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Avail: Polygon (MATIC) presents new blockchain project



Polygon (MATIC) made headlines yesterday: The platform announced that it would like to launch "Avail". The team behind Polygon, which has built a network based on the Ethereum blockchain with their project, wants to offer primarily standalone chains, sidechains and off-chain solutions with “Avail”. “Avail” is supposed to establish a new type of blockchains. What does that mean exactly? You will find out in the article.

According to the press release, “Avail” is described in the English original as a “robust general-purpose scalable data availability layer”. This means that "Avail" is intended to represent a multi-purpose, scalable and data availability-oriented blockchain. The press release also mentioned the start of an interest-bearing investment called Pickle.Finance.

For "Avail" it was also announced that this application will primarily serve sidechains. This means that various scaling solutions can dock on Avail and access the transaction data. In this way, Avail can assign transactions in a scalable manner and check whether the stored data is available. Only then is a confirmation given for the next block.

Avail aims to become a better blockchain for many projects

Sounds complicated, it is too (a little). Ultimately, this new project means that a new type of blockchain checks the order and the stored data before confirming the consensus and thus verifying authenticity. Still sound complicated? 

According to the press release, the Polygon team has been working on "Avail" since late 2020. The project is currently in the devnet phase and a testnet is probably already in the works. The developers have to use "Avail" before Ethereum 2.0. To put it again in simpler terms: While it used to be necessary to check a block for authenticity on the blockchain, with "Avail" it will be sufficient to verify the data stored in the block.

Source: Medium/Polygon

Pickle.Finance: Interest-bearing collection of values

In another message, Polygon announced that Pickle.Finance will in future run on the Layer 2 solution and no longer on the Ethereum Mainnet as before. Furthermore, Pickle.Finance is to become a system in which users can collect their values ​​in so-called “pickle jars”, for example “jam jars” and then collectively receive interest.

This is how "Pickle Farms" should be created and all participating users will benefit from the joint staking. This allows users to generate pickle tokens from a variety of values.

Polygon with good prospects

Polygon was very successful last year. It has reported both strong price growth and increasing user numbers and has started many new projects. MATIC had reached its all-time high 2 months ago, but with this new project the future still seems promising (and despite Layer 2 competition on Ethereum).

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