Ethereum blockchain Layer 2 platform Polygon, has announced the launch of Polygon SDK, its eagerly-awaited scaling solution that will enable developers to quickly build and deploy Ethereum-compatible chains using an inbuilt EVM (Ethereum Virtual Machine) and pluggable modules.
According to the company, Polygon SDK is intended to mark the start of a morphing process for Ethereum where scalability issues are resolved and it becomes a multi-chain community hosting every conceivable type of blockchain use case. Developers will build out this so-called ‘Internet of Blockchains’, using Polygon SDK’s inbuilt tools to quickly develop and deploy Ethereum-compatible blockchains for all kinds of uses.
Polygon SDK’s Use Cases
Despite Ethereum’s burgeoning growth and importance as the DeFi ecosystem gains increasing prominence, supporting an Ethereum-compatible multi-chain vision is not part of Ethereum’s plans. It instead chooses to focus mainly on network security for the second layer solutions and its sharding framework. Polygon believes that this leaves a crucial gap regarding the development of Ethereum-linked blockchains and the possibility of fast and secure communications across different parts of such a network of multiple Ethereum-linked chains.
Polygon SDK was developed specifically to fill this gap, using an inbuilt EVM to enable the quick, secure and easy development of blockchains that are linked to and interoperable with the Ethereum network. The ultimate goal, as stated by the company, is the transformation of Ethereum from a single blockchain into a hub of multiple interlinked blockchains – the ‘Internet of Blockchains’.
Explaining how Polygon SDK works, an excerpt from the release announcement reads:
Divided into separate modules, the Polygon SDK enables developers to easily compose their own chain with several off-the-shelf solutions usable for key aspects of blockchain operation[…] The SDK mirrors a “Polkadot on Ethereum” approach by providing similar features to other frameworks for deploying blockchains such as Substrate.
What Next For Polygon?
According to the announcement, Polygon SDK users will be able to choose to build a standalone security network or one which is bound to the Ethereum security framework. In the aftermath of SDK version 1, the company says that it intends to add several new features including HotStuff and Tendermint consensus implementations and new database implementations. It also intends to develop features for specific chains such as inter-chain messaging, data availability services, adaptors for external blockchain networks and more.
Speaking about his vision for Polygon and the Ethereum blockchain following the release of Polygon SDK, cofounder Sandeep Nailwal said:
The release of Polygon SDK is an important addition to one of the most exciting periods in Ethereum’s history. With advanced “Layer 2” solutions, Ethereum 2.0 all coming online now or soon, the need for a comprehensive interoperability framework is stronger than ever. With the Polygon SDK, we are solving pressing needs for Ethereum’s multi-chain future, including ease of deployment and inter-L2 communication.