BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Canto is moving its DeFi-focused app chain to Polygon

Canto, a blockchain designed for decentralized finance applications, plans to undertake a layer change.



The team behind the alt layer-1 network intends to transition to a zero-knowledge layer-2 on Ethereum, via the Polygon Chain Development Kit. 



The Polygon CDK is a modular codebase designed for developers that want to launch their own zk-powered layer-2 chains. Developers who want to be part of the Polygon CDK will automatically gain access to shared liquidity through a zk bridge and interoperability layer.



The Canto team notes that if participants on Canto Commons, the project’s governance forum, can reach an agreement, the network would be able to tap into the liquidity within the Polygon ecosystem and inherit security properties from Ethereum — rather than relying on fraud proofs and economic incentives.



Read more: Polygon is focused on a future of zero-knowledge proofs



Its interoperability layer is also extremely valuable, Blockworks research analyst Dan Smith notes.



“Chains that share the same prover and bridge contract can agree to trust each other and enable fast asset transfers without additional trust assumptions,” Smith said. “These ecosystems with richer bridging more effectively scale Ethereum as users are not forced to take on additional risks with third-party bridging.”



Canto would write its zk proofs with Plonky2, whilst maintaining a proof-of-stake validator set, the development team wrote in a statement. The team also noted that validators and stakers on Canto will remain the same.



Other blockchains have been built using the Polygon CDK. Immutable, a Web3 gaming developer, has also been actively testing the technology.



Ignatius Widjaja, product lead and principal blockchain engineer at Immutable, told Blockworks that the team is excited about using a Type 1 validity prover with its Immutable zkEVM network. 



“Polygon has continued to iterate on its underlying technologies, from its sequencer to prover to its off-chain data availability layer solution, to ensure they have the best modular components,” Widjaja said. 







Don’t miss the next big story – join our  free daily newsletter .

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Canto is moving its DeFi-focused app chain to Polygon


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News

GlobaleCrypto Reinvents Cloud Mining: Signuo and get 7$


Dokky Bookcase Script