Merkle Network collaborated with the Polygon Network and got funding from the Polygon Foundation. Merkle Network would enable Polygon & its key partners to continue their drive towards becoming genuinely interoperable, reaping cross-chain advantages of this strategic relationship. Presently, billions of dollars are held on different blockchains and are only available to individuals who remain in the very same ecosystem. These assets & data are not accessible on other chains. This is becoming a significant hurdle for every protocol’s widespread adoption and usage.
The Merkle Network was created to address the issue of fragmentation. Merkle is an interoperable system that interconnects each and every blockchain efficiently. It enables any project/service to function in a fully compatible environment by going fully cross-chain. It links Polygon to all main blockchains in order to have access to data & assets from many blockchains.
As a result, user activity somewhat on Polygon Network will increase, and user involvement will be quicker.
It will enable Polygon to get into the presently untapped grey region of the cross-chain value. This cooperation is a step forward for such a cross-chain business. Significant growth is expected within the next stage of Web 3.0.
Polygon Network is really the biggest layer-two solution presently offered in the blockchain world. Polygon Network has made a step ahead in embracing a new interoperable universe and allowing its visitors to explore further by partnering with Merkle Network.
- Merkle Network will assist Polygon in connecting with other chains and utilizing information from many blockchains, allowing for frictionless transfer across them. Polkadot, Avax, Moonriver, BSC, PulseChain and Cosmos, and many others are examples.
- There’s a whole variety of applications built on Polygon, including Defi, NFTs, Gaming applications, markets, and other unique businesses that do not presently have access to information from many other networks. Merkle Network will enable those companies to link with other chains and share data.
This collaboration is a milestone for Polygon Network toward interoperability and providing its customers with the aspects of running in a cross-chain ecosystem.
Polygon is the premier Ether scalability and infrastructure building platform. Its expanding product portfolio provides developers with simple access to all main scaling and infrastructural options, including L2 solutions (Optimistic Rollups and ZK Rollups), sidechains, stand-alone and enterprise chains, hybrid alternatives, data availability solutions & more. Polygon’s scalability solutions have been widely used, with 3000+ apps served, 1 billion+ total transactions completed, 100 million+ specific user identities, and $5 billion+ in assets safeguarded.