Ethereum

Solana

Rune

Polygon

Cosmos-native layer-1 blockchain Canto has migrated to Ethereum (ETH) as a Layer-2 zero-knowledge (zk) rollup powered by Polygon Chain Development Kit (CDK). 
The movement is characterized by Canto’s vision to build a blockchain dedicated to real-world assets per a published statement by Polygon Labs. Markedly, the <a href="https://polygon.technology/blog/canto-to-migrate-to-a-zk-l2-powered-by-polygon-chain-development-kit?utm_source=twitter&amp;utm_medium=social&amp;utm_content=canto-blog">CDK will be used to undergird the new design</a>. 
“Chains designed with CDK retain independence without sacrificing modularity, and join a unified ecosystem of ZK L2s connected to one another, with fast and seamless access to Ethereum,” the blog post highlighted.&nbsp; 
<h2 id="b-collaboration-between-canto-and-polygon-cdk-b-span-style-font-weight-400-span">Collaboration Between Canto And Polygon CDK&nbsp;</h2> 
Canto was released last year as a permissionless general-purpose blockchain. 
The chain provides an Ethereum Virtual Machine (EVM)-compatible execution layer including core financial primitives like decentralized exchange, lending market, and unit of account. On the other hand, Polygon CDK is a permissionless and open-source technology that be utilized to design and build zero-knowledge chains that reflect a community’s ethos. 
Hence, integrating with Canto Commons will mean that “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” and Canto will also gain access to tge liquidity of a unified Polygon ecosystem with easy access to ETH. 
<h2 id="b-polygon-canto-relationship-to-enjoy-eth-linked-security-b">Polygon-Canto Relationship to Enjoy ETH-linked Security&nbsp;</h2> 
Amongst other perks, Polygon and Canto stand to enjoy Ethereum’s security, thereby enabling more decentralization as well as trustless guarantees that come when bridging assets. 
Furthermore, Canto took to the X app to explain the move that prompted the adoption of the Polygon CDK citing its capability and functionality including permissionless sovereignty, security, and liquidity.&nbsp; 
“After assessing several routes, it quickly became clear that Polygon CDK offers a powerful suite to enable Canto to deliver a ZK L2 that extends the community’s defining ethos of permissionless sovereignty, security, and liquidity as a public good.” 
<h2 id="b-multiple-migrations-from-different-blockchains-b-span-style-font-weight-400-span">Multiple Migrations From Different Blockchains&nbsp;</h2> 
It is worth noting that there has been a recent growing trend of migrating from multiple blockchains. 
Last month, the Y00ts&nbsp;<a href="https://thecoinrise.com/non-fungible-tokens-nft-beginners-guide/">Non-Fungible Tokens</a>&nbsp;(NFTs) project hinted at <a href="https://thecoinrise.com/y00ts-nft-project-announces-migration-from-polygon-to-ethereum/">migrating from Polygon to Ethereum</a> at an undisclosed date. This was after it had migrated from Solana to Polygon at the beginning of the year. Consequently, the Y00ts project&nbsp;said would be returning 100% of the $3 million grant provided by Polygon. 
MakerDAO Chief Executive Officer (CEO) Rune Christensen also hinted at a <a href="https://thecoinrise.com/ethereum-co-founder-sells-off-last-makerdao-holdings/">re-implementation of its upcoming project to Solana blockchain</a>. 
The post <a rel="nofollow" href="https://thecoinrise.com/canto-set-to-migrate-to-polygon-cdk-on-ethereum/">Canto Set to Migrate to Polygon CDK on Ethereum</a> appeared first on <a rel="nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Canto Set to Migrate to Polygon CDK on Ethereum

Table of Contents

TheCoinrise Media

Άλλα άρθρα που δημοσιεύτηκαν στις 19 Σεπ 2023

Shiba Inu: What Will SHIB's Price Be on October 1, 2023?

Binance.US Never Used Ceffu or Binance Custody, CZ Says

How Arbitrum Plans to Stir the Crypto Pot with a $907 Million Market Entry

Introducing “This Is Fine” ($FINE): The Meme and Culture Coin Taking Crypto by Storm

Bitcoin BSC Crosses the $3M Milestone – Why this New Cryptocurrency with Stake-to-Earn Capabiliti...

MicroStrategy Seeks $750M Via Stock Sales for Bitcoin Investment

Join our free newsletter for daily crypto updates!