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Canto To Migrate To A ZK L2 Powered By Polygon Chain Development Kit

Twitter icon  •  Published 11 months ago  •  Hassan Maishera

The Polygon team announced via a blog post on Monday that Canto, a Layer 1 blockchain focused on advancing decentralized finance, is migrating to a zero-knowledge Layer 2 on Ethereum powered by Polygon Chain Development Kit (CDK).

The Polygon team announced via a blog post on Monday that Canto, a Layer 1 blockchain focused on advancing decentralized finance, is migrating to a zero-knowledge Layer 2 on Ethereum powered by Polygon Chain Development Kit (CDK).

Polygon CDK is permissionless and open-source tech that can be leveraged to design and build ZK chains to reflect any community’s ethos. If agreement is reached by the Canto Commons, core devs will be able to build a ZK L2 that extends the community’s defining ethos of permissionless sovereignty and liquidity as a public good, the Polygon team added. 

Polygon (previously Matic Network) 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 multiple types of applications. MATIC is up by 1% in the last 24 hours and is currently trading at $0.5292.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.