📢 Announcing the first cohort for the @theqacc Join Polygo | Polygon on Binance Square

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📢 Announcing the first cohort for the @theqacc
Join Polygon Labs, @Giveth, @midaods, @CoUnity_ and @seriouspeople_ for the low-down on season one of the Quadratic Acceleration, a Grant Allocator to supercharge growth for Polygon builders.

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What’s parallelization got to do with Polygon PoS? PoS was the first scaling solution to make parallelization possible via Block STM on the Delhi hard fork upgrade. Parallelization means simultaneous, rather than sequential transactions 🤲 On PoS this enables faster ⏩ transactions and less gas price spikes during high demand times. It happens by embedding transaction dependency metadata in block headers, which reduces pending transactions in the mempool, and reduces execution time by 50%. Towards the end of 2023 (when Ethereum Inscriptions were having their moment), PoS processed 16.5M txs in one day, and handled more than 160M inscriptions, at ~240 transactions/second.

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Milestones 👉🏽 how PoS upgraded to fast, deterministic finality Since the rollout in last year’s Aalborg hardfork, milestones have reduced reorg frequency, reorg depth, and dropped the median time to finality from 10 mins to less than 2 mins 🏗️ How it works: Milestones use the network’s existing validator set for proposing each milestone, which must be at least 12 blocks (+ a 4-block buffer) from the latest block Once 2/3+ of the network agrees, the milestone is finalized with no chance of reorg for all transactions up to that block height. Note: because not all dapps require fast finality, adoption of milestones occurs at the dapp level [ For the devs that want to understand how to implement milestones, here’s your start: https://t.co/1PtQYbq5P3 ]

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so basically it aggregates all of the liquidity and users in any ecosystem and any chain can just plug in and connect really easy and then the whole community wins because there's not gonna be any fragmentation but architects can still build whatever they want doesn't matter the use case and also there's shared security and less risks because you don't have to wrap tokens or make any synthetic tokens or whatever and then for users it's just like using the internet there's only a single interface so they don't have to go through a million layers to make a single transaction know what i mean

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👟 Why is reaching faster finality important? Slow deterministic finality happens when you have to wait for enough blocks to confirm as valid on top of the block with the transaction, and it can take a while. For PoS, the Aalborg upgrade solved the problem of slow finality using “Milestones.” With Milestones, block finality is established after a certain (variable) number of blocks, similar to architecture seen elsewhere in Ethereum. Faster finality + fewer reorgs makes PoS more predictable. Because Milestones are configured at the dapp level, devs can configure this feature to their use case ✅

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The AggLayer — designed, discussed and built in the open.

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