{"posts":[{"id":17603,"title":"OVR to Use Polygon Layer to Solve Scalability Issue of Ethereum","excerpt":"The migration started in January Scalability has been one of the big themes OVR has been exploring since its inception. As mentioned in the official company blog OVR has been closely following all of the available solutions, and finally decided to move to Polygon. \u00a0 Why has OVR chosen Polygon? But why Polygon, you may [&hellip;]","content":"<p><i>The migration started in January<\/i><\/p>\n<p><span style=\"font-weight: 400\">Scalability has been one of the big themes <\/span><span style=\"font-weight: 400\">OVR<\/span><span style=\"font-weight: 400\"> has been exploring since its inception. As mentioned in the official company blog OVR has been closely following all of the available solutions, and finally decided to <\/span><b>move to Polygon.<\/b><\/p>\n<p>\u00a0<\/p>\n<h2><strong>Why has OVR chosen Polygon?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">But why Polygon, you may ask? The blockchain scalability landscape is vast and quickly evolving; choosing one solution over another is not a simple task, but it\u2019s a multidimensional problem with many variables and forecasts to digest.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At <\/span><a href=\"https:\/\/en.cryptonomist.ch\/2021\/11\/05\/ovr-upgrades-its-token-economics\/\"><span style=\"font-weight: 400\">OVR<\/span><\/a><span style=\"font-weight: 400\"> the decision was taken moving from the following first principles:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Transaction costs;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Decentralization trade-offs and project vision;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Current adoption;<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Vicinity to the Ethereum ecosystem and EVM compatibility.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Lately, OVR\u00a0 has been exploring the opportunity to move to Optimistic or ZK Rollups to minimize decentralization trade-offs. Yet, both solutions did not demonstrate enough adoption, scalability, or lacked (ZK Rollups) EVM compatibility.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On the other side, <\/span><b>Polygon is very close to the Ethereum ecosystem,<\/b><span style=\"font-weight: 400\"> shares the same values, and has massive scalability and adoption.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Currently, there are more active addresses on Polygon than Ethereum.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Thus, not only <\/span><a href=\"https:\/\/en.cryptonomist.ch\/2021\/12\/23\/uniswap-v3-chooses-blockchain-polygon\/\"><span style=\"font-weight: 400\">Polygon<\/span><\/a><span style=\"font-weight: 400\"> offers the scalability that OVR needs to make NFT minting and transfer cheap enough to be a negligible cost for our average transaction sizes, but its adoption and closeness to Ethereum dramatically reduces the risk of ending up in a \u00abghost chain.\u00bb\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Network effects and <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Metcalfe%27s_law\"><span style=\"font-weight: 400\">Metcalfe\u2019s Law<\/span><\/a><span style=\"font-weight: 400\"> are critical in blockchain, no matter how good your project is, ending up in the wrong chain and ecosystem will jeopardize adoption and growth.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">OVR believes that as promoters of such an ambitious project as the foundation for the <\/span><b>AR Metaverse,<\/b><span style=\"font-weight: 400\">\u00a0 avoiding platform risks as much as possible.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nobody can predict the future, yet Polygon\u2019s current adoption and market sentiment is a very strong indicator of how it will stand to the test of time.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2><strong>But what about decentralization?\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Is Polygon not as decentralized as a rollup, right? Well\u2026 Yes and no\u2026\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">While it\u2019s true that <\/span><b>Polygon is not a rollup, stating that it\u2019s less decentralized<\/b><span style=\"font-weight: 400\"> than the actual rollups out there it\u2019s not necessarily correct.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In its current configuration, <\/span><b>Polygon can be categorised as a Commit Chain,<\/b><span style=\"font-weight: 400\"> and its security model is highly reliant on the Ethereum infrastructure. Please refer to the following videos for an in-depth explanation of how Polygon consensus currently works:<\/span><\/p>\n<p><a href=\"https:\/\/youtu.be\/f7F67ZP9fsE\"><span style=\"font-weight: 400\">https:\/\/youtu.be\/f7F67ZP9fsE<\/span><\/a><\/p>\n<p><a href=\"https:\/\/youtu.be\/IijtdpAtOt0\"><span style=\"font-weight: 400\">https:\/\/youtu.be\/IijtdpAtOt0<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">And that\u2019s not all; Polygon<\/span><b> is agnostic about the best L2 solution:<\/b><span style=\"font-weight: 400\"> Commit Chains, ZK Rollups, and Optimistic Rollups take different trade-offs in their path to scalability. The idea is that there is not a single solution that can fit all the diverse needs of other blockchain projects. A Defi Protocol, for example, has very different decentralization and scalability needs if compared to an NFT game.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Because of that, Polygon, in its current configuration, has under its umbrella both the Commit Chain and Hermes ZK rollup, and it\u2019s actually building three more ZK Rollup chains that will serve <\/span><a href=\"https:\/\/youtu.be\/Tb5ExY8h4Lg\"><span style=\"font-weight: 400\">different needs<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p>\u00a0<\/p>\n<h2><strong>When Polygon?<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">OVR will start migrating its infrastructure to Polygon in <\/span><b>January<\/b><span style=\"font-weight: 400\"> with the transfer of the OVRLand ownership layer.<\/span><\/p>\n<p><strong>Migration will happen in 2 phases:<\/strong><\/p>\n<p><span style=\"font-weight: 400\">In the<\/span><b> first one,<\/b><span style=\"font-weight: 400\"> all new minting will occur by default on Polygon. UX will not change; for the primary market, it will be possible to buy from Ethereum, BSC, and Polygon with OVR tokens. Merkle Proof based Secondary Market will remain in place unaltered.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the <\/span><b>second phase<\/b><span style=\"font-weight: 400\"> \u2013 February -, all of the OVRLands saved as Merkle Proofs on Ethereum will be minted to the owner\u2019s wallets on Polygon. Over 24k different wallets that own more 700k OVRLands. That will enable fully decentralized ownership of OVRLands and public scrutiny on the massive scale of minted lands and the owners community. Light minting function will disappear, all of the purchased OVRLands will be directly minted as NFTs on Polygon.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The secondary market will be rebuilt from scratch in a fully decentralized fashion; exchanges between users will be exclusively intermediated by smart contracts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Owners of OVRLands already minted as NFTs on the Ethereum blockchain will be able to transfer those to Polygon, OVR will refund the gas costs for the transfers with OVR tokens on Polygon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">And that\u2019s not all\u2026 Low gas costs will enable multiple features that were impossible on Ethereum\u2019s mainnet. Renting smart contracts will be deployed, allowing for the monetization of valuable OVRLands. Thanks to low-cost NFT minting, Avatars, OVRMaps, and 3D objects will all become cross-metaverse assets powered by WEB3.<\/span><\/p>\n","permalink":"ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum-2","date":"2022-01-25 00:00:00","image_small":"https:\/\/blog.ovr.ai\/wp-content\/uploads\/2024\/02\/polygon-1-150x150.jpeg","image_medium":"https:\/\/blog.ovr.ai\/wp-content\/uploads\/2024\/02\/polygon-1-300x169.jpeg","image_large":"https:\/\/blog.ovr.ai\/wp-content\/uploads\/2024\/02\/polygon-1-1024x576.jpeg","image_full":"https:\/\/blog.ovr.ai\/wp-content\/uploads\/2024\/02\/polygon-1.jpeg","single_url":"https:\/\/blog.ovr.ai\/es\/ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum-2\/","translations":{"en":{"single_url":"https:\/\/blog.ovr.ai\/ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum\/","permalink":"ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum"},"fr":{"single_url":"https:\/\/blog.ovr.ai\/fr\/over-utilisera-la-layer-polygon-pour-resoudre-le-probleme-de-scalabilite-dethereum\/","permalink":"over-utilisera-la-layer-polygon-pour-resoudre-le-probleme-de-scalabilite-dethereum"},"es":{"single_url":"https:\/\/blog.ovr.ai\/es\/ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum-2\/","permalink":"ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum-2"},"tr":{"single_url":"https:\/\/blog.ovr.ai\/tr\/ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum-3\/","permalink":"ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum-3"},"zh":{"single_url":"https:\/\/blog.ovr.ai\/zh\/ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum-4\/","permalink":"ovr-to-use-polygon-layer-to-solve-scalability-issue-of-ethereum-4"}}}]}