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Polygon Proposes Custom ApeCoin Layer-2 to Scale Ecosystem

Published 10/11/2023, 07:23 PM
Updated 10/11/2023, 07:45 PM
Polygon Proposes Custom ApeCoin Layer-2 to Scale Ecosystem
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  • Polygon Labs suggests ApeCoin DAO to create ApeChain, a zero-knowledge rollup sidechain.
  • ApeChain would use Polygon’s Chain Development Kit (CDK) for easy deployment and modularity.
  • Sandeep Nailwal, Polygon’s founder, says ApeChain aims to offer low fees, creating blockspace for ApeCoin projects.

Polygon Labs has proposed that ApeCoin DAO develop a custom zero-knowledge rollup sidechain to enhance the scalability and growth of the ecosystem. Dubbed ApeChain, the zk-Layer 2 would leverage Polygon’s Chain Development Kit (CDK), allowing frictionless deployment with an emphasis on modularity.

According to Polygon‘s founder, Sandeep Nailwal, the dedicated chain with ultra-low fees would create premium blockspace for ApeCoin projects, driving further adoption of the ecosystem.

By offering sequencing rewards and staking yields, Polygon contends that an ApeCoin-specific chain maximizes community benefits while solving scalability limitations. This aligns with ApeCoin’s mission of facilitating community-led initiatives advancing web3 culture.

Integration with Polygon’s architecture would also bring interoperability with solutions like Polygon PoS, Polygon zkEVM…

The post Polygon Proposes Custom ApeCoin Layer-2 to Scale Ecosystem appeared first on Coin Edition.

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