Fun

Astar Network launches Astar zxEVM on Polygon AggLayer

News Feed - 2024-03-06 09:03:00

Tristan Greene9 hours agoAstar Network launches Astar zxEVM on Polygon AggLayerThe new zero-knowledge layer-2 chain is the first to be integrated into AggLayer.532 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAstar Network, a blockchain firm based in Japan, launched Astar zxEVM on March 5, becoming the first layer-2 chain to integrate into Polygon’s AggLayer.


Astar zkEVM is a zero-knowledge layer-2 chain designed to enable cross-chain transactions between the Astar and Polygon blockchains. It’s integrated through AggLayer, a protocol that supports multichain smart contracts via aggregate zero-knowledge proofs (ZK-proofs), essentially making the chains seemingly operate for end-users as though they’d merged into a single network.


According to a blog post from Polygon Labs, AggLayer brings “uniform cryptographic security and atomic composability across aggregated chains without sacrificing sovereignty,” which is to say that transactions remain immutable throughout the entire process of crossing chains.


In a press release seen by Cointelegraph, Sota Watanabe, founder of Astar Network, said the move came as part of Japan’s national tech strategy:“Our integration in the AggLayer and continuous investment in development solidifies Astar zkEVM’s position as Japan’s web3 authority for innovation, entertainment, and retail dApps, positioning Astar at the forefront of Japan’s web3 expansion in the enterprise, retail, and government sectors, accelerating the growth of web3.”


As Cointelegraph reported, AggLayer was announced just a little over a month ago with the goal of easing friction for users across chains.


Polygon Labs compared the result to an end-user experience more in line with the internet. Instead of manually connecting, recovering and restaging assets to facilitate cross-chain movement, AggLayer basically does the connecting and converting behind the scenes. This works much like today’s Web2 experience, where users click on a link and all the handshaking between sites and across domains occurs in the background.


Sandeep Nailwal, co-founder of Polygon, said in a statement that the onset of the AggLayer era was an important milestone:“Today is an important first step to welcome communities to a seamless multichain ecosystem. With Astar and numerous other ZK-powered chains onboarding soon, Polygon CDK and AggLayer are poised to bring internet-scale capabilities to the world of crypto.”


Related:Institutional investors execute on-chain AVAX tokenized loan# Blockchain# Japan# Sidechains# Integration# PolygonAdd reactionAdd reaction

News Feed

Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US
Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US Three people have been charged in the U.S. over two cryptocurrency s
370K nodes on HyperCycle could combat AGI threat to humanity
Andrew Fenton4 hours ago370K nodes on HyperCycle could combat AGI threat to humanityA new ledgerless blockchain is connecting AI agents around the world and, one day, hopes they will combine into artificial general intel
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Ko
Analysts Question Gold’s Safe Haven Status – 2008 Data Shows Central Banks Oversaturated Bullion Markets
Analysts Question Gold’s Safe Haven Status - 2008 Data Shows Central Banks Oversaturated Bullion Markets After bitcoin prices dropped below the $5K region on Monday morning, go
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects
Sony and Astar Network Launch Web3 Incubation Program for NFT and DAO-Focused Projects On Feb. 17, 2023, Tokyo-based Sony Network Communications announced that it is co-hosting a W
Cardano (ADA) Price Surges 32% In 4 Days: Here’s Why
Este artículo también está disponible en español. Cardano (ADA) has experienced a significant surge over the past four days, with its price increasing by an impressive 32
Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session
Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session Solana was one of Tuesday’s notable movers, as the token rebounded from losses to start the week. The move co
10 Countries Actively Regulating Cryptocurrency Despite Global Crisis
10 Countries Actively Regulating Cryptocurrency Despite Global Crisis Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announc
Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On
Tether"s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers OnThe total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-l
SEC approves Grayscale Bitcoin Mini Trust for Trading on NYSE Arca
Alex O’Donnell1 hour agoSEC approves Grayscale Bitcoin Mini Trust for Trading on NYSE ArcaGrayscale must await final regulatory signoff on its registration filing before listing the fund821 Total views30 Total sharesLi
Cardano Holds Crucial Support At $0.77 – Massive Rally Ahead?
Este artículo también está disponible en español. Cardano (ADA) has faced a challenging period, experiencing a sharp 42% correction since reaching a multi-year high of $1
Helen Partz14 hours agoNew US bill to require firms to report off-chain transactions to CFTCThe new legislation aims to protect crypto investors from disputes, manipulation or fraud potentially stemming from transactions