Taking an important step for the Japanese Blockchain ecosystem, altcoin Astar Network announced its strategic partnership with Polygon, a leading developer in the field of Ethereum scaling. This collaboration aims to launch Astar zkEVM, a layer 2 solution that uses Polygon’s Chain Developer Kit (CDK) to facilitate enhanced interoperability between Astar’s network and Ethereum Virtual Machine (EVM) chains. Here are the details…
Critical partnership announced for two altcoins
Astar’s zkEVM, which stands for zero-knowledge Ethereum Virtual Machine, represents a cutting-edge layer-2 scaling solution designed to deliver a more scalable software computing environment for Ethereum-based applications. This development is expected to serve as a gateway for international entertainment and gaming projects looking to enter Japan’s burgeoning Blockchain market. The key advantage of the zero-knowledge protocol in the Blockchain space is the ability to verify transactions on-chain without requiring additional interaction or trust between participants. This innovation promises lower gas fees, accelerated transaction processing and higher privacy for users.
The cornerstone of this partnership is Polygon’s CDK, a collection of open source code expressly crafted to support developers in launching zero knowledge layer-2 chains for Ethereum. Built on CDK, these chains are naturally interoperable with each other, promoting a more seamless blockchain ecosystem. Astar Network founder Sota Watanabe highlighted the wider implications of this collaboration, saying, “We will work with the Japanese Government to develop Web3 as a national strategy, encouraging greater enterprise adoption through zkEVM.” This vision is in line with Japanese Prime Minister Fumio Kishida’s support for the adoption of digital finance and Web3 as vital components of the country’s economic revival plan, which he calls “new capitalism.”
Polygon Labs has been involved in the development of many chains
Often described as the latest wave of internet innovations based on Blockchain technology, Web3 covers various aspects such as cryptocurrencies, NFTs and metaverse. Japan’s progressive stance on these technologies positions the country as a leading force in the global web3 environment. Polygon co-founder Sandeep Nailwal expressed confidence in the demand for transparent, trustworthy applications that blockchain technology can offer Japan. “As it stands today, Asia is one of the most forward-thinking regions in the world when it comes to web3 adoption,” Nailwal said.
The joint effort between Astar Network and Polygon Labs also aims to empower businesses to launch Blockchain initiatives. This move further solidifies Japan’s role as a central hub for the web3 movement. It’s worth noting that Astar zkEVM isn’t the first third-party solution powered by Polygon’s technology. Polygon Labs has been actively involved in the development of discrete zkEVM chains for projects such as Immutable, IDEX, and Palm Network.
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