In a significant move for blockchain technology, Celestia is set to integrate with Polygon's Chain Development Kit (CDK) in early 2024. This collaboration is expected to provide a seamless component for data availability within Polygon-based networks. The integration aims to substantially reduce transaction fees, potentially by more than 100 times, by allowing networks to store compressed transaction data on Celestia instead of Ethereum. This development simplifies the choice for networks and is seen as a pivotal moment for Web3, likened to the impact of high-speed fiber on Web2 applications by Polygon co-founder Sandeep Nailwal.
Polygon's CDK software empowers developers to create new blockchain networks within the broader Polygon ecosystem, currently utilized by various platforms including OKX, Astar, Canto, Gnosis Pay, Palm, and IDEX. The Celestia integration is poised to further enhance this ecosystem.
Polygon-based networks employ different data storage methods. While "rollups" store transaction data directly on the Ethereum network, "validiums" store only validation proofs on Ethereum, with the actual compressed transaction data stored on a separate network. Celestia, along with networks like Avail, will be instrumental in storing transaction data for validiums.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
