Scalability has been one of many huge themes OVR has been exploring since its inception. As talked about within the former articles, we’ve been carefully following all the accessible options, and the crew lastly determined to transfer to Polygon.
Why has OVR chosen Polygon?
However why Polygon, chances are you’ll ask? The blockchain scalability panorama is huge and shortly evolving; selecting one answer over one other just isn’t a easy process, nevertheless it’s a multidimensional downside with many variables and forecasts to digest.
OVR approached this resolution transferring from the next ideas:
- Transaction prices;
- Decentralization trade-offs and mission imaginative and prescient;
- Present adoption;
- Neighborhood to the Ethereum ecosystem and EVM compatibility.
Recently, OVR has been exploring the chance to transfer to Optimistic or ZK Rollups to reduce decentralization trade-offs. But, each options didn’t show sufficient adoption, scalability, or lacked (ZK Rollups) EVM compatibility.
On the opposite facet, Polygon could be very near the Ethereum ecosystem, shares the identical values, and has large scalability and adoption. Presently, there are extra lively addresses on Polygon than Ethereum.
Thus, not solely Polygon presents the scalability that we have to make NFT minting and switch low cost sufficient to be a negligible price for our common transaction sizes, however its adoption and closeness to Ethereum vastly reduces the chance of ending up in a “ghost chain.” Community results and Metcalfe’s Legislation are crucial in blockchain; irrespective of how good your mission is, ending up within the incorrect chain and ecosystem will jeopardize adoption and development.
We consider that as promoters of such an formidable mission as the inspiration for the AR Metaverse, we have to keep away from platform dangers as a lot as we are able to. No one can predict the long run, but Polygon’s present adoption and market sentiment is a really robust indicator of the way it will stand the take a look at of time.
What about decentralization?
Is Polygon not as decentralized as a rollup, proper? Properly… Sure and no… Whereas it’s true that Polygon just isn’t a rollup, stating that it’s much less decentralized than the precise rollups on the market it’s not essentially appropriate.
In its present configuration, Polygon may be categorized as a Commit Chain, and its safety mannequin is very reliant on the Ethereum infrastructure. Please check with the next movies for an in-depth clarification of how Polygon consensus presently works:
And that’s not all; Polygon is agnostic about one of the best L2 answer: Commit Chains, ZK Rollups, and Optimistic Rollups take completely different trade-offs of their path to scalability. The thought is that there’s not a single answer that may match all of the completely different wants of different blockchain tasks. A Defi Protocol, for instance, has very completely different decentralization and scalability wants when in comparison with an NFT sport.
Due to that, Polygon, in its present configuration, has beneath its umbrella each the Commit Chain and Hermes ZK rollup, and it’s really constructing three extra ZK Rollup chains that may serve different needs.
OVR will begin migrating its infrastructure to Polygon in January with the switch of the OVRLand possession layer.
Migration will occur in 2 phases:
Within the first one, we are going to create a bridge for minted NFTs from Ethereum and Polygon, and all new minting will happen by default on Polygon. UX won’t change; for the first market, will probably be potential to purchase from Ethereum, BSC, and Polygon with OVR tokens. Merkle Proof primarily based Secondary Market will stay in place unaltered.
Within the second part – February -, all the OVRLands saved as Merkle Proofs on Ethereum might be minted to the proprietor’s wallets on Polygon. Over 10k completely different wallets that personal greater than half one million OVRLands. That may allow totally decentralized possession of OVRLands and public scrutiny on the large scale of minted lands and the house owners’ neighborhood. Mild minting operate will disappear, all the bought OVRLands might be instantly minted as NFTs on Polygon.
The secondary market might be rebuilt from scratch in a totally decentralized style; exchanges between customers might be solely intermediated by sensible contracts.
Homeowners of OVRLands already minted as NFTs on the Ethereum blockchain will be capable to switch these to Polygon, OVR will refund the fuel prices for the transfers with OVR tokens on Polygon.
And that’s not all… Low fuel prices will allow a number of options that had been unimaginable on Ethereum’s mainnet. Renting sensible contracts might be deployed, permitting for the monetization of helpful OVRLands. Because of low-cost NFT minting, Avatars, OVRMaps, and 3D objects will all change into cross-metaverse belongings powered by WEB3!