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Polygon CDK unlocks automatic entry to Ethereum’s liquidity

Gary Flanders by Gary Flanders
2 years ago
Polygon CDK unlocks automatic entry to Ethereum's liquidity
  • Polygon recently unveiled its Chain Development Kit (CDK) to address appchain issues.
  • The Polygon CDK allows developers to create custom chains on Ethereum.
  • Polygon 2.0 will introduce a new token, POL, for multi-chain staking.

Polygon has recently unveiled its Chain Development Kit, known as Polygon CDK, through a detailed Twitter thread addressing the issue of “walled gardens” in current appchain ecosystems. On August 29, Polygon pointed out on Twitter that numerous appchain ecosystems are grappling with liquidity and interoperability issues. However, a blog post introducing the Polygon CDK underscored how Polygon 2.0 revolutionizes this scenario’s conceptualization of the “Value Layer of the Internet.”

How do we fix the “walled garden” issue in existing appchain ecosystems?

Until now, liquidity has either been fragmented, or these ecosystems are interoperable but saddled with friction.

Polygon CDK (Chain Development Kit) fixes this.https://t.co/Bq3HhOeg81 pic.twitter.com/LLDc7SVRtL

— Polygon | Aggregated (@0xPolygon) August 29, 2023

The discourse elucidated that developers can utilize the open-source Polygon CDK, which boasts a modular codebase, to initiate their unique ZK-enabled layer-2 chains on Ethereum. The Polygon write-up highlighted the technology’s capacity for effortless interoperability.

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By connecting to a shared ZK bridge, every chain is also seamlessly interoperable – connected to every other. Together, these chains form the value layer of the internet.

Furthermore, the Polygon CDK allows developers to select bespoke Polygon CDK components for constructing their custom chains according to specific needs. The CDK also enables Polygon Supernets to enhance their architecture with cutting-edge Polygon ZK technology. The Polygon zkEVM protocol delivers Layer 2 Rollup solutions by integrating cryptographic zero-knowledge proofs with the Ethereum Virtual Machine (EVM).

Polygon CDK addresses the liquidity crisis by linking any deployed chain to other Polygon chains, facilitating near-instant finality and cross-chain execution across all networks. Furthermore, Polygon CDK eliminates the need for users to run full nodes to authenticate transactions. Chains created using the CDK rely on cryptographic security protocols rather than the social prerequisites typically needed for fraud prevention. Consequently, the integrity of chain states is proven through mathematical methods.

In addition to seamless integration with shared liquidity and effortless connectivity to Ethereum’s liquidity pool, Polygon CDK provides advanced access to Polygon’s high-speed proving and proof aggregation technology, primed for production. This is a key feature for professionals in the crypto industry.

Polygon 2.0 is set to roll out several enhancements, one of which is the introduction of a new token, POL. This token is touted as a significant technical improvement over MATIC, according to the platform’s co-founder, Sandeep Nailwal. He elaborated that POL offers the advantage of being utilized for multi-chain staking, thereby circumventing the potential hazards associated with restaking.

Tags: EthereumLiquidityMATICPolygonPolygon 2.0Polygon CDK
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Gary Flanders

Gary Flanders

Passionate writer who is keenly exploring crypto and Blockchain loves to know about new things and explore what is happening in the world. Cherishes writing, primarily about cryptocurrency and Blockchain.

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