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Polygon Labs has announced its integration with Celestia, a provider of data availability solutions, in a move that could revolutionize the cryptocurrency ecosystem. This collaboration is set to significantly improve the efficiency of Layer 2 projects using Polygon’s Chain Development Kit (CDK), including platforms such as OKX, Immutable, Astar, IDEX, Palm Network, and more. The integration has the potential to reduce gas rates by up to 100 times for Layer 2 chains in the Polygon 2.0 ecosystem.
The key technology behind this integration is zero-knowledge rollups, which allow for the aggregation and completion of off-chain transactions on the Ethereum core network. However, a challenge arises in verifying data availability and ensuring secure retrieval and confirmation of stored off-chain data by all network participants.
This is where Celestia’s data availability solution comes into play. By providing its own storage bandwidth for multiple Layer 2 networks simultaneously, Celestia enables networks to run lightweight nodes, facilitating efficient data availability verification without straining the network.
Sandeep Nailwal, co-founder of Polygon, emphasized the significance of this integration, stating that Celestia’s turnkey solution, combined with the interoperability and unified liquidity provided by Polygon 2.0, will make creating new Layer 2 chains as simple and affordable as deploying a smart contract.
In summary, the integration of Celestia with Polygon CDK enhances the launch of Layer 2 networks on Ethereum, reducing transaction fees for end users and making it easier for developers to incorporate Celestia’s technology into their projects. With the use of zero-knowledge technology, scalability through data availability sampling, and the adoption of Polygon CDK by various platforms, this integration is set to make the operation of Layer 2 networks more efficient and cost-effective.