|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Union Labs and Polygon Labs Forge Gateway to Interoperability, Unleashing Layer 2 Nirvana
Apr 19, 2024 at 11:04 pm
Union Labs is partnering with Polygon Labs' AggLayer to enable interoperability between the Polygon ecosystem and the broader Cosmos ecosystem. This integration will allow for message passing and asset transfers between AggLayer-connected chains and IBC-enabled chains, improving liquidity access and movement between these networks. The seamless integration between Union and AggLayer will remove vendor lock-in, enabling Layer 2 solutions to leverage Polygon CDK and benefit from open standards, unrestricted liquidity movement, and composability with Web3 protocols.
Union Labs and Polygon Labs Forge a Gateway to Interoperability
In a groundbreaking move, Union Labs, the pioneering modular interoperability layer, and Polygon Labs, the team behind the Ethereum scaling solution Polygon, are joining forces to integrate their respective technologies. This integration will establish Union as a pivotal interchain bridge, connecting the Polygon ecosystem with the vast Cosmos ecosystem and beyond.
Unlocking Interchain Liquidity and Freedom
The integration will power the seamless exchange of messages and assets between Polygon's AggLayer-connected chains and the IBC-enabled Cosmos ecosystem. This connectivity unlocks unparalleled liquidity access and movement, eliminating friction and enabling trustless, efficient, and low-latency transactions.
Layer 2 Nirvana
Layer 2 solutions built on Polygon CDK will now have frictionless access to liquidity, without vendor lock-in. This liberation empowers developers with technical innovation, open standards, and unrestricted liquidity movement, paving the way for unprecedented composability with other decentralized protocols.
A Commitment to Interoperability
"Our partnership with Polygon Labs transcends mere technological integration," remarked Karel Kubat, Founder of Union Labs. "It underscores our shared vision to shatter blockchain silos while preserving sovereignty. This bridge will empower projects and developers with the freedom of modular design and the security of zk-proof bridging."
The AggLayer: A Catalyst for Innovation
The AggLayer is an innovative zk-bridge contract that brings together all CDK-based chains, enabling them to tap into the liquidity and user base of Layer 1s. By unifying liquidity among Layer 2s, the AggLayer fosters innovation and customization, empowering developers to tailor networks to specific requirements.
"Union's integration into the AggLayer is a transformative moment for both the Polygon and Cosmos ecosystems," said Marc Boiron, CEO of Polygon Labs. "It enhances liquidity flow, fuels innovation, and harnesses the power of modular and monolithic architectures."
Collaboration for a Horizontally-Scaled Future
Union's partnership with Polygon Labs complements its recent alliance with Scroll, Noble, Movement, and Celestia. This collaboration aims to enhance liquidity flow across the modular tech stack, maximizing the utility of native assets within the Polygon ecosystem and reducing fragmentation throughout the rollup landscape.
Countdown to Mainnet
The completion of the Union-AggLayer integration is anticipated this summer, coinciding with Union's eagerly awaited mainnet launch. Discord updates will keep the community informed throughout the process.
About Union
Union Labs is the driving force behind the first sovereign interoperability layer, pioneering trustless bridging between appchains, L1s, and L2s without third-party reliance. Addressing the sovereign bridging trilemma, Union's innovative consensus framework and ETH to IBC product pave the way for decentralized, permissionless interoperability, backed by the expertise of industry leaders from Composable Finance, Consensys, Tokensoft, and Polygon Labs. As a cornerstone of the multi-chain movement, Union is poised to unlock a horizontally-scaled future where thousands of chains can seamlessly connect, communicate, and thrive.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- PEPE Coin Reaching $1 by 2025: An Unlikely Scenario
- Dec 26, 2024 at 12:45 pm
- For PEPE Coin to reach $1 by 2025, it would require an extraordinary and highly unlikely series of events due to its current supply, market dynamics, and the nature of meme coins. Here's an analysis of why this would be challenging and what would need to happen for such a drastic rise: