- Polygon (MATIC) developers have unveiled a timeline for releasing the interoperability layer for Polygon 2.0.
- The protocol promises to revolutionize the crypto user experience.
- The interoperability layer is one of four featured in the Polygon 2.0 architecture.
In June 2023, Polygon Labs unveiled the 2.0 roadmap for Polygon (MATIC) to transform its ecosystem into a network of zero-knowledge-powered Layer 2 chains offering unified liquidity and promising unlimited scalability.
Following the launch of the Polygon Chain Development Kit (CDK) and the release of POL token contracts, MATIC’s proposed replacement, on the Ethereum mainnet, the team has released the timeline for yet another significant step to bring the 2.0 vision closer to reality.
Unified Liquidity on the Horizon For Polygon (MATIC) Powered Chains
In a blog post on Wednesday, January 24, Polygon Labs revealed that it would release the first version of the interoperability layer for its growing Polygon ecosystem in February 2024.
Sponsored
According to Polygon Labs, the protocol dubbed the aggregation layer or “AggLayer” will tackle the problem of fragmented liquidity and scalability by combining the benefits of monolithic blockchains with that of modular blockchains, offering the unified liquidity and user experience of the former while allowing for sovereignty and greater scalability like the latter.
In short, the AggLayer promises to allow users to experience Polygon’s ecosystem of independent ZK-powered application chains built with the CDK like a single blockchain. To this end, AggLayer will enable “near-instant” and “atomic transactions” between chains. In its final form, Polygon Labs claims that the interoperability layer will execute these transactions in less than one second.
The AggLayer is one of four layers outlined in the Polygon 2.0 architecture.
The Full Picture
In addition to the AggLayer, the Polygon 2.0 architecture would also feature the staking layer, the execution layer, and the proving layer. Like the AggLayer, the staking layer is one of the most ambitious aspects of the architecture.
The staking layer would allow Polygon-powered chains to achieve decentralization through a shared validator and a built-in restaking model. This layer is critical to POL’s “hyperproductive token” classification. Through the staking layer, POL stakers could validate transactions across multiple chains and earn rewards across these chains.
So far, Polygon’s 2.0 roadmap has seen buy-in from over 20 projects, including Flipkart, Palm Network, and OKX.
On the Flipside
- Near-instant cross-chain transactions will come only when Polygon Labs releases AggLayer version 2 later in 2024.
- Polygon’s envisioned multichain ecosystem faces stiff competition from Optimism and zkSync.
Why This Matters
The near launch of the AggLayer brings the Polygon 2.0 roadmap one step closer to reality. If completed, it promises to provide users with an experience similar to today’s internet. The move could significantly bolster blockchain and crypto adoption.
Read this to learn more about Polygon’s 2.0 roadmap:
How Polygon 2.0 Brings the Polygon Ecosystem Together
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