The Polygon Chain Development Kit (CDK) will undergird the forthcoming Layer 2 network.
Canto joins Celo as another Layer 1 to migrate into an Ethereum Layer 2.
The Layer 1 blockchain Canto is set to migrate to Ethereum.
The Layer 1 blockchain is migrating to become an Ethereum Layer 2 that uses zero-knowledge proofs, according to a statement. Canto is working with the Ethereum scaling developer Polygon to do so, leveraging the Polygon Chain Development Kit (CDK) to undergird the new design as it puts a focus on real-world assets.
"After assessing several routes, it quickly became clear that Polygon CDK offers a powerful suite to enable Canto to deliver a ZK L2 that extends the community's defining ethos of permissionless sovereignty, security, and liquidity as a public good," Canto added on X. Polygon CDK is an open-source codebase for creating ZK-powered Ethereum Layer 2s.
Canto originally launched in 2022 as a general-purpose Layer 1 blockchain offering an Ethereum Virtual Machine-compatible execution layer.
Canto follows other Layer 1 blockchains looking to Ethereum this year. In July, the development firm behind Celo announced that it would turn the Layer 1 into a Layer 2 built on Ethereum, using Optimism's OP Stack to carry out the transition.
A month later, co-founder and architect of the Fantom Foundation Andre Cronje said that the team was considering what would effectively make the Layer 1 Fantom into an Ethereum Layer 2 via optimistic rollups. (Although he decries the label.)
Additionally, Canto joins Astar, Immutable, IDEX and Palm Network as ZK-based Layer 2s built by Polygon.
Source: theblock.co
Coin | Change(%) | Price | Volume (24h) |
---|---|---|---|
Bitcoin (BTC) | -0.87 | $66,557.58 | $17.1B |
Ethereum (ETH) | -1.47 | $2,582.72 | $7.7B |
Solana (SOL) | 0.93 | $166.419299 | $2.5B |
USD Coin (USDC) | -0.01 | $0.999800 | $1.6B |
Dogecoin (DOGE) | -3.43 | $0.137434 | $966.1M |
Tether (USDT) | -0.02 | $1.00 | $747.8M |
XRP (XRP) | -1.73 | $0.526424 | $632.7M |
Lisk (LSK) | 0.44 | $0.822228 | $444.3M |
Binance Coin (BNB) | -1.35 | $583.90 | $382.5M |
Aptcoin (APT) | -7.75 | $10.048634 | $305.2M |