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Place/Date: - February 9th, 2021 at 3:00 pm UTC · 3 min read Source: Polygon
Layer-2 scaling solution Matic Network has announced that it is rebranding as Polygon. The new name and branding will coincide with a strategic shift that will see Polygon focus on creating a multichain system akin to Polkadot on Ethereum.
Polygon’s multichain architecture, comprising L2 secured chains and standalone sidechains, will enable Ethereum to scale fast and effectively while dramatically driving down network fees. In addition to Plasma and the PoS chain pioneered by Matic, Polygon will support multiple layer-2 solutions such as Optimistic Rollups, zkRollups, and Validium, effectively making it an L2 aggregator. This approach, implemented via Polygon’s modular SDK, will enable projects to select the scaling solution that best suits their needs rather than being bound by any one option.
Matic rebrands to Polygon in pursuit of âPolkadot on Ethereumâ strategy The Layer-two protocol plans to become an aggregator and interoperability facilitator for Ethereum scalability solutions. 18273 Total views News
The Matic Network, a project developing an Ethereum-based layer-two solution and an independent proof-of-stake blockchain, announced Tuesday that it would rebrand to Polygon. While the existing products and the token would remain largely the same, the new branding signals a strategic change to become a layer-two aggregator.
Polygon is set out to support other Ethereum scalability solutions, notably Optimistic Rollups, ZkRollups and StarkWareâs Validium, in addition to its in-house platforms. The strategy will be implemented through a new Polygon SDK, which will allow developers to build their DApps on a scalable and Ethereum-anchored infrastructure, without having to choose any technology in particular.