Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Polygon to launch Avail – a robust general-purpose scalable data availability layer

Published 06/29/2021, 07:00 AM
Updated 06/29/2021, 07:00 AM
Polygon to launch Avail – a robust general-purpose scalable data availability layer

Polygon has introduced Avail – a general-purpose, scalable data availability-focused blockchain targeted for standalone chains, sidechains, and Layer-2 solutions.

Avail being a robust general-purpose scalable data availability layer will act as an important component to completely change the game on how future blockchains will work.

Avail uses mathematical primitives of erasure coding and polynomial commitments to create a two-dimensional data availability scheme that avoids data encoding fraud proofs and provides a high guarantee of data availability.

“Avail is a key component of a new paradigm in which blockchains will work in the future. We believe off-chain scaling solutions and standalone chains will require a robust scalable data availability solution and we are excited to be working on this problem”. Anurag Arjun, Co-Founder at Polygon

Avail will enable:

  • Standalone chains with arbitrary execution environments to bootstrap validator security without needing to create and manage their own validator set by guaranteeing transaction data availability
  • Layer-2 solutions such as Validiums to offer increased scalability throughput by using Avail as an off-chain data availability layer

Avail proposes to be a secure data hosting & ordering layer that execution layers can use. Polygon envisions the multiple off-chain scaling solutions or legacy execution layers to form the execution layer. Polygon is also working on the tooling required to make this possible using Avail and will share more on this in the coming future.

About Polygon

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc., and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 400+ Dapps, ~250M txns, and ~1.4M+ unique users.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp. Get started here.

On the Flipside

  • Secure data hosting, incomplete data or data encoding frauds are one of the biggest obstacles for the blockchain scaling solutions.
  • Remarkable growth of the Polygon network attracted the attention of hackers. Polygon-based protocols like SafeDollar (SDO) and PolyDEX were hacked recently.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.