Celestia and Polygon Labs to Integrate Data Availability Layer
Celestia, a blockchain project, will be integrating its data availability layer with Polygon Labs’ chain development kit. This integration aims to provide a specialized data availability solution for Layer 2 projects using Polygon CDK, such as OKX, Immutable, Astar, IDEX, Palm Network, and others. By reducing gas fees for these projects, which are part of the Polygon 2.0 ecosystem, Celestia’s solution can potentially enhance the interaction between Layer 2 chains.
The Challenge of Data Availability on Layer 2 Chains
Layer 2 networks developed on Polygon CDK utilize zero-knowledge rollup technology to aggregate transactions off-chain. However, verifying data availability becomes crucial for these chains. Ethereum lacks a dedicated execution environment for its DA layer, requiring Ethereum nodes to process and store data on-chain indefinitely. This contributes to increased fees for Layer 2 solutions.
Celestia’s Data Availability Solution
Celestia offers its own data availability solution that can serve storage bandwidth for multiple Layer 2 networks simultaneously. This solution enables networks to run light nodes and facilitates DA verification without straining the network excessively. The integration with Polygon CDK and Celestia’s solution aims to simplify the creation of new L2 chains while ensuring affordability and interoperability.
About Celestia
Celestia is a modular network that aims to achieve consensus on transactions in parallel across chains in an off-chain manner. In October 2022, Celestia Labs raised $55 million in funding led by Bain Capital and Polychain at a valuation exceeding $1 billion.
Hot Take: Enhanced Data Availability for Layer 2 Chains
The integration between Celestia and Polygon Labs’ chain development kit brings a specialized data availability solution to Layer 2 projects. By reducing gas fees and improving data availability, this integration enhances the efficiency and affordability of Layer 2 solutions. It also showcases the potential of blockchain technology to address challenges faced by Ethereum and other platforms, paving the way for further innovation in the crypto space.