Golem Offers Bounties For a New Polygon Payment Driver
- Golem said that using external developers to build a Polygon-powered payment driver will be beneficial to the company.
- The bounties will be distributed after the Golem mainnet launch.
Shutterstock
In a post published on 23 February, the Golem Project said it will soon be announcing dedicated bounties for the creation of new payment drivers utilizing Polygon. There are currently two payment drivers on the new Golem network — regular ERC20 token payments through Ethereum, and off-chain zkSync payments implemented in the Alpha III, the latest version of the network.
All of these payment drivers require on-chain Layer 1 transactions to take payments off-chain, a process that’s neither cheap nor effective.
To find a realistic long-term solution for onboarding off-chain transactions that aren’t reliant on a manual process, the network partnered with Polygon. According to Golem’s post, Polygon will be able to provide Golem users with a different set of trade-offs that will benefit its users.
Golem plans to achieve this goal by offering rewards and bounties to developers to build this integration. The company said the main benefit of having external developers implement this payment driver is they will get to observe how others handle the modularity of Yagna, the mainnet implementation of Golem.
“This feedback will be important for us so we can get an outside perspective and improve on making Golem an even more flexible platform,” the company said.
The hackathon will begin shortly after the official mainnet release of Yagna, but the company didn’t specify a launch date.
Rebranded earlier this month, Polygol was previously known as the Matic Network. Since its inception in 2017, Matic implemented Matic Plasma Chains, a production-ready Ethereum Layer 2, and the Matic PoS Chain, a permissionless, EVM-compatible Ethereum side chain. The company processed around 7 million transactions in the past four years and onboarded over 80 decentralized applications.
The Ethereum scaling and infrastructure development platform will continue collaborating with Golem in addition to the payment driver. The two are engaged in conversations to see how to utilize Polygon to improve onboarding and fees on the Golem platform.
- The number of merchants and businesses accepting digital assets is increasing steadily, and here are some examples of where digital assets can be used.
- Using crypto for payments can differ slightly from fiat systems, but getting started is not too difficult, therefore learning how to handle digital assets is essential in 2023.
Shutterstock
- DeFi lending protocol Euler Finance has given the exploiter 24 hours to return 90% of the $197 million he stole in a flash-loan attack on Monday.
- If the funds were not returned in time, the protocol is ready to post a $1 million bounty on any information that could lead to the arrest of the attacker.
- Thanks to the emergence of cryptocurrencies and technologies such as blockchain, gambling enthusiasts now have access to a new breed of games: provably fair crypto games.
- Such games leverage blockchain technology and use encryption standards to reassure users that their chances of winning are accurately determined without outside influence.