Exclusive

Polygon aims to launch 'AggLayer' focused on blockchain interoperability in February

Quick Take

  • Polygon will introduce a blockchain aggregation layer or “AggLayer,” focused on unifying liquidity.
  • It will allow developers to connect blockchains with zero knowledge proofs, leveraging Ethereum for settlement.

Polygon MATIC +0.51% Labs will release a new solution called aggregation layer (or AggLayer) – aiming to connect blockchains with zero knowledge proofs.

The first version of the solution is planned to be released in February, Polygon Labs said, enabling developers to connect blockchains to support unified liquidity. 

The objective will be to ensure uniform security across modular and monolithic chains, including those within the Polygon ecosystem. 

AggLayer and ZK proofs

"As a central component of Polygon 2.0, AggLayer will use ZK proofs to create an aggregated environment that feels like a single chain – even as each chain in the ecosystem remains sovereign," Polygon Labs stated.

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy
By signing-up you agree to our Terms of Service and Privacy Policy

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.

Polygon is eyeing to build a Layer 2 ecosystem based on ZK-Rollups. Polygon 2.0 will bring together multiple Layer 2 chains rooted in ZK rollups, enabling cross-chain communication.


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.

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]

Editor

To contact the editor of this story:
Nathan Crooks at
[email protected]