The Scaling World This Week
A look at some of the exciting developments in the scaling world (15/06/2023)
Welcome! to The Layered Ledger.
A weekly newsletter covering exciting and interesting news from the world of scaling technologies.
Index:
Polygon 2.0 roadmap released
Polygon's core team has revealed their plans for Polygon 2.0, which will be designed as an ecosystem of zero-knowledge-powered Layer 2 blockchains.
The emphasis of Polygon 2.0 will be on constructing more linked chains, resulting in ecosystems similar to Cosmos and Polkadot but creating them as Layer 2s that use ZK-Rollups.
The Graph migrates to Arbitrum
The Graph, an indexing and query protocol for organizing blockchain data, has reached its last conversion stage to Arbitrum.
"The Graph users have consistently sought solutions to improve gas efficiencies … the ecosystem chose Arbitrum … to provide speed and affordability to protocol developers and network participants," said Tegan Kline, CEO of Edge & Node, one of the development teams behind The Graph protocol.
“Blockchain data is a key component powering the next iteration of innovation in web3. With The Graph fully operating on Arbitrum, Arbitrum users can take advantage of data accessibility,” said Offchain Labs CEO Steven Goldfeder.
Crypto use case database by Polygon Labs
Polygon Labs has created an open database of over 300 crypto use cases called “The Value Prop.”
According to their blog:
The Value Prop is a crowd-sourced and entirely open database, created to showcase the diverse and unique use cases for blockchain technology – across all networks – which are making an impact throughout the world.
Because it is completely open and transparent, this database enables anybody, everywhere, at any time to get the value proposition for blockchains.
Polygon Labs also shared the link to a Google doc where people can submit use cases.
Music NFT platform Sound comes to Optimism
Popular music NFT platform Sound is coming to Optimism. According to their tweet, the main reason is the high gas fees for collecting a song which in some cases is more than the cost of the song itself.
Artists now have the option to choose between Ethereum Layer 1 or Optimism Layer 2 when uploading their creations.
Frax Finance to launch a new layer 2
Frax Finance, the company behind the Frax stablecoin, has revealed its plan to launch a Layer 2 blockchain called Fraxchain.
The network should be operational by the end of the year. Fraxchain's governance will be headed by Frax Shares (FXS) token holders, and it will use decentralized sequencers.
Till next time, have a great weekend!