Astar Network introduces Astar zxEVM  

Astar zxEVM can allow cross-chain transactions between the Astar and Polygon blockchains

Ondo Finance is a real-world asset tokenisation firm
Ondo Finance is a real-world asset tokenisation firm

According to Cointelegraph, Astar Network, a blockchain firm based in Japan, launched Astar zxEVM on March 5, 2024. The launch is expected to become the first layer-2 chain to integrate into Polygon’s AggLayer. It is believed that Astar zkEVM is a zero-knowledge layer-2 chain that can allow cross-chain transactions between the Astar and Polygon blockchains.

“Our integration in the AggLayer and continuous investment in development solidifies Astar zkEVM’s position as Japan’s web3.0 authority for innovation, entertainment, and retail dApps, positioning Astar at the forefront of Japan’s web3 expansion in the enterprise, retail, and government sectors, accelerating the growth of web3.0,” Sota Watanabe, founder, Astar Network, explained.

Sources revealed that the launch of AggLayer was announced a month ago. The launch is expected to  simplify  decentralised exchange for users across chains, added Cointelegraph.

“Today is an important first step to welcome communities to a seamless multichain ecosystem. With Astar and numerous other ZK-powered chains onboarding soon, Polygon CDK and AggLayer are poised to bring internet-scale capabilities to the world of crypto,” Sandeep Nailwal, co-founder, Polygon, concluded.

(With insights from Cointelegraph)

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This article was first uploaded on March six, twenty twenty-four, at forty-seven minutes past ten in the morning.
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