Innovative Collaboration between Fuse Network and Polygon Labs for Ethereum-based Zero Knowledge (ZK) Layer-2 Network
Fuse Network, a prominent Layer-1 blockchain player specializing in scaling Web3 payments, has partnered with globally acclaimed blockchain technology firm Polygon Labs. The collaboration aims to create an innovative Ethereum-based Zero Knowledge Layer-2 network using the Polygon Chain Development Kit (CDK).
The ZK-powered Layer-2 network will serve as Fuse’s new native platform, offering users and developers access to leading blockchain ecosystems. The network will utilize Fuse’s native utility token, FUSE, for covering gas fees.
Polygon CDK, known for its scalability enhancements, customization capabilities, privacy options, compliance-friendly architecture, and robust support for the Web3 ecosystem, is an ideal choice for Fuse.
Migration Process to Polygon CDK:
Step 1: Deployment of the ZK rollup on Fuse’s existing L1 to test the new stack.
Step 2: Integration of L1 <> L2 communication into Fuse’s products, along with tokenomics integration.
Step 3: Migration of the network to ZK Validium with a chosen partner, migration of the validator set, and collaboration with stakeholders for testing.
By migrating to Polygon CDK, Fuse will benefit from features like zkEVM for increased TPS, ZK instant transfers for improved user experience, decentralized security through a validator set, enhanced bridging capabilities, and valuable partnerships.
This migration will enhance Fuse’s offerings, making it the ultimate Web3 payment solution for businesses. Privacy will also be prioritized in the digital landscape.
About Polygon CDK:
Polygon CDK empowers developers to create custom Ethereum Layer-2 solutions, offering instant transaction finality, limitless scalability, unified liquidity pools, and privacy options like Zero-Knowledge Proofs (ZKP). It supports the Web3 ecosystem and demonstrates blockchain adoption.
About Fuse Network:
Fuse Network is a leading Layer-1 blockchain platform focused on scaling Web3 payments. With a user-centric approach, Fuse aims to revolutionize blockchain-based payments.
About Polygon Labs:
Polygon Labs is a renowned blockchain technology company that empowers blockchain innovation and adoption.
Hot Take:
Fuse Network’s collaboration with Polygon Labs to develop an Ethereum-based Zero Knowledge Layer-2 network marks a significant milestone in Web3 payments. By leveraging the capabilities of Polygon CDK, Fuse aims to provide users and developers with access to leading blockchain ecosystems while prioritizing scalability, customization, privacy, and robust Web3 support. This collaboration will propel Fuse Network towards becoming the ultimate Web3 payment solution for businesses, offering low transaction costs, instant finality, high throughput, and decentralized security. With privacy being a key concern, the migration to Polygon CDK will enhance Fuse’s offerings and revolutionize blockchain-based payments.
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