On May 24, Cointelegraph met with Brendan Farmer, co-founder of Polygon, to discuss the work of AggLayer, Polygon's aggregation layer. Farmer describes AggLayer as “a decentralized protocol run by staking nodes, providing security for low latency transactions and a single bridge.” 🌐
Farmer is confident that AggLayer will be implemented in Q3. It will help solve the fragmentation problem faced by Ethereum layer 2s (L2s). AggLayer will allow chains to securely share a transaction-free bridge on a layer 1 (L1) blockchain.
The main challenges in creating AggLayer are ensuring secure interoperability. But unlike other ecosystems, AggLayer does not require profit or revenue sharing to use the technology.
By 2025, AggLayer will be able to reduce costs on a much larger scale, allowing 100 million people to join decentralized finance (DeFi).