Polygon joins hashport’s validator swarm as hashport gets set to expand user and asset accessibility on the Polygon network.
hashport is a platform-agnostic public interoperability solution that allows users to transfer representative versions of their digital assets between decentralized networks. Polygon will be an initial network hashport users will be able to interact with. The Polygon Foundation will also lend its talents to the network by becoming a member of hashport’s validator swarm, a decentralized group of diverse, industry-leading companies that secure transactions passing through the portal.
Polygon’s integration into the hashport ecosystem has many advantages for both platforms and their respective users. hashport will enable the creation of new use-cases which improve the capabilities of Polygon and all other connected networks. hashport increases accessibility for users, allowing them to transfer the value of their assets between networks and explore new possibilities as a result. As both a participating network and a validator, The Polygon Foundation is committed to ensuring the integrity of hashport and developing use cases that capitalize on Polygon’s infrastructure.
hashport’s validator swarm utilizes the Hedera Consensus Service to lock tokens on the portal immutably. Once locked, representative tokens are projected onto the foreign destination network.
In the Polygon ecosystem, there are many exciting opportunities that token holders would be able to unlock. Polygon has over 1000+ decentralized applications with an abundance of functionality to enable other network users (HBAR and ETH) to do more with their assets without relinquishing the underlying control over them. hashport allows you to keep your original assets and put them to work for you.
hashport goes live in November, and the Polygon network will be ready.
“The Polygon Foundation joining hashport alongside other industry-leading organizations speaks to a collective understanding that there is a real need for trusted interoperability solutions within the DLT space that are quick, efficient, and secure. hashport looks forward to working with the Polygon Foundation to fully explore emergent interoperability use cases.” – Jesse Whiteside, Director of Business Development at hashport.
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 1000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.
Source : cryptodaily.io