Polygon, an Ethereum-based stacking solution, previously called Matic, has launched the long-awaited Polygon SDK which allows app developers to use Ethereum virtual machines to deploy chains that are compatible with Ethereum in an easier way.
The launching of Polygon SDK’s is officially the start of the transition process where Ethereum is expected to become multi-chain-based, also called the Internet of Blockchains. Currently, the Ethereum network is by far the most utilized, most popular, and the most appealing to app developers. Already, the Ethereum network has many asset bridges and Layer-2 solutions set to revolutionize it. Thanks to natural/ organic, the network has been interacting with other networks, making it interoperational.
While the Ethereum network is known to be a highly interoperable blockchain-based network in the world today, its primary goal was different altogether. Its core focus is to provide an environment where data can be shared securely and homogeneously for L2 networks.
About Polygon SDK
Polygon SDK is typically designed to benefit and thrive on the Ethereum network. Polygon SDK comes in diverse modules which allow developers to be more creative with their own customized solutions that can work on the blockchain technology. The Polygon SDK launch is a momentous occasion in Ethereum’s history, Polygon’s Co-creator Sandeep Nailwal stated.
He noted that there was now a stronger need for networks that can easily interact to enhance interoperability. This is particularly so with the advancement of Ethereum to Ethereum 2.0. The co-founder further said that with Polygon SDK, it was a different ball game, where Ethereum’s future needs were being addressed, including easier deployment and Layer 2 interaction.
Polygon’s Planned Improvement
After the initial release, Polygon SDK will keep advancing by integrating sustainable implementations like HotStuff, Tendermint, and new database features. More expected improvements will include data availability services and interchain messaging. Besides this, a plugin will be developed to allow contributions that can improve the network for anyone.
Notable Investor Backs the Polygon Project
Mack Cuban, a recently converted anti crusader, has changed his stance on cryptocurrencies and digital assets in general, to become a vocal supporter. When Elon Musk declined to accept Bitcoin due to its impact on the environment, Cuban his sports venture, the Dallas Mavericks, will keep using the digital coin as a form of payment.
Cuban recently acknowledged that cryptocurrencies have lately become popular and, thanks for the high utility that has, in turn, resulted in increased demand for digital assets, an indicator for a brighter future in the market.
Polygon has been performing marvelously in the recent past. Messari’s data indicates that MATIC, Polygon’s native digital asset, has grown by 9535%. Additionally, more users are turning to Polygon to escape Ethereum’s exorbitant fees. A recent article published on Cointelegraph indicated that in only one-week Polygon users had risen by 75,000, generating a volume of about $1 million. The growth indicates increasing demand for Layer 2 solutions.