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8000x Cheaper Than Ethereum: Polygon's (MATIC) Nailwal on Near Protocol (NEAR) Integration. A new integration between two major altcoin ecosystems kicks off, paving the way for more second-layer networks powered by ZK proofs. With such networks, customers will be able to save on transactional costs and infrastructure resources. Near DA layer now fuels Polygon CDK: Why is this important? With the integration between Polygon CDK, an open-source L2 development kit, and Near's Data Availability platform, users can transact 8,000 times cheaper than on the Ethereum (ETH) mainnet. This was shared by Polygon's founder Sandeep Nailwal with his 273,000 followers on X. The NEAR Data Availability layer (NEAR DA) is now available for all customers of Polygon CDK, which allows third-party developers to develop and launch their own zk-powered layer 2s for various use cases. Builders can set customizable features (transaction costs, native token, throughput) with no EVM-compatibility, security and developer experience tradeoffs. Illia Polosukhin, cofounder of NEAR Protocol, stressed the importance of this integration for the tech capability of dApps in the future and for cross-network interoperability in Web3: We're excited to make NEAR DA available to Polygon CDK rollup builders and share the benefits of cost-effective, lightning-fast data availability that scales with NEAR's sharding for the modular Ethereum ecosystem. This is another exciting collaboration between NEAR Foundation and Polygon Labs to drive Chain Abstraction and create better experiences for developers and users. The Alsom Near Protocol (NEAR) team calculated that 231 kB of calldata on NEAR costs $0.0016, while the same calldata on Ethereum L1 costs users $140.54. More zk-powered L2s to come? Even with Proto-Danksharding activated on Ethereum (ETH), this results in massive resource cost reductions and transactional bandwidth increases. Also, Polygon (MATIC) and Near (NEAR) kickstarted a long-term technical collaboration to build zkWASM, a new type of prover for WASM blockchains. #VIPElevateandEarn

8000x Cheaper Than Ethereum: Polygon's (MATIC) Nailwal on Near Protocol (NEAR) Integration.

A new integration between two major altcoin ecosystems kicks off, paving the way for more second-layer networks powered by ZK proofs. With such networks, customers will be able to save on transactional costs and infrastructure resources.

Near DA layer now fuels Polygon CDK:

Why is this important?

With the integration between Polygon CDK, an open-source L2 development kit, and Near's Data Availability platform, users can transact 8,000 times cheaper than on the Ethereum (ETH) mainnet. This was shared by Polygon's founder Sandeep Nailwal with his 273,000 followers on X.

The NEAR Data Availability layer (NEAR DA) is now available for all customers of Polygon CDK, which allows third-party developers to develop and launch their own zk-powered layer 2s for various use cases.

Builders can set customizable features (transaction costs, native token, throughput) with no EVM-compatibility, security and developer experience tradeoffs.

Illia Polosukhin, cofounder of NEAR Protocol, stressed the importance of this integration for the tech capability of dApps in the future and for cross-network interoperability in Web3:

We're excited to make NEAR DA available to Polygon CDK rollup builders and share the benefits of cost-effective, lightning-fast data availability that scales with NEAR's sharding for the modular Ethereum ecosystem. This is another exciting collaboration between NEAR Foundation and Polygon Labs to drive Chain Abstraction and create better experiences for developers and users.

The Alsom Near Protocol (NEAR) team calculated that 231 kB of calldata on NEAR costs $0.0016, while the same calldata on Ethereum L1 costs users $140.54.

More zk-powered L2s to come?

Even with Proto-Danksharding activated on Ethereum (ETH), this results in massive resource cost reductions and transactional bandwidth increases.

Also, Polygon (MATIC) and Near (NEAR) kickstarted a long-term technical collaboration to build zkWASM, a new type of prover for WASM blockchains.

#VIPElevateandEarn

Disclaimer: include opinioni di terze parti. Nessuna consulenza finanziaria. Consulta i T&C.
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Solana (SOL) Outages Might Soon Be Over, Here's Reason. The Solana (SOL) blockchain might be getting past its worst congestion as Anza, one of its validator clients, has released a major fix on the devnet. The Solana client validator said the proposed solution was released in version 1.18.11 and urged developers within the ecosystem to upgrade to start testing the fixes. Solana, according to its executives, is a victim of its success. Built initially as a high-performance blockchain, the protocol did not anticipate the level of traffic it received over the past year, causing congestion and occasional network outages. To resolve the challenge, cofounder Anatoly Yakovenko has teased how time will have to be considered in the quest for a lasting solution. In the fix released by Anza, some of the key changes include: the staked vs. nonstaked packets sent down/throttled, BankingStage Forwarding Filter, default staked client in LocalCluster and the fixing of FailedVerification among others. These fixes as highlighted are not yet on the mainnet. When developers test out the features and give feedback, Anza engineers will now use these responses to perfect the solution before launching it on the mainnet. It is worth noting that this is one of the major fixes the Solana protocol will be getting, signaling the potential end of the outage menace that has plagued it recently. Can Solana learn from Ethereum? Ethereum is one of the most functional blockchains around, and it achieved this tag because of its constant updates to enhance its performance. Over the past year, Ethereum has launched the Shanghai Upgrade and the Dencun Upgrade, and it is looking at launching the Electra Upgrade for network security and stability. All of these upgrades pass through different testing phases to bolster its resilience before being implemented publicly. For Solana to get a lasting solution to its challenge, such an approach needs to be taken to test out the fixes and guarantee they work as they are intended to.
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Crucial XRP Ledger (XRPL) AMM Amendment Goes Live on Mainnet: Details. The newly launched Automated Market Maker (AMM) engine on XRP Ledger (XRPL) has received a major new update. Dubbed the "fixAMMOverflowOffer," the update was launched on the mainnet after a stress test voting period that saw it reach a 100% consensus. XRPL AMM amendment. The fixAMMOverflowOffer was released in v2.1.1, and it hopes to fix the improper handling of large synthetic AMM offers in the payment engine. The XRP Ledger in itself is evolving at a very fast pace, a trend that has necessitated the launch of related engines that can help it match up with other competing layer-1 blockchain networks. The AMM launch was one of the major ways the XRP Ledger registered its footing in the blockchain world, however, the launch was succeeded by a major technicaI glitch, one that triggered a backlash within the ecosystem. This glitch necessitated the bouts of updates the AMM is now getting. With this update, the growing list of AMM Pools on XRP Ledger can better manage large swap requests on decentralized exchanges (DEXes) hosted on the XRPL. With this new functionality, some of the crucial points of the XRP Ledger hiccup can be averted altogether. XRP Ledger and plans for validators. The XRP Ledger is evolving, and Ripple developers are doing all they can to permit the validators and other key stakeholders to have a good experience pitching tents on the platform. there are updates underway that will directly impact validators on the XRP Ledger. Other crucial functionalities have also been introduced into the XRP Ledger, including the Clawbac k functionality that sought to protect developers and liquidity providers in the case of recorded theft on the network. Other amendments of note include "fixDisallowIncomingV1" and "fixNFTokenReserve," both of which are yet to go live.
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