Cosmos-based layer-1 blockchain – Canto – is migrating to a zero-knowledge layer 2 on Ethereum powered by Polygon Chain Improvement Equipment (CDK). The transfer aligns with Canto’s plans to construct a blockchain devoted to real-world belongings.
The event comes amidst a major shift within the Ethereum layer-2 house.
Migration to Ethereum ZK-powered L2
Canto is a layer-1 blockchain initially targeted on decentralized finance (DeFi) and is now migrating to a zero-knowledge Layer 2 answer on Ethereum utilizing Polygon CDK. This transfer goals to create a blockchain ecosystem devoted to real-world belongings. Canto, which was launched in 2022, presents an EVM execution layer and important monetary instruments, with its growth ruled by the Canto Commons, an open framework.
As soon as consensus is achieved inside the Canto Commons, core devs will be capable to construct a ZK L2. With the assistance of a shared ZK bridge, Canto will finally leverage the liquidity of a “unified Polygon ecosystem” with quick access to Ethereum.
Based on the official blog post, Canto is ready to combine the Plonky2 ZK, proving implementation and sustaining its proof-of-stake validator set for decentralized sequencing. This transition is not going to affect Canto’s validators or stakers, guaranteeing continuity for them whereas enhancing decentralization and trustless assurances for customers participating in asset bridging.
Moreover, Canto’s builders will shift in the direction of using a shared ZK bridge for dealing with canonical belongings.
The migration to an Ethereum ZK-powered Layer 2 represents a step in the direction of a “neofinance” future, emphasizing the protocolization of conventional finance.
The principle goal of neofinance is leveraging blockchain know-how for larger monetary effectivity at scale, whereas Polygon CDK is tasked with offering the required modular infrastructure. This strategy prioritizes deep liquidity whereas sustaining safety and trustlessness by means of Ethereum’s ZK-powered Layer 2.
“By becoming a member of a rising variety of chains that extends blockspace, the transfer displays a major step towards a ‘neofinance’ future or the protocolization of current finance. Neofinance envisions a brand new period of economic efficiencies, unlocked at scale, by deploying offchain belongings on protocol rails. Blockchain-specific benefits of effectivity, entry, and composability will be unlocked for offchain belongings by means of the modular design of Polygon CDK.”
With the most recent growth, Canto joins a rising listing of tasks, together with Astar, Gnosis, and IDEX, which have revealed their intentions to construct ZK layer-2 options using Polygon’s Chain Improvement Equipment over the previous few months.
Huge information. @CantoPublic is becoming a member of the Ethereum ecosystem! Constructed with @0xPolygon CDK, Canto is migrating to a ZK-powered Ethereum L2 that may turbocharge the neofinance revolution.
I’m a giant fan of @scott_lew_is and excited to work with him and different core Canto contributors on… https://t.co/XlRofpdyAO
— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) September 18, 2023
Polygon ‘Chain Improvement Equipment’ for ZK-Powered Networks
The scaling answer released a toolkit designed for builders, enabling them to construct blockchain networks powered by ZK proofs.
This open-source codebase, often known as the Chain Improvement Equipment (CDK), permits builders to construct customizable layer-2 chains utilizing Polygon’s ZK know-how, with the power to interconnect these chains by means of a ZK-based bridge, making a unified ecosystem known as the “Worth Layer.”
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