Palm Network to rollout Polygon-based Supernets chain next week

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Palm Network announced an expansion of its existing Layer 1 blockchain to a proof-of-stake sidechain within the Polygon ecosystem.

The transition involves using the Polygon Supernets software stack.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Palm Network has announced its plan to release a proof-of-stake sidechain within the Polygon ecosystem using the Supernets software stack while maintaining its existing Layer 1 blockchain. The launch of the Supernets chain is set for next week.

The expansion to Polygon is planned in two stages, Palm Foundation said. During the initial phase, Palm Network aims to implement a proof-of-stake sidechain by Aug 1. Following this, the next phase will see the network migrate to a Layer 2 chain — also based on Supernets — that will utilize zero-knowledge rollups, slated for the subsequent year.

This strategic shift — done in collaboration with Polygon Labs — is rooted in the network’s objective to tackle scalability issues and more effectively cater to its user demographic in the creators and gaming niches, the Palm Foundation said.Supernets, previously Polygon Edge, is a Polygon platform that lets teams create their blockchain networks using a software development kit.

 

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