Polygon

<p>Fastlane Labs has launched an innovative protocol, ‘FastLane on Polygon,’ designed to reward <a href="https://blockchainreporter.net/glossary/validator/" rel="noopener noreferrer nofollow">validators</a> for maintaining the health of the Polygon blockchain. The protocol aims to monetize transaction bottlenecks, thereby increasing successful trading outcomes and reducing transaction spam. This development is a significant stride towards a healthier Polygon network. With 24% of validators on the Polygon Blockchain already connected to the FastLane protocol, Fastlane Labs continues to deliver robust, efficient, and user-friendly solutions to its community.</p><h2 id="header-0">A New Opportunity For Profit-Seeking Algorithmic Traders</h2><p>Fastlane Labs has announced the launch of its innovative protocol, ‘FastLane on Polygon’ (PFL), designed to reward validators for maintaining the health of the Polygon blockchain. The protocol, which is easy to integrate, monetizes transaction bottlenecks on Polygon, thereby increasing successful trading outcomes for FastLane-enabled traders. This innovative approach is expected to lead to a reduction in transaction spam and a healthier Polygon network.</p><p>Fastlane Labs’ new protocol, ‘FastLane on Polygon,’ is designed to optimize the Polygon blockchain, a <a href="https://blockchainreporter.net/glossary/proof-of-stake-pos/" rel="noopener noreferrer nofollow">Proof of Stake (PoS)</a> network. The protocol targets algorithmic traders, including arbitrageurs and <a href="https://blockchainreporter.net/nft/" rel="noopener noreferrer nofollow">NFT</a> traders, who make up a large part of Polygon’s transactions. FastLane ensures quicker transactions and reduces the correlation between transaction volume and trading success. It also addresses an issue common to many <a href="https://blockchainreporter.net/blockchain/" rel="noopener noreferrer nofollow">blockchains</a>, where some transactions are processed faster, leading to spam. FastLane replaces this with an efficient auction system, rewarding validators who reduce spam and protect the network.</p><h2 id="header-1">Enhanced Trading Outcomes and Network Health</h2><p><a href="https://www.fastlane.finance/" rel="noopener noreferrer nofollow">FastLane protocol</a> operates by substituting the slight probability of certain transactions gaining a speed edge with a transparent and highly efficient auction system. This system incentivizes validators to reduce spam and protect the network by offering them the proceeds from any auctions held on the PFL relay during their blocks. The protocol is user-friendly, requiring no custom code or sensitive information disclosure from validators.</p><p>The auction system provides Searchers the opportunity to compete for FastLane access during Validator block sprints, thereby enhancing their chances of successful trades. Searchers initiate their transaction on the PFL relay, triggering an auction for a specific opportunity transaction. The opportunity and auction winner are then expedited to the validator via FastLane, preceding the regular network traffic.</p><p>The FastLane protocol diminishes the slight chance of random transactions gaining a speed advantage, thereby removing the motivation to inundate the network with unnecessary transactions. This decrease in bot spam contributes to a healthier network and could potentially reduce data transfer costs for both validators and searchers.</p><p>In line with its commitment to the Polygon community, the FastLane protocol is designed not to enable transactions that could potentially harm Polygon users, and it includes safeguards to discourage harmful <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a> practices such as sandwich attacks.</p><p>Fastlane Labs has made significant strides in securing the <a href="https://polygon.technology/" rel="noopener noreferrer nofollow">Polygon</a> community by integrating 24% of its validators with the FastLane protocol. The firm remains steadfast in its mission and is committed to providing its community with robust, efficient, and user-friendly solutions.</p>

Fastlane Labs Unveils 'FastLane on Polygon' Protocol, Aims to Reward Validators and Enhance Network Health

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