We have started collaboration with EY, a global professional services and technology firm, on building Ethereum scaling and enterprise solutions!
As part of this collaboration, we will work on Polygon Nightfall, a privacy-focused Rollup!
2/9 EY announced Nightfall in 2019 as a set of protocols for enabling private transactions on Ethereum.
Although it is a great contribution that quickly gained a lot of attention, Nightfall's wider adoption was hindered by congestion and high gas fees on the Ethereum mainnet.
3/9 The EY team started exploring Ethereum scaling solutions to mitigate these challenges and eventually released Nightfall 3 - the latest, scalable version of Nightfall.
Along the way, the EY team started collaborating with Polygon, and the idea Polygon Nightfall was conceived.
4/9 Polygon Nightfall is one-of-a-kind, privacy-focused Rollup that effectively combines the major concepts of Optimistic Rollups with Zero-Knowledge (ZK) cryptography commonly used in ZK-Rollups, thus creating a scalable and private hybrid of the two popular technologies.
5/9 With privacy being a fundamental requirement for enterprise use cases as well as one of the most requested features by blockchain users overall, we strongly believe a solution like this is highly needed and will have a great product/market fit and adoption.
7/9 Polygon Nightfall will be a great addition to our growing suite, alongside Polygon PoS, Polygon Hermez, Polygon SDK etc.
It also aligns with our recently announced strategic focus on ZK-based solutions.
For all these reasons, we are elated to work with EY on this project.
8/9 Apart from Polygon Nightfall, we are collaborating with EY on multiple fronts:
- Integration of Polygon networks with EY blockchain platform;
- Creation of privacy-focused enterprise chains based on Nightfall etc.
We are announcing a strategic focus on ZK-based scaling solutions and $1B in funding for this effort.
As our first big foray into the exciting world of ZK, we are excited to announce the merger/acquisition of @hermez_network! π₯
Thread.. π§΅
2/14 Six months ago, when we announced Polygon, there was a pressing need to scale Ethereum and our PoS chain turned out to be the best immediate solution/relief.
Now both Polygon and Ethereum are in a better place, so we believe it is the right time to focus more on innovation.
3/14 We have been actively experimenting with all major scaling technologies since 2017.
Based on what we have learned, we believe that ZK crypto is our best bet to build the solutions we all want and deserve.
1/ We are extremely excited to announce Avail - an important component of a completely new way on how future blockchains will work. #Avail is a general-purpose, scalable data availability-focused blockchain targeted for standalone chains, sidechains & off-chain scaling solutions.
2/ #Avail provides a robust data availability layer by using an extremely secure mathematical primitive - DA checks using erasure codes. We use KZG polynomial commitments to create a 2D DA scheme.
Simply put, Rollups provide an easy way to bypass the problem of all Ethereum nodes having to execute txns present in a block, to verify the validity of included transactions.
3/12 ZK Rollups do this by executing txns off-chain and submitting proofs called validity proofs back to Ethereum.
Optimistic Rollups solve this by executing txns off-chain and submitting assertions on Ethereum, with an added challenge period. These are secured by fraud proofs.
1/9 Beloved @0xPolygon & Ethereum family and dear crypto community,
Today, we are proud and excited to announce Polygon SDK! π₯π
Polygon SDK is an important milestone for Polygon and a major step towards Multi-chain Ethereum! π¦π«
Keep reading to learn more...
2/9 Our vision is for Polygon SDK to effectively transform Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). πΈοΈβοΈ
By doing this, it will at the same time further establish Polygon as the leading scaling and infrastructure platform of Ethereum. π«
3/9 A little known fact is that Ethereum is already the biggest multi-chain in the world!
It has organically developed and grew to host a multitude of chains that are all adding value to its ecosystem:
π 150+ EVM chains;
π Hundreds of enterprise chains;
π Dozens of L2s.
First, @sandeepnailwal, the Co-Founder of Polygon, will share a presentation about the last 12 months and what's in store for next year, followed by two short panels.
3/6 π NFT Panel: @dfinzer from OpenSea & Dave Carr from @decentraland will be joining the panel to discuss "Why are artists, creators and NFT projects finding value on Polygon?"