Breaking Barriers: Polygon 2.0 Unifies Megachains and Multichains
- Polygon 2.0 aims to establish the Value Layer of the Internet and expand Ethereum to the Internet scale.
- Megachains increase node requirements but face state bloat and contention issues.
- Polygon Supernets achieve scalability through multiple independent chains with higher aggregate throughput.
Polygon 2.0, a groundbreaking initiative aiming to establish the Value Layer of the Internet and expand Ethereum (ETH) to the Internet scale, presents a concrete vision for the future. In the pursuit of increasing blockspace, two distinct approaches have emerged: Megachains and multichain environments.
Megachains, such as Polygon PoS, opt to elevate node requirements to process more transactions per block. While this design proves effective, it comes with certain limitations. Over time, state bloat becomes a performance concern as data accumulates, causing network lag.
1/ Polygon 2.0 is a concrete vision to build the Value Layer of the Internet, and expand Ethereum to Internet-scale.
— Polygon (@0xPolygon) June 22, 2023
It is a series of proposals for unlimited scalability & unified liquidity.
Why is this such a big deal? pic.twitter.com/Jv7PvRfxFN
Moreover, even megachains face the challenge of “contention,” whereby there is a limit to the number of transactions that can affect the same state. Consequently, users encounter strict throughput constraints when utilizing popular applications.
Deep Liquidity, Expanded Blockspace
Enter Polygon Supernets, an alternative solution that achieves scalability through numerous independent operating chains. Although each network may possess a lower throughput than a megachain, the aggregate throughput surpasses that of a single chain. However, this approach comes at the cost of fragmented liquidity and value. In multichain ecosystems where blockspace is increased, unity is compromised.
As users continually seek plentiful blockspace and deep liquidity, the chains with the most liquidity naturally attract the most activity. This imbalance arises because of multichain ecosystems trade-off unity for increased blockspace. Recognizing the strengths of both megachains and multichain, Polygon 2.0 endeavors to combine them in a harmonious manner.
By leveraging the advantages of megachains, such as access to deep and unified liquidity, and the benefits of multichain, including expanded blockspace, Polygon 2.0 presents a groundbreaking solution. The integration of these features not only addresses the limitations of previous designs, but also sets the stage for unparalleled growth and innovation.
Polygon 2.0 sets forth a user-friendly approach to building the Value Layer of the Internet. With a comprehensive vision incorporating deep liquidity and expanded blockspace, this initiative paves the way for Internet-scale Ethereum while fostering unity and maximizing throughput.
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Read more: https://thenewscrypto.com/breaking-barriers-polygon-2-0-unifies-megachains-and-multichains/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
