Polygon - Ethereum's internet of blockchains
Blockchains power a revolution to provide Digital Sovereignty, but most solutions today can't scale to a bn users
Polygon enables access to the blockchain and its application for everyone, and also creates a wide range of solutions varying from standalone EVM chains to L2s
They have accepted the Ethereum's Modular blockchain thesis and are creating the best execution/data layers
Let's look at Polygon product stack
- POS sidechain
- Polygon Supernets
- Polygon Zero
- Polygon Miden
- Polygon zkEVM
- Polygon ID
- Polygon Edge
1)Polygon POS is an ethereum sidechain with very fast txns at Low cost
Polygon POS get's it's fast speed due to Dual POS mechanism and security & decentralisation by committing state(checkpointing) to Ethereum mainnet
- High transaction speed (~1 second)
- Negligible fees (~$0.01)
- Ethereum Compatibile
- 1.2B+ TVL
- ~3M txn per day
- 37K+ Dapps
2)Polygon Edge reduces the friction of creating custom chain, you can deploy any polygon solution in minutes!
It is a modular framework for building Ethereum-compatible blockchain networks(POS or L2s)
Consensus, Execution, RPC, bridges etc are available as plug-ins
3)Polygon Supernet built upon Edge, Supernets abstract the process of deploying new chain:
- Validator as a Service - Validators are the biggest expense of a new chain, Polygon provides validators on demand for free
- Optional Shared Security
- Interoperability - Supernets would have a standard framework to be interoperable
- $100M fund to foster growth of ecosystem
Supernets enables cosmos/avax like app-chains that are built on top of ETH, providing high scalability and sovereignty to Dapps or enterprises
4)Polygon Avail is a data availability layer which can be used by rollups as a layer to submit txn data
They use KZG proofs like Eth Sharding(2024) to ensure data availability which gives very strong guarantees to rollups
This will reduce rollups fees to <$0.001
5)Zk Rollups are the holy grail of scaling, they do processing outside of Eth mainnet and submit a ZK proof of computational integrity which is verified by Mainnet
Storing just proof & compressed transfer data increases network throughput significantly
6)Polygon ID is self-sovereign private identity solution that let's you prove the identity of a person without revealing the identity to anyone through zk tech
ID is private by default, offers on-chain verification and permissionless attestation also solves one of the biggest problems of blockchain networks - Sybil-resistance, which means it can help identify humans vs bots while maintaning the user privacy
This can help with creating a democracy in governance or identify users for airdrops
Product Summary:
Polygon has created robust scaling solutions in various flavors and robust infrastructure, all further pushing this industry forward. Show Less
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