Rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon.
that the Polygon SVM will add new use cases and traffic to the Polygon ecosystem. Furthermore, the technology will leverage the security of Polygon and aims to provide a faster and more efficient experience.
Eclipse works with customizable rollups, a Layer 2 scaling concept that combines a large number of transactions to validate them all at once offchain, before committing them back to the blockchain. Rollup concepts aim to improve scalability, reduce fees, and maintain the security and decentralization benefits of the underlying blockchain network.
“Ethereum was obviously still really slow and still very expensive, so it was very obvious rollups were the path to scaling Ethereum,” Neel Somani, the founder of Eclipseto Techcrunch. “So we were thinking, what if we made a highly parallelized rollup, but the difference is that we stick to a standard set of tooling that already exists like the Solana Virtual Machine or Ethereum Virtual Machine .”
Eclipse raised $15 million last year and is backed by Polychain, Tribe Capital, Struck Crypto, Soma Capital, Tabiya, and Galileo. The startup is also a grant recipient of the Solana Foundation and has worked with Celestia, Eigenlayer, and Near. Somani, a former Terra blockchain developer, worked on Terranova, a Terra-based Ethereum Virtual Machine project before the
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Eclipse to release a Solana-compatible Layer 2 blockchain built for Polygon networkPolygon SVM uses the SeaLevel Virtual Machine (SVM) and Optimistic Rollups technology, allowing Solana developers to migrate their apps to Polygon.
Read more »
Bitcoin drops 3.5%, Polygon Labs cuts jobs, and Coinbase usage continues to fall: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Mike Belshe. the co-founder and CEO of BitGo, reacts to the SEC's crackdown on the crypto industry.
Read more »
Polygon Blockchain Suffers Apparent OutageThe Polygon blockchain has not processed a new block in over an hour, leading to speculation it might be experiencing an outage. By skesslr
Read more »
Breaking: Polygon blockchain reportedly suffers network outageLayer-2 Ethereum scaling solution Polygon has not produced a new block in over an hour and 40 minutes, prompting some to believe it is suffering from a network outage.
Read more »
Polygon Blockchain Nodes Briefly Went Out of Sync, Affecting Explorer, Sowing ConfusionWhat really happened: Node-syncing problems on Polygon cascaded to PolygonScan, an application used to track transactions – causing the appearance of an outage. Fresh reporting from realDannyNelson
Read more »
Polygon (MATIC) Nodes Went Offline Briefly: What Do We KnowNodes of 0xPolygon $MATIC briefly went offline, MihailoBjelic explains what happened Polygon MATIC
Read more »