Sandeep Nailwal Proposes ApeChain to Support ApeCoin Community
Sandeep Nailwal, co-founder of Polygon Labs, has put forward a new proposal to develop a zero-knowledge Layer 2 (L2) solution called ApeChain. The aim is to support the growth and development of the ApeCoin ecosystem. Nailwal shared the proposal on the ApeCoin DAO forum through an initiation known as an AIP (ApeCoin Improvement Proposal).
The ApeChain Proposal
The proposal suggests building a Layer 2 ApeChain based on zero-knowledge technology. This would bring advantages such as modularity, ease of use, reduced costs, enhanced security, high customizability, instant withdrawals, and shared liquidity. It also recommends collaboration with the Polygon ecosystem and the creation of an independent fund in the ApeCoin treasury to promote related projects and public services.
Benefits for the ApeCoin Ecosystem
The ApeCoin community has been considering migrating to its own chain for scalability purposes. Although they voted to remain in the Ethereum ecosystem, the possibility of an ApeCoin-specific chain remains open. The proposal highlights that ApeChain would provide potential sequencer fees and staking rewards while solving scaling issues. It would also facilitate premium blockspace for experiences, games, and applications associated with ApeCoin, attracting more users and generating value.
Polygon CDK and its Adoption
The Polygon Chain Development Kit (CDK) has gained popularity due to its flexibility in scaling Ethereum while maintaining security and decentralization. Several chains have been developed using Polygon CDK, including Gnosis Pay, Immutable zkEVM, Capx, Palm Network, Canto, and more. By utilizing Polygon solutions like Polygon PoS and Polygon Miden, the ApeCoin ecosystem would be well-positioned for significant growth.
Hot Take: ApeChain Proposal to Drive ApeCoin Ecosystem Growth
Sandeep Nailwal’s proposal for ApeChain, a zero-knowledge Layer 2 solution, aims to accelerate the growth and development of the ApeCoin ecosystem. By leveraging the advantages of modularity, reduced costs, enhanced security, and shared liquidity, ApeChain would provide dedicated blockspace for ApeCoin-related projects and applications. This would attract more users and generate value within the community. With the adoption of Polygon CDK and collaboration with the Polygon ecosystem, the ApeCoin DAO can unlock composability and interoperability while ensuring an efficient and secure execution environment. The proposal sets the stage for significant growth opportunities for the ApeCoin ecosystem.
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