- Polygon has explored multiple approaches to solve Ethereum’s scalability challenges.
- The team now appears ready to converge these efforts with Polygon 2.0.
- Polygon Labs recently gave users a peek into how this will work.
Known for not shying away from experimentation, Polygon has explored different approaches to solve Ethereum’s scalability challenges, leading to the launch of multiple blockchains offering disparate solutions.
But this approach raised the question of how it would all come together and whether there was a big picture. Polygon’s answer? Polygon 2.0. Touted as “the ultimate value layer,” the project aims to allow users to experience the Polygon network like a single blockchain, promising to unify liquidity and offer unlimited scalability.
Sponsored
Following the project’s announcement, Polygon Labs recently gave users a peek under the hood to see the components that will make up this exciting project.
Polygon 2.0 Architecture Unveiled
In a blog post on Thursday, June 29, Polygon Labs unveiled the proposed structure and design of Polygon 2.0. The project architecture notably features four layers, including the staking layer, interoperability layer, execution layer, and proving layer.
While each layer is essential to the Polygon 2.0 vision, the staking and interoperability layers arguably represent the most ambitious aspects of the architecture.
The staking layer allows participating Polygon networks to achieve decentralization through a shared “highly decentralized validator pool and in-built restaking model.” The layer is important as it will enable developers to focus on solutions and community development instead of infrastructure. It will notably leverage Polygon’s MATIC.
Sponsored
Following the staking layer is the interoperability layer at the heart of Polygon’s goal of unifying liquidity. The team asserts that this layer will allow for “near-instant and atomic” transfer of assets across Polygon chains, with Polygon’s proprietary “aggregator” concept offering access to native Ethereum assets and eliminating the need for token wrapping. This layer expands on the LxLy protocol used on Polygon zkEVM.
The execution layer follows the interoperability layer. Similar to execution layers on other blockchains, Polygon 2.0’s execution layer will allow for block production. Here, Polygon plans to reuse time-tested solutions like Erigon.
The final layer, dubbed the proving layer, will serve as a common transaction prover for all polygon chains.
Polygon Labs maintains that it will offer more details about each proposed layer in the coming weeks, urging community members to provide feedback.
On the Flipside
- Multichain networks are not new in the crypto space. Cosmos and Polkadot are prime examples, though each comes with differing implementations.
- Optimism is working towards becoming a “superchain” with the Bedrock upgrade.
Why This Matters
Polygon 2.0 promises to usher in a more fluid experience for Polygon users bringing together the unique scalability solutions that have been developed so far.
Read this to learn more about Polygon 2.0:
What is Polygon 2.0, and How Does It Transform the Network?
Gary Gensler’s future at the SEC has been called into question. Find out more:
Is Gensler’s SEC Future at Risk? Resignation Rumors Raise Questions
