AggLayer or Aggregation Layers will be the game changer of blockchain technology. Marc Boiron, CEO of Polygon Labs, and Brendan Farmer, Co-Founder of Polygon, have recently introduced the concept of AggLayer that could address the existing limitations and redefine the entire blockchain technology. AggLayer enables the users to overcome the issues of blockchain fragmentation.
The major functions of aggregation layers are ensuring the safety of atomic cross-chain transactions and aggregating the ZK proofs of all the interlinked blockchains. The introduction of AggLayer from Polygon will be a notable event in the history of blockchain technology. We can define the functioning of AggLayer in simple terms, it unifies many dispersed and scattered blockchain networks. This article comprehensively studies Polygon’s AggLayer and its major benefits.
What is Polygon AggLayer
Polygon’s latest addition, the Aggregation Layer is built to address the existing challenges of fragmentation of blockchains and scaling. AggLayer can tackle the challenges existing in blockchain interoperability by providing a common layer for blockchains regardless of the differences in their consensus mechanism. The two major components of AggLayer include a common bridge and a ZK-powered mechanism. AggLayer is a novel approach to blockchain architecture by combines the advantages of Monolithic and modular architectures through zero-knowledge technology.
Blockchain technology adopts two types of architecture models, monolithic and modular. Monolithic chains like Solana offer an interoperable and unified ecosystem where nodes are responsible for handling consensus. Modular architecture solves issues like state boat, and state contention that arise in monolithic architecture. Modular architecture too has limitations like fragmentation of liquidity. Here is the importance of AggLayer, it emerged as a luxury solution to these issues by merging the best features of both monolithic and modular architectures.
Polygon’s AggLayer aims to create an impeccable and interconnected ecosystem of blockchains that securely interoperate like a single chain. AggLayer addresses the key challenges faced by the current blockchain system besides enhancing security and interoperability.
Advantages of AggLayer
AggLayer offers you multiple benefits and advantages. Like enhanced security, scalability, improved user experience, reduced latency, etc. reduced latency will enable cross-chain transactions faster than traditional methods. Flawless bridging and shared liquidity will provide a better and more futuristic user experience and build a user-friendly ecosystem. The cryptographic technology adopted by AggLayer ensures that the cross-chain transactions will remain secure. Enhanced scalability or the provision to easily add new chains to the ecosystem enables the users for horizontal scaling and eventually leads to meeting the growing demands.
Features of Polygon’s AggLayer
The major features of AggLayer are explained below. These features are capable of transforming the user experience of existing blockchain technology and decentralized networks.
- Sovereignty: the individual chains can enjoy all the monopolistic privileges and ultimate sovereignty even though they are interconnected through the AggLayer.
- United liquidity: all the assets interconnected via Polygon AggLayer can enjoy shared liquidity. These features will be able to address problems like safety issues and bootstrapping issues.
AggLayer is planning to bring much more enhanced features in the future, these are expected to feature on AggLayer very soon and users will not have to wait for a long period to access them. Chain aggregation, shared sequencing, chain state accounting, and low cost are the expected features that might come in no time. The evolution and advancement of the blockchain landscape and Decentralized Finance (DeFi) could be the major outputs that AggLayer is capable of. The futuristic features from Polygon will incite the upcoming technology and its implications.
The Bottom Line
Aggregation Layer from Polygon will be the future of blockchain technology and it could redefine the entire decentralized finance through its unconventional approach to eradicate the existing problems. The cross-chain interaction has been a serious issue in blockchain technology, the integration of AggLayer could solve the limitations in the cross-chain applications and blockchain interoperability to an extent. The user-friendliness and advanced security that AggLayer brings and is capable of implementing could be a big game changer in blockchain technology.
