Polygon Labs Unveils Major Upgrade To Sidechain With ‘zkEVM Validium’ Layer 2
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Polygon Labs, the engineering team behind the popular Polygon PoS (Proof of Stake) chain, has proposed a major upgrade to the network. The upgrade would introduce a “first-of-its-kind” decentralized L2 (Layer 2) secured by zero-knowledge (ZK) proofs, making the Polygon ecosystem more secure, performant, and a core part of the upcoming Polygon 2.0 ecosystem. This upgrade marks a significant milestone in the blockchain industry, as it would be the first time an existing chain, especially of this size and importance, adds ZK proofs to become an L2. Polygon Labs Sets The Bar High Per the announcement, the upgrade proposes using
Celo, a blockchain platform, is exploring migrating from its standalone blockchain to an Ethereum (ETH) Layer-2 (L2) network. Originally, Celo had planned to utilize Optimism’s OP Stack, a customizable toolkit similar to Polygon (MATIC) but based on Optimism’s technology. However, Sandeep Nailwal, co-founder of Polygon Labs, has proposed an alternative…
The Polygon (MATIC) price broke out from an ascending parallel channel on October 22. It validated it as support five days later. During the increase, the price reclaimed the $0.60 horizontal resistance area. Is this the beginning of the trend reversal? MATIC Reclaims Horizontal Resistance The weekly timeframe technical analysis…