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Polygon-Powered DePIN Coordination: Witness Chain and Eigenlayer AVS Lead the Way

source-logo  crypto-news-flash.com 24 May 2024 09:38, UTC
  • Polygon L2 has linked up with Witness Chain to boost DePIN Co-ordination Layer.
  • With its CDK engine, Polygon is looking to drive real-world use cases.

Polygon blockchain, known for solving scalability issues has announced an integration with Witness Chain, an Eigenlayer AVS to unlock a unified future for DePINs coordination. At the heart of this integration lies the use of Polygon’s Chain Development Kit (CDK) to facilitate the DePIN Coordination Layer (DCL).

Why Witness Chain for Polygon-Powered DePIN Coordination?

As revealed in a series of posts on social media X, the Witness Chain Zero-Knowledge Layer 2 will establish a consensus and verification protocol for the physical state of DePINs. The vision of the DCL brings to life a scenario where resources seamlessly flow across various DePIN networks. This opens the door for the development of next-generation Decentralized Applications (dApps) designed specifically for the DePIN ecosystem.

Witness Chain, an @eigenlayer AVS, is building the DePIN Coordination Layer (DCL) with Polygon CDK and connecting to the AggLayer to unify DePIN economies on Ethereum.

The @witnesschain ZK L2 will establish a consensus and verification protocol for the physical state of DePINs. pic.twitter.com/9isYvNIwux

— Polygon | Aggregated (@0xPolygon) May 22, 2024

This is in addition to securing a connection to the AggLayer to unify DePIN economies on Ethereum (ETH). This connection allows the DCL to go beyond individual DePIN networks. As a result, DePIN communities can now share value, bootstrap infrastructure, and access a wider range of tools. This simplifies DePIN onboarding and unlocks the power of interconnected DeFi and DePIN ecosystems, capturing value from a much larger pool.

Typically, DePINs enable autonomous, real-time interactions inside physical infrastructures through technologies like smart contracts and the Internet of Things (IoT). It aims to increase system responsiveness and adaptability to human demands.

As regards Polygon’s recent integration, Witness Chain acts as a bridge, allowing DePINs to connect, share resources, and build a thriving economic continent. This ensures fast transaction processing without compromising on security, a crucial element for any large-scale DePIN collaboration. Developers gain access to a richer pool of functionalities, while DePIN providers benefit from a more robust and interconnected infrastructure.

The DCL will serve the purpose of merging DeFi and DePINs for innovative applications. Additionally, it will introduce dual-staking for DePINs and rollups and facilitate on-chain asset registration for DePIN nodes.

Importance of Polygon CDK for DCL

The importance of Polygon CDK for the DePIN Coordination Layer cannot be over-emphasized. CDK leverages Ethereum’s robust security to ensure proofs are settled on the Ethereum network. Furthermore, CDK chains seamlessly interact and share data via AggLayer, enabling cross-chain utilization of proofs on Witness Chain’s DCL layer. Also, the initial deployment features a gasless mode with CDK.

Overall, the future of DePINs is bright, and Witness Chain is leading the charge. Witness Chain’s collaboration with Polygon demonstrates a future where DePINs play a functional role in building a more secure, transparent, and efficient ecosystem.

It is worth noting that besides Polygon, other blockchain platforms like Solana are now powering DePIN infrastructure. As previously reported by Crypto News Flash, Helium, and Hivemapper, both leveraging the Solana blockchain are also at the forefront of this movement.

With the positivity around its DePIN ecosystem, Polygon is seeing impressive growth leaps. As of this writing, MATIC, the native cryptocurrency of Polygon is trading at $0.7443, demonstrating an increase of 4.7% in the past day. The market is now pegged at $7.3 billion, while trading volume is $426 million.