Polygon Labs has started work on an expansion intended to include all blockchains and applications running on the Polygon network, and seeks to democratize the upgrade process and encourage community participation.
On July 19, the company’s developers proposed revamping the governance mechanism for the forthcoming Polygon 2.0 roadmap to establish several layer 2s on the network.Crypto industry advocacy bodies have slammed a newly proposed U.S. Senate bill for what they say is a confused approach to regulating the DeFi sector.
On July 20, crypto think tank Coin Center and crypto advocacy group the Blockchain Association released separate statements describing the legislation as a “messy,” “unworkable” and “unconstitutional” way of regulating DeFi.The development firm behind the Chainlink protocol and its nativetoken has gone live with its cross-chain protocol aimed at providing interoperability between traditional financial firms, and public and private blockchains.
In a July 17 post on the Chainlink blog, Chainlink Labs chief product officer Kemal El Moujahid announced that its cross-chain interoperability protocol has launched under early access on Ethereum, Avalanche, Polygon, Arbitrum and Optimism.
Symbiosis said in a statement that Linea is a developer-ready zkEVM rollup, which means it is Ethereum-compatible and thus lets developers reuse a lot of existing infrastructure for creating multi-asset solutions. Linea comprises 100+ protocols, developer tools and decentralized applications, making it a potentially helpful scaling tool for developers in the Ethereum ecosystem.
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