Polygon, formerly known as the MATIC network, aims to launch Avail, an Ethereum full-stack scaling solution. An all-purpose blockchain network dedicated to providing scalable data to independent chains, sidechains, and other Layer-2 solutions.
Avail, according to Polygon, would guarantee flawless data availability while avoiding data encoding proofs through the use of erasure coding and polynomial commitments to build a two-dimensional data availability system.
Polygon's goal in bringing Avail on board is to offer a single chain that is troubling processing transactions with the necessary data to make the job simpler.
Furthermore, by employing Avail as an off-chain data availability layer, other L2 solutions may significantly enhance scalability rates.
Anurag Arjun, the co-founder of Polygon, commented on the news:
“Avail is a critical component of a new paradigm for how blockchains will operate in the future. Off-chain scaling solutions and isolated chains, we believe, will necessitate a strong, scalable data availability solution, and we are pleased to be working on this problem.”
Avail, according to Polygon, is a safe data host and ordering layer that execution layers utilize, and it is an “important component to fundamentally changing the game on how future blockchains would work.”
Through various collaborations, the project is continuing to expand its ecosystem. Polygon partnered with Google in May to connect its blockchain datasets into BigQuery, allowing the protocol to have precise on-chain information.
Meanwhile, the blockchain network is not falling behind in the DeFi industry. Polygon and 0x announced a $10 million commitment to drawing at least one million people to Polygon and Ethereum earlier this month.
Polygon plans to utilize the cash to help projects and developers on its network build a safe and comprehensive DeFi infrastructure.