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

All Eyes on the Next Fed Meeting: Market Trajectories Hinge on Decision
All Eyes on the Next Fed Meeting: Market Trajectories Hinge on Decision Equities, precious metals, and cryptocurrencies have been on a tear during the last three weeks of 2023, and
Vitalik Buterin Warns Current Crypto Wallets Are Not Ready for Mainstream Adoption
Vitalik Buterin Warns Current Crypto Wallets Are Not Ready for Mainstream Adoption The cofounder of the world’s second-largest cryptocurrency, ethereum, wa
Ethereum Whales Sell, But Bitcoin’s Key Investors Are Buying
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
David Attlee2 minutes agoCity of Lugano integrates Polygon into its crypto-payment systemPolygon has been a partner for the Swiss city since at least 2022, providing the infrastructure for its stablecoin.50 Total viewsLi
Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors
Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in exist
US Treasury to Reveal Crypto Holdings as SEC and Gemini Shake Hands – Will the Hype Rally These Best Altcoins?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Breakout In Sight? SUI Set To Test Crucial $3.5 Resistance With ATH In View
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
XRP Daily RSI Trendline Breaks Down – What It Means For Price
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
While Speculators Believe Bitcoin’s Third-Largest Wallet Is a Mystery Whale, Onchain Data Suggests It’s an Exchange
While Speculators Believe Bitcoin"s Third-Largest Wallet Is a Mystery Whale, Onchain Data Suggests It"s an Exchange The price of bitcoin has dipped below the $60K zone, a number of
Turner Wright6 hours agoSam Bankman-Fried’s legal team moves to pursue theory on FTX terms of serviceLawyers petitioned the court to allow them to question witnesses for the prosecution based on FTX’s terms of servic
Tom Blackstone5 hours agoPancakeswap integrates Transak for fiat onboarding on multiple chainsPancakeswap now allows users to purchase crypto with debit card, Google Pay, Apple Pay, and other methods through Transak.669
US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil
US Presidential Candidate RFK Jr. Says Bitcoin Provides An ‘Escape Route’ From Financial Turmoil On Monday, Robert F. Kennedy Jr. once again cautioned the public to be wary of