Polygon Labs has formally proposed a technical improve for Celo, suggesting its transition from an unbiased EVM-compatible L1 to an Ethereum L2. This proposal was made public on September 21, simply 9 hours after its preliminary announcement by SandeepN.
The Proposal in Element
Polygon Labs’ advice revolves round Celo deploying an L2 utilizing the Polygon Chain Growth Package (CDK). This open-source toolset permits builders to create their very own ZK-powered L2 for Ethereum. It additionally facilitates the conversion of current L1s to Ethereum L2s with minimal friction, emphasizing modularity.
Key Worth Propositions of Polygon CDK
Enhanced Collaboration: By becoming a member of a sturdy ecosystem of ZK-powered L2s, there’s potential for elevated cross-community collaboration.
EVM-Equal Surroundings: Builders can obtain the closest alignment with Ethereum technically doable.
Safety: The system leverages Ethereum’s confirmed consensus layer mixed with the safety of zero-knowledge proofs.
Low Charges: Achieved by means of a zkEVM validium structure and off-chain information availability.
Unified L2 Ecosystem: This merges the Ethereum mainnet and Polygon ecosystem right into a single expansive economic system.
Customizability: The system affords an app-chain stack and interoperability with all Polygon L2 chains.
Quick Transactions: Close to-instant withdrawals and speedy cross-chain interactivity are secured by ZK.
Excessive Requirements of Assist: Assembly the requirements of main Web3 initiatives and Web2 corporations.
Ethereum Alignment and Background in ZK
Polygon Labs has constantly aimed to scale Ethereum and its core values. With L2 and rollups on its roadmap, Ethereum’s future is geared in the direction of scaling securely and seamlessly. Polygon Labs’ core builders have invested years in ZK know-how to align intently with Ethereum. Improvements just like the Plonky2 ZK proving system have enabled L2s to see decreased charges and finality occasions, all whereas inheriting Ethereum’s decentralization, safety, and current tooling.
Improve Worth Propositions
The proposal addresses each the preliminary worth propositions urged by cLabs and distinctive worth propositions unlocked by Polygon CDK. These responses delve into the technical worth of deploying with Polygon CDK and place this determination throughout the broader efforts of scaling Ethereum.
Potential Impression on the Celo Neighborhood
Validators: The Polygon CDK affords deployment in rollup or validium mode, permitting present Celo validators to take part. They might both act as a knowledge availability committee or as sequencers.
Builders: Builders will profit from the EVM-equivalent nature of Polygon CDK, maximizing the community results of Ethereum alignment.
Customers: Transaction price modifications with Polygon CDK are anticipated to be minimal.
CELO Holders: CELO will stay the governing token of the Celo ecosystem, with holders retaining management over core good contracts and the validator set.
Conclusion
Polygon Labs’ proposal goals to develop on the worth propositions highlighted by cLabs for Celo’s improve to an Ethereum L2. The dialogue between Polygon Labs and the Celo group is anticipated to proceed, with the shared objective of reaching optimum technical upgrades for the blockchain group.
Picture supply: Shutterstock
