The Partisia Blockchain network has announced a formal partnership with the Ethereum layer-1 solution Polygon. As per the deal terms, Partisia Blockchain will introduce its privacy-based computations and features on Polygon. A new smart contract will be introduced to help developers build secure privacy infrastructures.
Although Ethereum has become one of the largest blockchain networks globally, it still has setbacks in terms of cost-effectiveness and performance. It led to creation of a new set of crypto startups known as layer-1 solutions. These layer-2 solutions are built to address specific issues in the Ethereum blockchain.
Polygon is one such project developed to enhance the throughput and bring down the gas fees for developers on Ethereum. The network was launched back in 2017 as Matic before being renamed Polygon in 2021 for a global appeal. Thanks to a more accommodative and sustainable environment offered for developers from DeFi and NFT spaces, the network is currently leading the industry.
The success of Polygon is mainly dependent on its layered infrastructure to execute various functions. This four-layered infrastructure involves an Ethereum layer, a security layer, a Polygon network layer, and, finally, an execution layer. Apart from their various functions, these layers offer developers much-needed flexibility while developing projects.
Thanks to the partnership with Partisia Blockchain, the Polygon network adds another layer dedicated entirely to privacy. The new layer will allow multi-party computation with a zero-knowledge function, unlike the previous privacy model that allowed only two parties to compute. The two networks hope that the new addition will enhance privacy during multi-party events like NFT auctions.
Moreover, the current decentralized applications on Polygon will also be able to access these privacy features from Partisia Blockchain. Through a dedicated bridge, the developers can access bespoke private computation smart contracts on Polygon. As part of the partnership, Partisia will also offer support to native polygon tokens for paying node fees for these privacy functions.
Co-founder of Partisia Blockchain Brian Gallagher believes that privacy will be a key aspect in the development of web3 in the future. He further added that implementing these functions on Polygon will offer developers a robust platform that would help bring in more privacy-first web3 applications.
From Polygon, it is believed that the new confidentiality layer powered by the Multi-Party Computation and Zero-knowledge functions of Partisia Blockchain will provide more tools for developers to optimize security and privacy in dApps.
Polygon is already home to some of the reputed brands and products from DeFi and TradFi. And what is more, the number of developers on Polygon has also increased exponentially in recent times. Given these, the additional privacy layer seems to be a worthy addition capable of adding to the ecosystem’s growth.
