What is Happening?
Ankr and Polygon are together boosting the underlying web3 infrastructure for web3 developers by allowing developers to build modular blockchain applications on Polygon Supernets.
Polygon Supernets is an EVM-compatible modular blockchain stack that enables developers to have a custom decentralized modular network without maintaining the underlying blockchain infrastructure.
Ankr is Supernets's approved infrastructure provider, which allows developers to build validator sets for the blockchain application. The infrastructure provides an end-to-end engineering solution for developers with cybersecurity, scalability, and compostability features enabled, allowing developers to build scalable blockchain applications.
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What is Ankr?
Ankr has built out the largest global node network in the industry, creating the foundation for the future of Web3. It currently serves around 250 billion blockchain requests a month across 30 different chains and runs RPC services for 18 blockchain partners, making it the largest RPC provider in the industry. Ankr also offers a suite of developer tools, including the Liquid Staking SDK, Web3 Gaming SDK, and App Chains As a Service, that empower dApp developers to build Web3 apps quickly and easily.
Understanding Why Polygon Supernets Matters for Web3 Developers
As per Polygon, while many DLT solutions provide pre-built blockchain networks, doing so is not a simple process and inevitably raises cybersecurity and privacy concerns for companies sourcing such solutions without appropriate due diligence.
The blockchain industry has seen multiple significant exploits on dedicated or application-specific networks, and it's possible that developers aren't prepared to deal with such shortcomings. Even in the best-case scenario, addressing these issues takes time and energy away from the tech team's primary product and objectives.
Image via Polygon
There are many nuances and complexities involved in token rewards, inflation, and other aspects necessary for any Proof of Stake implementation to be secure, sustainable, and reliable, which presents a challenge for projects that want to use their native token to secure their dedicated blockchain-based network.
This diverts the attention of the project's creators away from designing the token with the application's incentive and adoption in mind and uses up a large portion of the token supply that could have been put toward the creation and promotion of the application or project. Supernet approaches this problem in a novel way as it provides dedicated web3 hosting for specific applications allowing developers to build modular solutions for blockchain applications with underlying consensus and framework flexibility.
Understanding the Technology Under the Hood: Supernets
Supernets are blockchain networks with a number of crucial characteristics that lessen the aforementioned difficulties and facilitate widespread adoption of Polygon and blockchain technology in general.
Each Supernet is custom-made and deployed for a unique task.
This service allows projects to bypass the hassle of bootstrapping a validator network and gain immediate access to a distributed, dependable Proof of Stake validator set.
No additional work is required from application/project teams to incentivize and sustain Polygon validators because they stake MATIC and receive rewards in MATIC. By using this service, projects can reap the security benefits of Proof of Stake without diverting precious time and energy from developing their core offering.
As per Polygon, Supernet is dynamic enough to make structural adjustments whenever necessary. For instance, an initial Supernet implementation can be a sovereign Proof of Authority network, which could evolve into a Proof of Stake network and even a full-fledged Layer 2 network.
Layer 2 solutions have the same easy upgradeability available for Proof of Authority solutions in Polygon. When building the underlying blockchain, this level of dynamic development and modular design provides an edge to developers as they can focus on things that matter instead of trying to rebuild the system from the ground up.
Final Thoughts on Ankr and Polygon Supernets Solution for Developers
In my opinion, building modular blockchain solutions that provide developers with the flexibility to build dynamic underlying blockchain networks assists developers in focusing on the development of their core offering instead of figuring out how to develop and design the tokenomics and consensus mechanism for the blockchain. This helps developers to save crucial time for developers as they are able to allocate resources to the core offering of the blockchain startup.
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Lead Image credits: GuerrillaBuzz Blockchain PR Agency on Unsplash