Raze Network is very thrilled to reach a strategic partnership with Polygon — formerly known as Matic Network.
Polygon is one of Ethereum’s leading scaling solutions that aim to prepare DeFi for mass adoption. It uses the Plasma framework with its Proof-of-Stake consensus algorithm to run transactions at a higher speed and lower cost than Ethereum.
Through this partnership, Raze team would love to leverage Polygon’s scaling solutions to improve the scalability of its RAZE token and make the best use of its low-cost ecosystem to explore yield farming and other token-related programs.
Joining hands with Polygon, Raze Network can help them enable cross-chain privacy-preserving payment and trading while protecting the transparency of user assets and behaviors from surveillance. Polygon excels in executing transactions at a high speed and low cost using its PoS consensus algorithm, and also offers modular ‘’security as a service’’, provided either by Ethereum or by a pool of professional validators. It is no coincidence that both projects perfectly align with each other in the pursuit of user protection.
Furthermore, while Polygon currently operates its network that it refers to as Matic Plasma, it will also add ZK-Rollups, Optimistic Rollups, and Validum Chains in the future to fortify its arsenal to battle the scalability issue. The Raze team would love to work with Polygon in this field researching an innovative solution that is scalable, lightning-fast, and private as well.
Justin Kellerson, CEO of Raze Network believes:
As the value and breadth of Decentralized Finance grow, the need for security and privacy will grow even more quickly. The synergies between Polygon and Raze Network are too beneficial to not come to fruition.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s scalability solutions have seen widespread adoption with 200+ Dapps, ~20M txns and ~342K unique users.
About Raze Network
Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zkSNARKs to the Zether framework to build a second-layer decentralized anonymous module. It will then be imported as a substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.