Customizable summary provider Eclipse announced that the startup is releasing a scaling solution that is compatible with Solana and Polygon. Eclipse revealed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) can be easily migrated to the Polygon Sealevel Virtual Machine (SVM).
How Eclipse’s L2 Scaling Concept Hopes to Improve Blockchain Efficiency
Thursday Summary Provider Eclipse announced that the startup is collaborating with the Polygon team to launch the Polygon Sealevel Virtual Machine (SVM). Eclipse noted that Polygon SVM will add new use cases and traffic to the Polygon ecosystem. In addition, the technology will take advantage of Polygon’s security and aims to provide a faster and more efficient experience.
Eclipse works with customizable stacks, a Layer 2 (L2) scaling concept that combines a large number of transactions to validate them all at once off-chain, before sending them back onto the blockchain. The summary concepts aim to improve scalability, reduce fees, and maintain the security and decentralization benefits of the underlying blockchain network.
“Obviously Ethereum was still very slow and still very expensive, so it was very obvious that rollups were the way to scale Ethereum,” Neel Somani, Eclipse founder. explained to Techcrunch. “So we were thinking, what if we did a highly parallelized roundup, but the difference is that we stick to a standard set of tools that already exists, like Solana Virtual Machine or Ethereum Virtual Machine (EVM).”
Eclipse raised $15 million last year and is backed by Polychain, Tribe Capital, Struck Crypto, Soma Capital, Tabiya, and Galileo. The startup also receives a grant from the Solana Foundation and has worked with Celestia, Eigenlayer, and Near. Somani, a former Terra blockchain developer, worked on Terranova, a Terra-based Ethereum Virtual Machine (EVM) project before the Terra ecosystem collapsed.
What do you think of the new project that Eclipse is developing? Share your thoughts in the comments section below.
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