Avail Launches Data Attestation Bridge to Reduce Costs for Ethereum Layer 2 and Layer 3 Chains
Avail, a project that emerged from Polygon, has introduced its “data attestation bridge” to help secondary networks in the Ethereum ecosystem streamline their processing. The bridge allows these networks to store and verify data off-chain, reducing costs and congestion on the main Ethereum blockchain. Here are the key points:
– Avail’s data attestation bridge connects to Ethereum and can be utilized by zero-knowledge and optimistic rollups that use Ethereum as a base layer.
– Storing data on Ethereum can be expensive, so Avail offers a solution for layer 2 and layer 3 chains to publish data off-chain, minimizing transaction fees.
– The bridge solves the “data availability problem” by establishing a direct connection between the layer 2 rollup’s data and Ethereum, providing attestation.
– Avail plans to offer more services in the layer 2 ecosystem and envisions rollups launching entirely on its network, including validiums.
– Avail spun out of Polygon and has been conducting tests to encourage validator participation through its “Kate” testnet.
Hot Take
The launch of Avail’s data attestation bridge marks a significant step in improving processing efficiency and reducing costs for Ethereum layer 2 and layer 3 chains. By enabling off-chain data storage and verification, Avail helps alleviate congestion on the main Ethereum blockchain. With plans to expand its services and support the launch of networks on its platform, Avail is positioning itself as a crucial player in the Ethereum ecosystem.
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