all about cryptop referances
Customizable scrolling vendor Eclipse announced that the startup is launching a scaling solution compatible with Solana and Polygon. Eclipse revealed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migrated to the Polygon Sealevel Virtual Machine (SVM).
On Thursday, rollout vendor Eclipse announced that the startup is partnering with the Polygon team to launch the Polygon Sealevel Virtual Machine (SVM). Eclipse noted that Polygon SVM will add new use cases and traffic to the Polygon ecosystem. Furthermore, the technology will utilize the security of Polygon and aims to provide a faster and more efficient experience.
Eclipse works with customizable rollups, a Layer 2 (L2) scaling concept that combines a large number of transactions to validate them all at once offchain, before committing them back to the blockchain. Abstract concepts aim to improve scalability, reduce fees, and maintain the security and decentralization benefits of the underlying blockchain network.
“Ethereum was obviously still very slow and still very expensive, so it was very obvious that rollups were the way to scale Ethereum,” Neel Somani, the founder of Eclipse explained to Techcrunch. “So we thought, what if we made a highly parallelized digest, but the difference is that we stick to a standard set of tools that already exist like the Solana Virtual Machine or the Ethereum Virtual Machine (EVM).”
Eclipse raised $15 million last year and is backed by Polychain, Tribe Capital, Struck Crypto, Soma Capital, Tabiya and Galileo. The start-up is also a grant recipient from the Solana Foundation and has worked with Celestia, Eigenlayer and Near. Somani, a former Terra blockchain developer, worked on Terranova, a Terra-based Ethereum Virtual Machine (EVM) project before the Terra ecosystem collapsed.
What do you think about the new project being developed by Eclipse? Share your thoughts in the comments section below.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of products, services or companies. Bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is directly or indirectly responsible for damages or losses caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in this article.
