Thus, Polygon Network has ambitions to reconsider the way Ethereum (ETH) is scaled in 2021. Its new “rollup-based” roadmap also includes some perspectives of “sharded” design to achieve even more impressive bandwidth levels.

News Source

Related posts

Top Crypto Analyst Says These Are Bitcoin’s Price Levels to Watch After BTC’s 15% Drop


Bitcoin Extends Price Anniversary Rally to Hit $3,800 as Altcoins Surge Higher


Moneygram Hit With Class Action Lawsuit Over Ripple Partnership


Leave a Comment