Polygon Labs Shifts Focus from Edge to CDK Expansion
Polygon Labs has announced its decision to cease contributions to the Edge framework, also known as Supernets. The company is now channelling its resources towards the Chain Development Kit (CDK), a move reflecting a change in development priorities over the past year.
The Rise of CDK in Blockchain Networks
Initially, Edge was developed as an open-source tool under the Apache License 2.0. It played a crucial role in enabling the creation of custom blockchain networks compatible with Ethereum. However, the evolving landscape of blockchain technology has led Polygon Labs to pivot towards the CDK. This toolkit is specifically designed for developing various Layer 2 ZK-Rollups, which are Layer 2 networks crafted using zero-knowledge proofs.
Interoperability and Liquidity: The CDK Advantage
The CDK is garnering interest from numerous projects, including Immutable, OKX, Astar, Canto, Palm Network, Aavegotchi, IDEX, Nubank, and Manta Network, for their Layer 2 network developments. The CDK offers a key advantage over Edge of the capability for deployed chains to be interoperable within a broad network of ZK-powered L2s.
This interoperability creates a unified pool of liquidity, a feature not natively supported by Edge and requiring significant modifications for migration.
Polygon’s Dual Scaling Methods
Polygon Labs employs two primary scaling methods: Polygon PoS, a sidechain, and zkEVM, a zero-knowledge rollup network. The firm is also focusing on a significant development of the 2.0 upgrade. This upgrade, slated for release in 2024, is set to form an ecosystem comprising multiple chains with enhanced zero-knowledge capabilities.
Powered by the CDK, this ecosystem aims to integrate Layer 2 chains based on ZK rollups and facilitate cross-chain communication, marking a significant step forward in blockchain technology.
The shift in focus from Edge to CDK by Polygon Labs underscores the company’s commitment to staying at the forefront of blockchain technology. As the industry evolves, Polygon Labs is positioning itself to lead in developing advanced, interoperable blockchain networks.
Read Also: Coinbase to Appeal SEC’s Rulemaking Request Denial
- VanEck Registers Lido Staked Ethereum Trust in Delaware, LDO Up 7%
- Fed’s Lorie Logan Urges Caution on Further Rate Cuts Citing Inflation Risks
- Nasdaq-Listed Fitell Adds Pump.fun’s PUMP To Supplement Solana Treasury
- FG Nexus to Tokenize Stock on Ethereum as SEC Weighs 24/7 Onchain Stock Trading
- Bitcoin Still Undervalued, JPMorgan Forecasts Rally to $165,000
- Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
