Polygon Beats Out Optimism to Provide Layer-2 Scaling for Celo's Move to Ethereum

Polygon emerges as competitor to Optimism's OP Stack to provide layer-2 technology for Celo's migration to Ethereum layer-2
Winning Celo contract seen as coup in race to provide dominant layer-2 scaling tech for Ethereum
Polygon, Starkware, zkSync, Arbitrum released customizable blockchain kits to build Ethereum layer-2s
Experts believe zero-knowledge (ZK) tech superior to Optimism's, but OP Labs not worried about ZK threat
Landing Celo could give layer-2 provider revenue, bragging rights, first-mover advantage in interconnected L2 ecosystem

coindesk.com

Relevant topic timeline:

8/29/2023

Polygon Releases 'Chain Development Kit' for ZK-Powered Networks on Ethereum

Polygon has released an open-source toolkit called Chain Development Kit (CDK) that allows developers to build blockchains with zero-knowledge (ZK) proofs, enabling interoperability between different chains. This move comes as other layer 2 solutions are also releasing their own ZK-powered toolkits. Polygon aims to create a "Value Layer" that makes value transfer as seamless as information exchange over the internet.

9/13/2023

Polygon Bets $1B on Zero-Knowledge Proofs to Scale Ethereum and Enable Interoperability

Polygon, a layer-2 blockchain firm, has invested $1 billion in zero-knowledge technology to develop Ethereum scaling solutions and create a seamless interoperable blockchain ecosystem.

9/14/2023

Polygon Unveils Roadmap to Transition to Web3-Focused Polygon 2.0 Ecosystem

Polygon Labs has introduced the first improvement proposals for its Polygon 2.0 ecosystem, marking the beginning of the transition to an interconnected layer-2 Ethereum ecosystem powered by zero-knowledge cryptography.

9/27/2023

Chainlink Expands Cross-Chain Protocol to Coinbase's Base Layer-2, Enabling Blockchain Connectivity with SWIFT

Blockchain oracle platform Chainlink has expanded its cross-chain capabilities by enabling the Cross-Chain Interoperability Protocol (CCIP) on Coinbase-backed Ethereum layer-2 network Base, allowing developers to easily build cross-chain applications and services.

10/19/2023

Polygon Forms 13-Member Protocol Council for Decentralized Governance

Polygon, a scaling solution for Ethereum, has proposed the creation of a "Polygon Protocol Council" consisting of 13 members, including representatives from Coinbase and the Ethereum Foundation, to facilitate decentralized governance and execute future upgrades for the Polygon blockchain.

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Posted 9/21/2023, 5:06:00 PM