We’re thrilled to announce that Poly Network has integrated with Polygon, which is its 11th supported heterogeneous blockchain, to build an interoperability future together!
With DeFi’s 60x growth rate in the last 12 months, the ecology on Ethereum also presents an outbreak trend. But there are obvious and long-standing problems with Ethereum, like severe congestion and high transaction fees, which causes an increasing number of DeFi users and developers from flocking to EVM-compatible blockchains, like Polygon.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks and has taken the lead in scaling Ethereum.
By facilitating seamless communication between different blockchain networks, interoperability is where the future lies. Poly Network is an interoperability protocol for heterogeneous blockchains. It has a wide range of support across a lot of blockchains as a result of how easy it is to join in. Based on cryptography, Poly Networks adds an extra layer of complex security mechanisms that makes cross-chain transactions extra secure. Besides Polygon, Poly Network has implemented interoperability with 10 heterogeneous chains including Bitcoin, Ethereum, Neo, Ontology, BSC, HECO, OKExChain, Elrond, Zilliqa and Cosmos-SDK.
Integrating with Polygon will help both sides vastly improve interoperability for exchanging arbitrary messages with Ethereum and other blockchain networks, fundamentally benefit each ecology, and expand the influence and user number.
Poly Network will provide cross-chain asset transfer, swap, and NFT cross-chain services for Polygon users and projects. With the help of Poly Network, Polygon users and their assets can directly access 10 other blockchains through the one-click cross-chain tool Poly Bridge with a high-speed, low-cost, and secure experience.
Poly Network will also benefit from the thriving ecosystem being built on Polygon, which now includes some of the leading DeFi and NFT projects, making Polygon a good fit for Poly Network as they work to build interoperability infrastructureat the intersection of NFTs and DeFi..
Moving forward, Poly Network will continue supporting more protocols, underscoring its commitment to integration and cooperation.
About Poly Network
Poly Network is an interoperability protocol for heterogeneous blockchains. Poly Network has implemented interoperability with 11 heterogeneous chains including Bitcoin, Ethereum, Neo, Ontology, BSC, HECO, OKExChain, Polygon, Elrond, Zilliqa and Cosmos-SDK. Since the launch, the protocol has enabled cross-chain asset transfer of more than 8 billion U.S. dollars involving more than 150K addresses on different blockchains.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 350+ Dapps, ~128M txns and ~1M+ unique users.
Source : cryptodaily.io