Polygon will integrate bloXroute’s technologies to avoid network congestion and enhance support for DeFi.
In the wake of surging applications, Polygon and bloXroute Labs entered an agreement to create a Polygon protocol compatible Blockchain Distribution Network (BDN), to accelerate on-chain data propagation and add tools to improve the efficiency of DeFi trading on Polygon.
The BDN is a high-speed relay network consisting of high-performance servers across the globe. It’s able to reduce network latency significantly by using cutting-edge designs such as transaction indexing, cut-through routing and private links. On top of it, the BDN provides a comprehensive DeFi trading toolkit to help traders seize arbitrage opportunities, including on-chain data stream, frontrunning protection. So far the BDN has been adopted by the majority of Ethereum mining pools and hundreds of Ethereum users in the pursuit of lower uncle rate and better trading performance.
Inheriting all the features from the Ethereum — BDN, integration with the BDN will allow the Polygon network to remain highly efficient as the network expands, while users will continue to enjoy low fees in spite of the exponential transaction volume growth. On the other hand, DeFi traders will experience fewer transaction delays and fewer front-running attacks. To bootstrap the adoption, Polygon foundation is going to incentivize Polygon node operators and users to leverage the BDN network for block and transaction propagation as a complement to the existing P2P network.
Jaynti Kanani, Co-founder and CEO of Polygon, commented on the collaboration, “Polygon is creating a multi-chain Ethereum ecosystem that can not only handle high throughput but also boost DeFi. Such a complex ecosystem would require very robust and scalable network infrastructure. I’m glad that bloXroute has the proven technologies we need and is committed to supporting the Polygon ecosystem.”
Eyal Markovich, Co-founder and COO of bloXroute, said, “bloXroute has started to support Ethereum since mid-2019 and is committed to creating a future-proof network infrastructure empowering the evolution of Ethereum ecosystem. From ETH mining to DeFi, we have expanded our offerings in response to community needs. Now we’re very excited about the opportunity to be part of the novel Ethereum multi-chain system through the partnership with Polygon.”
The V1 of Polygon — BDN could be released as early as mid-July 2021, which includes the relay network and data stream service. More details of the offering will be shared in the near future.
And here’s the bloXroute’s Gateway Announcement:
We are working on decreasing the propagation time of blocks on the Polygon chain. Currently, we are working with bloXroute whose infra (the BDN) would be helping us in achieving that. In order to do that, we would require your Enode and the Geographical Location of your machine/server. This information would be handy for us as the bloXroute team would then create a subsidiary node (called gateway) dedicated for your machine in a closer region and that gateway would be added to your trusted peer.
The instructions on adding the bloXroute’s hosted gateway enode as a trusted peer will be shared below. I understand divulging your enode and region of the machine is sensitive, you should only share the information with us if you’re comfortable. bloXroute will also make sure your information is kept safe like what they’ve done for other users.
You are entitled to connect one node to bloXroute network that the Polygon foundation paid for. If you need to connect more nodes, you can discuss it directly with bloXroute ([email protected]).
You can choose between running the hosted gateway with your own bloXroute user account or have it run under the foundation account. If you elect to use the foundation account, you will not be able to see performance metrics for your gateway. You will be able to switch the gateway from the foundation account to your own account anytime.
Step 1: Optional if you want to run the hosted gateway from your own account- Create an account at bloXroute user portal and subscribe to the Introductory Plan (free of charge).
Step 2: Provide Polygon foundation your validator bor node information (public key, IP, port & geographic location, e.g. country) and optionally your bloXroute account information (email or account ID). In case you created your own bloXroute account, bloXroute will upgrade your account to the Elite plan.
Step 3: Once receiving the hosted gateway information (enode public key), add it as a trusted peer to your node by using admin.addTrustedPeer command, which doesn’t require IP and port info. [For example, you might be given a hosted gateway enode information like: enode://abc..123, then you can run command admin.addTrustedPeer(“enode://abc..123”) to add this gateway as the trusted peer] We recommend adding this command to your infrastructure scripts, so your node can execute it automatically every time you restart the node.
Step 4: Inform Polygon foundation once you finish adding the trusted peer. bloXroute will activate the hosted gateway and confirm the success of the connection within the next 24 hours.
Once you share the information we will proceed with going ahead and setting up a hosted gateway node for you.
Do let us know if you have any questions.
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ABOUT BLOXROUTE LABS
bloXroute Labs is the leading blockchain network layer (aka “layer-0”) solution provider specialized in on-chain scalability and DeFi trading network infrastructure. In 2019, bloXroute launched the industry’s first layer-0 scalability solution — Blockchain Distribution Network (BDN), which has been adopted by the majority of Ethereum miners. It helps miners reduce uncle rate by accelerating on-chain block and transaction propagation. The BDN is also compatible with all blockchain protocols. In 2020, bloXroute introduced the ETH DeFi toolkit that includes advanced mempool service, frontrunning protection and MEV (Maximum Extractable Value). It helps traders improve their trading strategies and increase earnings. In 2021, bloXroute launched the BDN support for Binance Smart Chain (BSC).
Source : cryptodaily.io