Fuse Network Collaborates with Polygon Labs to Create Ethereum-based ZK Layer-2 Network
Fuse Network, a leading Layer-1 blockchain player specializing in scaling Web3 payments, has partnered with Polygon Labs, a globally acclaimed blockchain technology firm. The collaboration aims to develop an innovative Ethereum-based Zero Knowledge (ZK) Layer-2 (L2) network using the Polygon Chain Development Kit (CDK).
ZK-Powered Layer-2 Network on Fuse’s Native Platform
The new ZK-powered Layer-2 network will serve as Fuse’s native platform, providing users and developers with access to prominent blockchain ecosystems. The network will utilize Fuse’s native utility token, FUSE, for gas fees.
Choosing Polygon CDK for Scalability and Customization
Polygon CDK was selected by Fuse due to its scalability enhancements for Ethereum, customization capabilities, privacy options, compliance-friendly architecture, and support for the Web3 ecosystem. It aligns perfectly with Fuse’s goals.
Migration Process to Polygon CDK
- Step 1: Deployment of ZK rollup on Fuse’s existing L1 for testing purposes.
- Step 2: Integration of L1 <> L2 communication into Fuse’s products and tokenomics integration into the rollup.
- Step 3: Migration of the network to ZK Validium with a chosen partner, migration of the validator set, and collaboration with stakeholders for testing.
Fuse Network Enhances Web3 Payments with Privacy and Partnerships
Fuse Network aims to enhance its offerings by leveraging features like zkEVM, ZK instant transfers, decentralized security, improved bridging capabilities, and partnerships with ecosystem players.
About Polygon CDK and its Impact on Blockchain Payments
Polygon CDK empowers developers to create custom Ethereum Layer-2 (L2) solutions with instant transaction finality, scalability, and unified liquidity pools. It supports blockchain adoption and enables businesses like Wirex to embrace crypto payments. The collaboration between Fuse Network and Polygon Labs promises low transaction costs, instant finality, high throughput, and decentralized security for blockchain payments.
Hot Take: Fuse Network and Polygon Labs Collaborate to Revolutionize Web3 Payments
Fuse Network’s partnership with Polygon Labs marks a significant step towards revolutionizing Web3 payments. With scalability, customization, privacy, and robust support for the Web3 ecosystem, Fuse Network aims to become the ultimate payment solution for businesses. By leveraging Polygon CDK’s capabilities, Fuse Network is poised to reshape the future of blockchain-based payments.
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