ScaleSwap
  • 👋Introduction
    • Intro
  • 📍Chapter 1
    • IDO Launchpads We Have
    • Lowering the Barriers to Entry
    • Improving Liquidity of the Ethereum Ecosystem
    • Layer 1 and the Gas Fee 😱Scaries
    • Lottery
    • Deregulation-shrelegulation
      • 🏓 To-the-Mooon!
  • 📍Chapter 2
  • The Launchpad We Deserve
  • The Fundraiser’s Flow
  • Layer 2: Forget that Expensive ⛽️Gas!
    • The Road from Plasma to the New Now
    • Rollup-centric Roadmap and the New Teacher’s Pets
    • Polygon
    • Scaleswap Layer 2 Implementation
      • Opportunities for Swapping
      • The Atomic Bridging and the Biconomy Relay
  • 📍Chapter 3
    • 📈ScaleSCORE
    • Why Whitelist (v.)?
    • Metrics Explained
      • Dimension 1
      • Dimension 2
      • Dimension 3
      • Dimension 4
      • Dimension 5
      • Dimension 6
  • 📍Chapter 4
    • The Flows
    • Project’s Flow
      • Project Dashboard
  • Project Selection Criteria
  • Fees’ Flow and Pool Control
  • Swapper’s Flow
    • The Whitelist Registry
  • Participating in the Pool
  • 🤓Readme First
    • Why Intellectual Contribution Matters
  • 📑List of
    • References
  • List of the Acronyms
    • Explained
  • List of
    • The Figures
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  1. Layer 2: Forget that Expensive ⛽️Gas!

Polygon

The Layer 2 Aggregator

PreviousRollup-centric Roadmap and the New Teacher’s PetsNextScaleswap Layer 2 Implementation

Last updated 3 years ago

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Optimism announced “delaying official public mainnet in favor of a more coordinated community launch” in March 2021, postponing the mainnet launch to at least Summer 2021 (they did in August 2021). Meanwhile, Polygon continued to capitalize on their kind-of-plasma mainnet, onboarding an of real-life projects (including ) into their platform. As Polygon lite paper explains, their platform’s architecture consists of four layers: “Ethereum, Security, Polygon Networks and Execution” [].

Polygon’s COO Sandeep Nailwal explains that the gist of the pivot they made in 2020 is becoming a Layer 2 solutions aggregator instead of pushing a single solution (which was Plasma for Matic) []. He explained in a recent interview to Coindesk: “we’re doing Optimistic Rollups, zk-rollups, data-availability chains, Polkadot-like substrates, standalone chains where teams can come and create their parachains that connect back to Ethereum.”

The mechanics of the Polygon Blockchain technology solution looks like the following. Polygon has created a copy of Ethereum nodes architecture with the Plasma feature and checkpoints to Ethereum (therefore Layer 2). The decision of Polygon to copy Ethereum nodes is indeed justified: the tech is 100% production-ready. Furthermore, the improvement with Plasma and PoS allows Polygon to save dramatically on gas cost and increase the speed of transaction, which made their entire solution more appealing.

Anyways, we all understand that a genuinely functional Layer 2 solution won’t be there instantaneously for Ethereum. There are several valid points of criticism around this issue []. These include (1) interoperability and “standard feud” between the various ready-to-use solutions, (2) liquidity split, (3) onboarding and offboarding friction within the transaction flow and UX. Nevertheless, Ethereum has to evolve to survive as the central dApps solution out there. Meanwhile, we are following the latest industry developments for you and are ready to implement the most efficient and cost-effective solution.

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