n a significant development for the blockchain community, Canto, a Layer 1 blockchain initially launched in 2022, announced its migration to\u00a0Ethereum’s Layer 2 (L2) on Monday. This move is facilitated by Polygon’s Chain Development Kit (CDK), a technology that enables the creation of zero-knowledge (ZK) chains. The migration aims to focus on real-world assets and contribute to a “neofinance” future, which refers to a new era of financial efficiencies achieved by deploying off-chain assets on blockchain protocols.<\/p>\n\n\n\n
The migration will enable Canto to tap into a unified Polygon ecosystem that provides seamless access to Ethereum. User security will be ensured through a best-in-class ZK prover, inheriting cryptographic security from Ethereum. This eliminates the need for socio-economic incentives of fraud proofs, thereby enhancing trust and decentralization.<\/p>\n\n\n\n
Upon an official agreement reached by Canto Commons \u2014 a framework where contributors coordinate ideas and solutions to the protocol \u2014 its core developers will build a ZK rollup on Ethereum\u2019s second layer. This means that if an agreement is reached within the Canto Commons, core developers will construct a ZK L2 that embodies the community’s principles of permissionless sovereignty and public liquidity.<\/p>\n\n\n\n
For neofinance to be realized at scale, deep liquidity is essential. This is where the migration to an Ethereum ZK-powered L2 comes into play. Canto will utilize a Plonky2 ZK proving implementation and will maintain its proof-of-stake validator set for decentralized sequencing. This ensures that there will be no changes for Canto’s existing validators or stakers.<\/p>\n\n\n\n
Canto is not alone in this migration trend. Earlier this year, Celo and Fantom also announced plans to become Ethereum Layer 2s, signaling a broader industry move toward Ethereum’s ecosystem. Canto now joins the ranks of Astar, Immutable,\u00a0IDEX\u00a0(NYSE:IEX), and Palm Network as ZK-based Layer 2s built by the Polygon network.<\/p>\n\n\n\n
On Sept. 13, the Astar team announced it will soon begin building its own Ethereum layer-2 scaling solution, named Astar ZK-Ethereum Virtual Machine (EVM), also using Polygon\u2019s CDK. The ZK-powered chain is expected to enable businesses to implement Web3 solutions with increased speed, scalability, and security in Japan \u2014 where Astar is based \u2014 and around the world.<\/p>\n\n\n\n
However, not every protocol is sticking around on Ethereum. Decentralized exchange dYdX announced its intention to build a \u201cpurely decentralized\u201d order book exchange on Cosmos as part of a plan to migrate away from Ethereum in early September. Another Ethereum-native protocol, Maker, signaled plans to move to cut ties with Ethereum and build a new, more \u201cefficient\u201d chain with Solana\u2019s codebase in September too.<\/p>\n\n\n\n
Artikel ini dijana dengan sokongan AI dan disemak oleh editor. Untuk maklumat lanjut lihat T&C kami.<\/em><\/p>\n