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Started By
Message
re: Official CryptoTalk Thread
Posted on 3/2/24 at 11:05 am to BK Lounge
Posted on 3/2/24 at 11:05 am to BK Lounge
Just learned about Polygon’s “AggLayer.” It seems like an attempt to do something similar to what Polkadot is trying to do. Anyone have any thoughts on it?
LINK
quote:
The Aggregation Layer: A New Thesis for Blockchain Design
The aggregation layer (AggLayer) is a forthcoming protocol that will allow unprecedented interoperability across chains, and change blockchain user experience as we know it.
In the future, all aggregated chains will enjoy seamless access to all other connected chains, effectively unifying liquidity across the Polygon ecosystem.
Why does this matter?
Once upon a time, Ethereum devs and builders unveiled a bold, rollup-focused roadmap for scaling Ethereum. The community responded with rollup frameworks (e.g. Polygon CDK), with different degrees of customizability and EVM-compatibility.
This modular approach was important for preserving sovereignty among L2s. But more chains also creates the problem of fragmented liquidity, resulting in capital inefficiency and bad UX where users need to bridge across different chains.
The modularity solution contained the seed of a new problem: How can we preserve customizability & sovereignty without fragmenting liquidity? Put another way: How do we design a frictionless Web3 user experience where we can have as many chains as we need—while also connecting all these chains seamlessly? What’s the most elegant way for users to transact in an environment where there are many different chains?
The answer is aggregation via the AggLayer.
The AggLayer offers two fundamental value propositions:
• The sovereignty and scale of modular architectures
• The unified liquidity and smooth UX of a monolithic system
Any chain connected to the AggLayer—whether that’s Polygon PoS, Polygon zkEVM, an appchain built with Polygon CDK or any external L1/L2 chains using CDK’s proving technology—will be synced into a network of aggregated blockchains. From the end-user's perspective, this ecosystem will feel like a single chain.
Why does the AggLayer matter?
?? End-user: Users enjoy a UX that feels more like the Internet, abstracting away the clunkiness of frequent and cumbersome bridging. With the AggLayer, a user can buy an NFT or swap a token on any connected chain, regardless of which connected chain a user is transacting on.
?? dApp developers: At present, dApp devs need to weigh security, liquidity, and sovereignty when deciding which L2s to commit resources to. Thanks to the AggLayer, liquidity will be unified and an aggregated user-base is within reach.
?? L1/L2 chains: Similar to dApps, all connected chains tap into the unified liquidity of chains plugged into the AggLayer, rather than being siloed—all without sacrificing sovereignty for interoperability.
When will it go live?
AggLayer v1, a unified bridge for all participating chains, will go live on Mainnet in February.
AggLayer v2, supporting asynchronous cross-chain transactions, is expected later in 2024.
This is the aggregated blockchain thesis – a multichain ecosystem that can scale to the size of the Internet.
LINK
Posted on 3/2/24 at 11:52 am to BK Lounge
quote:
Same same…. It’s the only thing in my life ive ever owned over one million of…. I have almost 1.5 million of them.. so if it hits a penny ill cash out my $150k and call it the best ROI ive ever seen… but as mentioned above, it’ll probably never happen .. just fun to hold and see .
I’m just hoping to see it hit .0001 and I’ll be happy. .001 would be insane.
Posted on 3/2/24 at 12:26 pm to Hateradedrink
(no message)
This post was edited on 3/21/24 at 12:12 pm
Posted on 3/2/24 at 12:29 pm to lsuconnman
quote:
That’s quite the paradigm
don’t use a word you don’t know the definition of.
Posted on 3/2/24 at 12:51 pm to lsuconnman
did you choose to just ignore everything else?
Posted on 3/2/24 at 1:06 pm to REG861
(no message)
This post was edited on 3/21/24 at 12:12 pm
Posted on 3/2/24 at 2:05 pm to lsuconnman
I’m just fricking with you. You actually have a valid point about the paradox of it.
This post was edited on 3/2/24 at 2:09 pm
Posted on 3/2/24 at 2:34 pm to REG861
I mean, not really.
I don’t get taxed both ways for spending dollars. I don’t have to consider a 37% vs 20% haircut when deciding when to spend dollars.
Resetting the tax clock basically guarantees a 17% loss and I would have to exceed that swing trading and also assume the risk that I make a bad trade.
I don’t get taxed both ways for spending dollars. I don’t have to consider a 37% vs 20% haircut when deciding when to spend dollars.
Resetting the tax clock basically guarantees a 17% loss and I would have to exceed that swing trading and also assume the risk that I make a bad trade.
This post was edited on 3/2/24 at 2:37 pm
Posted on 3/2/24 at 5:19 pm to Jon Ham
quote:
Just learned about Polygon’s “AggLayer.” It seems like an attempt to do something similar to what Polkadot is trying to do. Anyone have any thoughts on it?
It's to make Polygon's ecosystem more cohesive. I'd heard they were working on a unified liquidity layer for a while. Between that zk circuits, it might put them in the lead for easy cross-chain compatibility for other L2s/L3s spun up in the Polygon ecosystem through their Supernets.
It's something all of the L2 ecosystems are going to have to do long term.
This post was edited on 3/2/24 at 5:48 pm
Posted on 3/2/24 at 5:53 pm to Hulkklogan
Polygon quietly made some big moves during the bear. I caught them a couple times on Bankless discussing it, and I was impressed with their ambition. TBD if it works out, but I applaud them for their effort so far.
ETA: Full disclosure that I have a big matic bag.
ETA: Full disclosure that I have a big matic bag.
This post was edited on 3/2/24 at 5:54 pm
Posted on 3/2/24 at 7:05 pm to BottomlandBrew
I do as well. Have it staked anywhere? I have mine on stader, which is a survivor of the luna depeg. Only 5% though
Posted on 3/3/24 at 9:17 am to Hulkklogan
quote:
It's to make Polygon's ecosystem more cohesive. I'd heard they were working on a unified liquidity layer for a while. Between that zk circuits, it might put them in the lead for easy cross-chain compatibility for other L2s/L3s spun up in the Polygon ecosystem through their Supernets. It's something all of the L2 ecosystems are going to have to do long term.
This is exactly why i havent thrown more $$ at crypto.. Because your post , to me, sounds like you are speaking Chinese…. More power to you though .
Posted on 3/3/24 at 9:48 am to BK Lounge
quote:
This is exactly why i havent thrown more $$ at crypto.. Because your post , to me, sounds like you are speaking Chinese…. More power to you though .
crypto and btc are two different things
quote:
It's to make Polygon's ecosystem more cohesive. I'd heard they were working on a unified liquidity layer for a while. Between that zk circuits, it might put them in the lead for easy cross-chain compatibility for other L2s/L3s spun up in the Polygon ecosystem through their Supernets. It's something all of the L2 ecosystems are going to have to do long term.
The case for crypto^
LINK /
The case for btc^
This post was edited on 3/3/24 at 9:49 am
Posted on 3/3/24 at 10:05 am to Art Blakey
quote:
crypto and btc are two different things
Someone should be posting this once a day.
Posted on 3/3/24 at 3:21 pm to I Love Bama
Fact
You will ruffle feathers though
You will ruffle feathers though
Posted on 3/3/24 at 9:09 pm to TigerTatorTots
quote:
You will ruffle feathers though
![](https://i.imgur.com/A3pIYEv.jpg)
![](https://i.imgur.com/mn1Hf8N.jpg)
Posted on 3/3/24 at 9:41 pm to TigerTatorTots
Posted on 3/4/24 at 6:58 am to Hateradedrink
Valkyrie’s new 2X leveraged Bitcoin Futures ETF (BTFX) is the best performing Bitcoin related investment that you can own in a retirement or brokerage account this year in my opinion. It launched February 22nd and is up 45% since then and is up another almost 9% in premarket this morning.
Posted on 3/4/24 at 6:59 am to tenderfoot tigah
quote:
tenderfoot tigah
My shitcoin gamble from a couple years ago was scp/creat. I haven't followed it, but I can't really find anything on it. I'm guessing that shite is dead now?
![](https://images.tigerdroppings.com/Images/Icons/IconLOL.gif)
Posted on 3/4/24 at 7:16 am to LSUJuice
Local top signals are everywhere. Need a healthy pullback.
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