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Quick Take
- Polygon will introduce a new aggregation layer called AggLayer within its network.
- It will allow developers to connect Layer 2 blockchains, leveraging Ethereum for settlement.
Polygon The first version of AggLayer will be released in February, Polygon Labs said. The goal is to enable developers to connect blockchains to support unified liquidity. AggLayer will ensure uniform security across connected chains, particularly those within the Polygon ecosystem. AggLayer will be a critical component of Polygon 2.0, the next iteration of the network. Unlike typical interoperability solutions, AggLayer will aggregate ZK proofs from all connected chains. "As a central component of Polygon 2.0, AggLayer will use ZK proofs to create a seamless, aggregated environment that feels like a single chain – even as each chain in the ecosystem remains sovereign," Polygon Labs stated. Polygon primarily operates a sidechain and a Layer 2 network based on ZK-Rollups: the Polygon zkEVM. It also offers a software development kit called CDK. Many Layer 2 networks have been developed using this CDK toolkit, including Immutable, OKX, Astar, Canto, Palm Network, Aavegotchi, and IDEX. The AggLayer is expected to facilitate the integration of all these chains under Polygon 2.0. In addition to AggLayer, Polygon Labs had previously announced its work on a “staking layer” for the ecosystem. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Labs will release a new solution called aggregation layer, or "AggLayer," aiming to connect blockchains with zero knowledge proofs.ZK proofs
About Author
Vishal Chawla is The Block’s crypto ecosystems editor and has spent over six years covering tech protocols, cybersecurity, artificial intelligence and cloud computing. Vishal likes to delve deep into blockchain intricacies to ensure readers are well-informed about the continuously evolving crypto landscape. He is also a staunch advocate for rigorous security practices in the space. Before joining The Block, Vishal held positions at IDG ComputerWorld, CIO, and Crypto Briefing. He can be reached on Twitter at @vishal4c and via email at [email protected]
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