Polygon Prepares to Launch AggLayer Solution Connecting "All Blockchains Into One"

As the next step in the upgrade journey towards Polygon 2.0, Polygon Labs is gearing up to launch the AggLayer solution, aiming to interconnect blockchains into a unified chain to enhance liquidity.

Polygon prepares to launch AggLayer solution connecting "all blockchains into one"

Polygon Labs is set to introduce a new solution called AggLayer, a layer aggregation aiming to interconnect various blockchains into a single chain.

The objective of this new solution is to enable developers to interconnect blockchains to support unified liquidity. AggLayer also ensures consistent security and integrity for both modular and monolithic blockchains, including existing chains within the Polygon ecosystem.

Source: Polygon Labs

AggLayer is a critical component of the Polygon 2.0 plan, the next development phase of the project originating as an Ethereum Layer-2 solution.

Unlike other typical cross-chain interaction solutions, AggLayer connects chains by aggregating ZK proofs.

Polygon Labs stated:

"As a central component of Polygon 2.0, AggLayer utilizes ZK proofs to create a seamless aggregation environment, resembling a single chain, while networks maintain their sovereignty and governance.

"From an end-user perspective, this structure operates similarly to a single chain. Users can interact with DeFi, DApps without concerning themselves with which chain the application belongs to."

The initial version of AggLayer is slated for release in February.

The price of MATIC is currently hovering around USD 0.73, with minimal fluctuations over the past 24 hours.

4H chart of MATIC/USDT pair on Binance as of 03:00 PM on January 25, 2024