HomeEtherumEthereum Welcomes Avail's Data Attestation Bridge, Spun Out of Polygon

Ethereum Welcomes Avail’s Data Attestation Bridge, Spun Out of Polygon

Published on

Avail, a project spun out of Polygon earlier this year to handle data storage and verification for blockchains, launched its “data attestation bridge” on Friday, a new offering designed to reduce costs for layer 2 and layer 3 chains in the Ethereum ecosystem.

Storing data on Ethereum can be expensive, so Avail aims to be a solution for layer 2s and 3s to publish data off-chain, to reduce the high transaction fees that often come from posting data on the main Ethereum blockchain. The idea is to spare the main Ethereum blockchain from getting congested with anything besides execution and settlement activities.

The challenge of handling the data and setting up separate networks for data storage is known as the ”data availability problem,” or DA – an arena that includes developing cryptographic systems to prove that the data exists (i.e. that it’s available) and that it’s right.

“The data attestation bridge establishes a direct connection between the L2 rollup’s data and the L1 via Avail’s off-chain data availability layer,” Avail said in a press release.

The bridge is one component of what Avail will offer in the layer 2 ecosystem. In the longer term, Avail wants rollups to launch entirely on top of its network. These networks could include so-called validiums, which are Ethereum scaling solutions that store transaction data off-chain.

“When an L3 or a validium sends the transaction data to Avail, the data attestation bridge provides the attestation on Ethereum,” Anurag Arjun, the founder of Avail, told CoinDesk. This then proves to Ethereum that “whatever data was submitted by the rollup to Avail is actually available.”

Edited by Bradley Keoun.

https://www.coindesk.com/tech/2023/07/07/avail-launches-data-attestation-bridge-to-ethereum/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Latest articles

Analyst Suggests Ethereum Price Could Surge to $3,100 with Bullish Momentum

Ethereum (ETH), the second-largest cryptocurrency, has seen a significant price increase over the past...

Cboe Digital Announces Plan to Introduce Margin Futures Trading for Bitcoin and Ethereum by 2024

On Nov. 13, Cboe Digital announced that it will soon launch trading and clearing...

Top Trader Predicts Significant Price Increases for Sushi and Apecoin – Check Out His Projections

A crypto strategist says more rallies are up ahead for prominent decentralized exchange (DEX)...

What is the difference between NVMe and M.2?

`` Over the last decade, solid-state drives (SSDs) have become the top choice for many...

More like this

Analyst Suggests Ethereum Price Could Surge to $3,100 with Bullish Momentum

Ethereum (ETH), the second-largest cryptocurrency, has seen a significant price increase over the past...

Cboe Digital Announces Plan to Introduce Margin Futures Trading for Bitcoin and Ethereum by 2024

On Nov. 13, Cboe Digital announced that it will soon launch trading and clearing...

Top Trader Predicts Significant Price Increases for Sushi and Apecoin – Check Out His Projections

A crypto strategist says more rallies are up ahead for prominent decentralized exchange (DEX)...
bitcoin
Bitcoin (BTC) $ 61,994.61 0.86%
ethereum
Ethereum (ETH) $ 3,411.03 0.67%
tether
Tether (USDT) $ 1.00 0.08%
bnb
BNB (BNB) $ 409.55 0.45%
solana
Solana (SOL) $ 128.97 1.46%
xrp
XRP (XRP) $ 0.636493 6.13%
staked-ether
Lido Staked Ether (STETH) $ 3,405.71 0.56%
usd-coin
USDC (USDC) $ 1.00 0.04%
cardano
Cardano (ADA) $ 0.734903 5.38%
dogecoin
Dogecoin (DOGE) $ 0.142566 0.45%