Preliminary exploration of Polygon2.0: To build an "Internet value layer", can it break through the fierce competition?

PANews

特邀专栏作者

2023-06-13 20:30 (UTC+8)

This article is about 1475 words, reading the full article takes about 3 minutes

A glance at the core goals and important time points of Polygon2.0

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A glance at the core goals and important time points of Polygon2.0

Reference source:Reference source:

Polygon official website

Original Compilation: Jordan, PANews

This article intends to explore Polygon 2.0 to help the encryption community understand why Polygon wants to build an "Internet Value Layer".

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"Value layer" - the concept that all blockchains aspire to achieve

The "value layer" is a concept that almost all blockchains aspire to achieve, including Ethereum.

In fact, the traditional Internet has two characteristics:

l Unlimited scalability: Internet throughput can be expanded elastically, and when we need more capacity, we can build capacity expansion.

l Uniformity: Internet information exists in a shared environment and can be accessed from anywhere in the world.

Ethereum introduced the concept of the Internet value layer, showing that people can seamlessly and safely create, exchange and program value without intermediaries, but the problem is that compared to the traditional Internet, Ethereum, and the wider encryption ecosystem The limitations of the system in terms of scalability and unity are even greater. First, it is difficult for a single blockchain to expand infinitely, and there are strict throughput limitations; second, although it is possible to increase capacity by creating new chains, in this way, liquidity will be "dismantled", and security and capital efficiency will also be affected. Lower it even further—and that's where Polygon 2.0 comes in.

Polygon's vision is actually not complicated-to build the value layer of the Internet, just like the Internet allows anyone to create and exchange information, the Polygon 2.0 Internet value layer will be a basic protocol that allows anyone to create, exchange and program "value". Polygon 2.0 will be built on Polygon's existing two-layer blockchain network. Unlike the current Ethereum two-layer sidechain version, Polygon2.0 is more like a "two-layer network network" powered by zero-knowledge proofs , through the innovative cross-chain coordination protocol to realize the serial work of the unified network.

In theory, the Polygon 2.0 network can support an almost unlimited number of blockchains, and it can also improve infinite scalability and unified liquidity. Cross-chain interactions can happen safely and instantly without additional security or trust assumptions. Polygon 2.0 will become the blueprint for building this value layer. For end users, using the entire network is like using a chain, and ultimately realize the "value" pattern that Ethereum cannot achieve.

In the words of Polygon Labs President Ryan Wyatt, Polygon 2.0 has three core goals:

1. Unified protocol: seamlessly use zkEVM, PoS and Supernets, you will feel like you are using a single chain.

3. Long-term decentralized governance.

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Polygon 2.0 important time points

It is reported that the Polygon 2.0 upgrade will introduce a set of modules to provide infinite scalability and unified liquidity through zero-knowledge proof technology. Developers can use these modules to build their own blockchain networks. These modules include consensus and synchronization. mechanisms, fraud proofs, etc., with the goal of providing a more flexible and powerful platform for decentralized applications (dApps).

Over the next few weeks, Polygon will detail each component of Polygon 2.0, topics such as the future of the Polygon proof-of-stake blockchain, the utility and evolution of the Polygon token, and the transition to greater community governance for the protocol and treasury, specifically as follows:
Week of June 19: Polygon 2.0 Pos Chain
Week of June 26: Polygon 2.0 Architecture and Stack
Week of July 17: Polygon 2.0 Governance

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built on reputation

Last week, Polygon (MATIC) was flagged as a security in a lawsuit filed by the SEC against Binance alleging that the crypto asset securities were sold as investment contracts. In response, Polygon founder Sandeep Nailwal posted on social media, suggesting that Polygon will not be affected by this incident, saying:

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