bloXroute Providing Future-Proof Network Layer Solution for Polygon
In the wake of surging applications, Polygon and bloXroute Labs entered an agreement to create a Polygon protocol compatible Blockchain Distribution Network (BDN), to accelerate on-chain data propagation and add tools to improve the efficiency of DeFi trading on Polygon.
The BDN is a high speed relay network consisting of high performance servers across the globe. It’s able to reduce network latency significantly by using cutting-edge designs such as transaction indexing, cut-through routing and private links. On top of it, the BDN provides a comprehensive DeFi trading toolkit to help traders seize arbitrage opportunities, including on-chain data stream, frontrunning protection. So far the BDN has been adopted by the majority of Ethereum mining pools and hundreds of Ethereum users in the pursuit of lower uncle rate and better trading performance.
Inheriting all the features from the Ethereum – BDN, integration with the BDN will allow Polygon network to remain highly efficient as the network expands, while users will continue to enjoy low fees in spite of the exponential transaction volume growth. On the other hand, DeFi traders will experience less transaction delays and less frontrunning attacks. To bootstrap the adoption, Polygon foundation is going to incentivise Polygon node operators and users to leverage the BDN network for block and transaction propagation as the complement to the existing P2P network.
Jaynti Kanani, Co-founder and CEO of Polygon, commented on the collaboration,
“Polygon is creating a multi-chain Ethereum ecosystem that can not only handle high throughput but also boost DeFi. Such a complex ecosystem would require a very robust and scalable network infrastructure. I’m glad that bloXroute has the proven technologies we need and is committed to supporting the Polygon ecosystem.”
Eyal Markovich, Co-founder and COO of bloXroute, said,
“bloXroute has started to support Ethereum since mid 2019 and is committed to create a future-proof network infrastructure empowering the evolution of Ethereum ecosystem. From ETH mining to DeFi, we have expanded our offerings in response to the community needs. Now we’re very excited about the opportunity to be part of the novel Ethereum multi-chain system through the partnership with Polygon.”
The V1 of Polygon – BDN could be released as early as mid July 2021, which includes the relay network and data stream service. More details of the offering will be shared in the near future.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
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About bloXroute Labs
bloXroute Labs is the leading blockchain network layer (aka “layer-0”) solution provider specialized in on-chain scalability and DeFi trading network infrastructure. In 2019, bloXroute launched the industry’s first layer-0 scalability solution — Blockchain Distribution Network (BDN), which has been adopted by the majority of Ethereum miners. It helps miners reduce uncle rate by accelerating on-chain block and transaction propagation. The BDN is also compatible with all blockchain protocols. In 2020, bloXroute introduced the ETH DeFi toolkit that includes advanced mempool service, frontrunning protection and MEV (Maximum Extractable Value). It helps traders improve their trading strategies and increase earnings. In 2021, bloXroute launched the BDN support for Binance Smart Chain (BSC).