To reduce L2 fees
Polygon Labs, the development team for the crypto asset (virtual currency) Polygon (MATIC), announced on the 12th that its development kit, Polygon CDK, will be compatible with the modular blockchain Celestia.
The release date is set to be “early next year,” and once it is supported, developers using Polygon CDK will be able to use Celestia to build networks. Polygon Labs claimed that by using Celestia, it will be possible to reduce Ethereum (ETH) L2 fees by up to 100 times.
Build whatever, with Polygon CDK 🧱@CelestiaOrg‘s high-throughput, modular data availability (DA) solution will integrate with Polygon CDK, lowering the barrier for launching high-throughput Layer 2 chains on Ethereum.
The integration will enable fully onchain applications and… pic.twitter.com/EfDk5cYRbb
— Polygon (Labs) (@0xPolygonLabs) December 12, 2023
What is a polygon?
A project that addresses Ethereum’s scalability issues. It has developed multiple solutions such as “Polygon PoS” and “Polygon zkEVM.”
▶️Virtual currency glossary
Modular means that parts can be combined to form a network. Celestia is a blockchain specialized in data availability. Polygon CDK is a development kit for building new L2 chains on Ethereum.
Polygon Labs said that by supporting Celestia, it hopes to make it easier to overcome the barriers to building L2 with high processing power. Sandeep Nailwal, co-founder of Polygon, also commented as follows:
If we can launch a high-throughput L2 that leverages zero-knowledge proofs (ZKs) as easily as we deploy smart contracts, blockchain adoption will continue to grow, similar to the precedent of high-speed fiber for Web2 apps. It will move on.
Compatibility with Celestia means Web3 broadband.
Celestia’s native token “TIA” has soared 19.8% from the previous day and 169.9% from the previous month at the time of writing this article (see CoinGecko).Shortly before this announcement, Polygon Labs made a statement to X that hinted at support for modular technology.PostSince then, prices have increased further.
connection: Modular BC construction “Celestia” encourages early participation through airdrop targeting 580,000 addresses
About Polygon CDK
Polygon is currently working on a new development plan called “Polygon 2.0.” Preparing to replace MATIC tokens with POL tokens is part of that plan. Polygon 2.0 utilizes zero-knowledge proofs.
connection: Polygon new currency “POL” deployed on Ethereum mainnet
Polygon CDK is a development kit that allows you to easily build “L2 chains that utilize zero-knowledge proofs.” For example, Aster Network (ASTR) has adopted Polygon CDK in the development of Ethereum L2.
connection: What impact does “Astar zkEVM” have on the practicality of the virtual currency ASTR?
Polygon Labs said in the announcement that in the future, chains developed with Polygon CDK will be interoperable and can be integrated within the wider web of the ecosystem.