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Avail’s testnet bridge set to revolutionize layer-2 solutions

Avail
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TL;DR

  • Avail, a blockchain network, has recently unveiled a testnet data availability bridge designed to connect with the Ethereum network.
  • Layer-2 rollup networks like Arbitrum, Optimism, Polygon zkEVM, and zkSync Era have been successful in reducing transaction fees by aggregating transactions into compressed “rollups” and periodically including them in the base layer. 
  • The new bridge enables developers to easily and rapidly create custom validiums by storing their transaction data on the Avail network, eliminating the need for them to establish their own DAC or proof-of-stake data availability network.

Avail, a blockchain network, has recently unveiled a testnet data availability bridge designed to connect with the Ethereum network. In an announcement made on July 7, the bridge aims to facilitate the seamless creation of “validiums” or low-cost layer 2s that do not store complete transaction data on the Ethereum blockchain.

Initially developed by Polygon Labs, Avail became an independent project in March. Anurag Arjun, the co-founder of Polygon, is also the founder of Avail. Layer-2 rollup networks like Arbitrum, Optimism, Polygon zkEVM, and zkSync Era have been successful in reducing transaction fees by aggregating transactions into compressed “rollups” and periodically including them in the base layer. However, since these networks still need to record all transactions on the base layer, they often have higher transaction costs compared to layer-1 competitors.

To address this issue, some networks have chosen to only write validation proofs of each transaction to the base layer while storing the complete transaction data off-chain. This results in the creation of “validium” networks. For example, StarkEx offers a validium mode that stores data with a data availability committee (DAC) rather than directly on Ethereum. Additionally, there are plans for Polygon’s proof-of-stake network to potentially operate as a validium, storing its data on a proof-of-stake chain in 2024.

Role of Avail network

According to the recent announcement, the new bridge enables developers to easily and rapidly create custom validiums by storing their transaction data on the Avail network, eliminating the need for them to establish their own DAC or proof-of-stake data availability network. When a user intends to withdraw cryptocurrency from a layer 2 solution back to Ethereum’s base layer, the bridge will transmit an attestation confirming the data’s availability on Avail, thereby facilitating the withdrawal process.

Anurag Arjun expressed excitement about the launch of the Data Availability attestation bridge, stating that it signifies a significant advancement in their mission to enhance blockchain scalability and efficiency. By enabling the operation of roll-up constructions in validium, optimistic chains, and volition modes, the bridge aims to reduce costs and create a more inclusive and efficient layer-2 and layer-3 ecosystem.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Lacton Muriuki

Lacton is an experienced journalist specializing in blockchain-based technologies, including NFTs and cryptocurrency. He dabbles in daily crypto news rich with well-researched stats. He adds aesthetic appeal, adding a human face to technology.

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