Polygon Labs Paid $4M to Host Starbucks’ Failed Foray Into Crypto: Sources
Polygon once hailed Starbucks
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Polygon
Polygon once hailed Starbucks
The Cyclone Stack will include upgrades aimed at scaling and improving performance of the blockchain.
By plugging into the AggLayer, Astar users will have access to the liquidity in the Polygon ecosystem, allowing cross-chain transactions between Astar and Polygon zkEVM, making the experience feel like a single chain.
The announcement means that existing EVM chains or optimistic rollups can connect to the prover without modification, then plug into Polygon’s newly released Aggregation layer, providing access to “all of the liquidity and value on Ethereum itself,” Polygon said.
The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.
The goal of these “protocol councils,” sometimes called “security councils,” is to nudge these nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. How are they different from boards of directors?
A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like “The Bachelorette,” with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all vying to win the technology mandate.
The new “AggLayer,” set for launch next month, relies on zero-knowledge proofs, a type of cryptography that Polygon Labs is betting on as a core underpinning of future blockchain architecture.
Fox’s new blockchain tool might not help consumers suss out deep fakes, but it could be a boon to publishers struggling to navigate the AI age. We kicked the tires on the new technology.
Polygon Labs, a developer of scaling networks for Ethereum, has shifted toward “Polygon CDK,” a blockchain-development kit powered by zero-knowledge cryptography. The older “Polygon Edge” was used by Dogechain, in an unofficial effort to build a Dogecoin-oriented smart-contracts network.