Arcana Network Taps Polygon CDK To Empower a More Decentralized Future

by

Andria Efstathiou

Announcements

|

Apr 3, 2024

We are thrilled to announce that we have chosen to build with Polygon Chain Development Kit (CDK), marking a pivotal moment in our journey toward a more decentralized and scalable future.

At Arcana Network we are dedicated to revolutionizing Web3 UX. That's why we're excited to leverage Polygon CDK to enhance Arcana Validium, the cornerstone of our suite of products. But before we delve into the significance of this decision, let's first understand the essence of Arcana's Validium and why it represents the future of blockchain technology.

What is a Validium & Why Arcana Chose to Be One


Arcana's Validium stands as a beacon of innovation that powers the Arcana suite of products. It reimagines traditional consensus mechanisms by seamlessly integrating fast and secure zero-knowledge computation proofs. These proofs validate off-chain computations and commit them to a data availability base layer, ensuring unparalleled efficiency and security.

But why did we opt for the Validium approach? The answer lies in our commitment to user experience and scalability. By harnessing Validium, Arcana unlocks a myriad of benefits, including:

  • Enhanced Throughput: Validium replaces slow consensus mechanisms with fast zero-knowledge computation proofs, ensuring high throughput for our suite of products.

  • Cost Reduction: By significantly reducing Data Availability (DA) costs, we minimize expenses and optimize transaction data posting frequency.

  • Flexibility in Development: Validium's design allows for the execution of binaries in any programming language, offering unparalleled flexibility in development compared to traditional EVM-based smart contracts.

  • Targeted Use Cases: The Arcana Network is tailored for specific developer use cases, offering solutions to solve distinct challenges within the Web3 landscape.

  • Control Over Stack: By controlling most aspects of the Validium stack, we maintain autonomy over upgrades and service extensions, eliminating dependencies on third-party providers.

Addressing Challenges via Polygon CDK

However, our journey towards decentralization initially faced its set of challenges. The network, while robust, was permissioned and centralized to a certain extent. To overcome these hurdles and transition towards a more decentralized ecosystem, we leverage Polygon CDK. Offering a modular, open-source toolkit that allows developers to build zkEVM L2 chains on Ethereum, Polygon CDK achieves:

  • Enhanced Decentralization: With Polygon CDK, we will progressively decentralize our network by onboarding more external providers and phasing out foundation nodes, fostering a more inclusive and decentralized ecosystem.

  • Native Protocol Incentives: We will integrate incentives and disincentives natively into the protocol, encouraging good behavior and discouraging malicious activities, thus ensuring the network's integrity and security.

Collaborative Solutions: Arcana and Polygon CDK

The Polygon CDK tech stack will serve as the backbone of Arcana's Validium, providing a solution that offers a full sequencer within Arcana's app-specific Validium design. This direction promises a list of advantages, including:

  • Scalability: Polygon CDK condenses transactions and enhances scalability, ensuring seamless and fluid asset transfers while maintaining EVM compatibility.

  • Modularity: With Polygon CDK's high modularity, developers can tailor L2 chains to specific requirements, maximizing blockchain efficacy for various applications.

Our move toward Polygon CDK signifies a monumental step towards a more decentralized and scalable future for Arcana Network. We are ready to unlock new realms of innovation and collaboration within the blockchain ecosystem.

About Arcana Network‍

Arcana is building a suite of products and services powered by a specialized Validium to significantly boost user experience and make your web3 journey effortless. Arcana has so far launched 3 key products since 2021. 

To begin with, Arcana launched the Auth SDK - an easy way for devs to onboard users and give them a non-custodial wallet. In other words, app users can use their email or social logins, and instantly get a secure, in-app wallet. No passwords, no seed phrases, no installations. 

Arcana's second product is Arcana Gasless, an ERC 4337-based solution that allows developers to sponsor gas fees for their users. This solution is in line with the popular trend of Account Abstraction. 

Arcana's third and popular product is SendIt, the Paypal of Crypto. With SendIt, users can send crypto to an email address thereby simplifying crypto payments and making it accessible to everyone. 

Arcana has raised 4.5Mn USD from some of the leading investors and founders in the ecosystem, such as Balaji Srinivasan, Founders of Polygon, Woodstock, Republic Crypto, Fenbushi, Digital Currency Group, and more. 


Official Links:  Website | Telegram | Twitter | GitHub | Discord

May 20, 2024
Announcements

by

Andria Efstathiou

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Copyright © Arcana Technologies Ltd. All rights reserved.

Schedule a Demo

The call is completely free and no commitment is required.

Copyright © Arcana Technologies Ltd. All rights reserved.

Schedule a Demo

The call is completely free and no commitment is required.

Schedule a Demo

The call is completely free and no commitment is required.

Schedule a Demo

The call is completely free and

no commitment is required.