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CDK – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Sat, 16 Dec 2023 00:01:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png CDK – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 Polygon halts development on Edge, pivots to Polygon CDK https://cryptocurrencypanther.com/2023/12/16/polygon-halts-development-on-edge-pivots-to-polygon-cdk/ https://cryptocurrencypanther.com/2023/12/16/polygon-halts-development-on-edge-pivots-to-polygon-cdk/#respond Sat, 16 Dec 2023 00:01:47 +0000 https://cryptocurrencypanther.com/2023/12/16/polygon-halts-development-on-edge-pivots-to-polygon-cdk/

Polygon Labs announced on Dec. 15 that it had ended its contributions to Polygon Edge, a platform leveraged by several blockchain projects.

The company said that it would shift its focus to Polygon CDK, a successor solution that aims to produce a unified layer-2 ecosystem with interoperability and a single pool of liquidity. It stressed Polygon CDK’s growing popularity, stating that it is “quickly becoming the go-to app-chain solution” for many projects.

The company noted that Polygon Edge is an open-source project that the community can develop. However, it did not make it clear whether the project has sufficient community backing to survive apart from its own contributions.

Polygon suggested that many projects that used Edge will likely migrate to Polygon CDK. It listed 15 projects committed to building on its CDK, including but not limited to the crypto exchange OKX, the gaming-focused chain Immutable, the crypto payment and card platform Wirex, and the e-commerce platform Flipkart.

Dogechain has not announced migration plans

One project that has not confirmed migration plans is Dogechain (DC), which aims to serve as a layer-2 network for Dogecoin (DOGE).

Dogechain’s whitepaper described plans to use Polygon Edge, and a recent Aug. 31 blog post confirms that the mainnet is currently built on Edge. Dogechain’s GitHub page also indicates that the project is forked from Polygon Edge.

Though Dogechain has a small market cap of $29 million, it is among the most recognizable projects to use Polygon Edge. Dogechain has attracted attention on social media due to the popularity of the “doge” meme. It has also earned criticism from Dogecoin developers, who have stressed that Dogechain has no official ties to the core project and called DC a “knockoff token.”

The post Polygon halts development on Edge, pivots to Polygon CDK appeared first on CryptoSlate.



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Polygon Labs Shifts Focus from Edge to CDK Expansion https://cryptocurrencypanther.com/2023/12/15/polygon-labs-shifts-focus-from-edge-to-cdk-expansion/ https://cryptocurrencypanther.com/2023/12/15/polygon-labs-shifts-focus-from-edge-to-cdk-expansion/#respond Fri, 15 Dec 2023 22:01:48 +0000 https://cryptocurrencypanther.com/2023/12/15/polygon-labs-shifts-focus-from-edge-to-cdk-expansion/

Polygon Labs has announced its decision to cease contributions to the Edge framework, also known as Supernets. The company is now channelling its resources towards the Chain Development Kit (CDK), a move reflecting a change in development priorities over the past year.

The Rise of CDK in Blockchain Networks

Initially, Edge was developed as an open-source tool under the Apache License 2.0. It played a crucial role in enabling the creation of custom blockchain networks compatible with Ethereum. However, the evolving landscape of blockchain technology has led Polygon Labs to pivot towards the CDK. This toolkit is specifically designed for developing various Layer 2 ZK-Rollups, which are Layer 2 networks crafted using zero-knowledge proofs.

Interoperability and Liquidity: The CDK Advantage

The CDK is garnering interest from numerous projects, including Immutable, OKX, Astar, Canto, Palm Network, Aavegotchi, IDEX, Nubank, and Manta Network, for their Layer 2 network developments. The CDK offers a key advantage over Edge of the capability for deployed chains to be interoperable within a broad network of ZK-powered L2s.

This interoperability creates a unified pool of liquidity, a feature not natively supported by Edge and requiring significant modifications for migration.

Polygon’s Dual Scaling Methods

Polygon Labs employs two primary scaling methods: Polygon PoS, a sidechain, and zkEVM, a zero-knowledge rollup network. The firm is also focusing on a significant development of the 2.0 upgrade. This upgrade, slated for release in 2024, is set to form an ecosystem comprising multiple chains with enhanced zero-knowledge capabilities.

Powered by the CDK, this ecosystem aims to integrate Layer 2 chains based on ZK rollups and facilitate cross-chain communication, marking a significant step forward in blockchain technology.

The shift in focus from Edge to CDK by Polygon Labs underscores the company’s commitment to staying at the forefront of blockchain technology. As the industry evolves, Polygon Labs is positioning itself to lead in developing advanced, interoperable blockchain networks.

Read Also: Coinbase to Appeal SEC’s Rulemaking Request Denial

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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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