.@0xPolygon introduced Pessimistic proofs last week, an addition to the Agglayer serving as ZK Security for Cross-chain Interoperability:
The Agglayer unifies liquidity among chains through a unified bridge, where Pessimistic Proofs provide the cryptographic guarantee, allowing chains to connect to a shared bridge without additional trust assumptions by constantly ensuring that no chains are lying about deposits to their chain.
It aims to allow users to move assets from Chain A to Chain B without needing to take an intermediate step via the L1, eliminating that extra step to maximize efficiency and speed, but this comes with a risk of having a malicious actor on one chain, potentially exploiting the entire bridge.
Therefore the AggLayer is designed to assume that all chains are unreliable, where the Pessimistic Proof's role is to ensure that one chain’s issues cannot contaminate the rest of the chains on the unified bridge, nor drain deposits made to any other chain on the unified bridge.
The Pessimistic Proof works by guaranteeing that each chain has updated their state truthfully, and no chain is withdrawing more tokens than have been deposited to it.
.@0xPolygon ranks 5th in ecosystem DEX trading volume among all Web3 chains in the last 30 days, suggesting that Polygon is one of the go-to chains used for on chain trading.
FYI: Ecosystem DEX trading volume is the aggregate trading volume of the DEXs on the chain during a selected time period.
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A seven-day intensive crash course covering every track around fundraising for early-stage founders (pre-series A)
From 26th June to the 4th of July, you’ll hold access to:
• 🏛️ Virtual Masterclasses by top tier VCs and Builders.
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To wrap it off, @Hadronfc will directly invest upto 100K MATIC in projects showcasing potential
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Crypto is an investment product, not a business.
Oil is a business, not an investment product.
If you spend your life on the wrong side of one of these equations, you are an idiot. If you spend it on the right side, you can become a very wealthy person, even if you are a moron.
I think the main bid for $ETH will start on May 21st. Not because ETF is being approved but rejected. And assuming that a lot of people are reluctant to buy now. They are just waiting for the dip to bid..
X Layer = Majority of the world's population unrestricted by poor regulations and ready to have some fun
Base = Small portion of the world's population restricted by poor regulations and ready to have some fun but only until the music stops