VENT launches on Polygon to bring scalability to dApp.
VENT is launching their IDO Launchpad on Polygon in an exciting development that will provide dApps that launch on their platform with scalability, modular security solutions, compatibility with Ethereum tools, and, ultimately, a Polygon to Cardano bridge.
Developing dApps has never been easier. There are numerous open-source platforms and solutions for launching well-defined projects. However, scalability remains a bottleneck, particularly for applications built on top of Ethereum’s blockchain (arguably the most popular platform for dApp development). Granted, Ethereum runs faster than other proof-of-work blockchains such as Bitcoin, and it can deploy smart contracts, which enable all sorts of programmable possibilities. Although, the drawback of Ethereum is that whenever the network congests due to increased traffic on account of some hype around a dApp, gas fees tend to skyrocket and the network slows down considerably.
But what if there was a way to solve Ethereum’s scalability issue while also allowing dApps on its network to connect to other networks, thereby mitigating Ethereum’s limitations?
Well, this is what Polygon is all about.
Why VENT chose Polygon, the Ethereum scaling solution
Polygon’s scalability solution solves the congestion and high gas fees Ethereum and other blockchains currently face by deploying dedicated side chains to reduce the workload on the main Ethereum network.
Modular security is also an enticing feature enabled by Polygon. It functions through Polygons’ fully customizable tech stack that can be used by anyone in the community to build or upgrade an application.
Compared to Ethereum’s throughput of 15 transactions per second (TPS), Polygon’s side chains offer a throughput of 65,000 TPS and 2 second blockchain confirmation periods.
Therefore, dApps that connect to Polygon can scale performance not to mention improve developer experience thanks to a permissionless design and the modular security solutions on Polygon.
Essentially, Polygon’s cutting-edge solutions and network will allow the Vent community to participate frictionlessly from all corners of the world.
The VENT Polygon to Cardano bridge
Polygon has greatly contributed to the dApp movement and will continue to be an asset for developers looking to launch agile and secure applications on the blockchain.
VENT move to launch on Polygon will help dApp developers on the VENT ecosystem to create scalable applications ready for mass adoption. Eventually, VENT plans to migrate to the Cardano blockchain upon the rollout of the Alonzo smart-contract mainnet released by the end of Q3 2021.
This is where the partnership between Polygon and VENT comes into play.
Vent Finance, in collaboration with the Polygon team, will construct the first Polygon-Cardano bridge. When smart contracts are operational, the bridge will be able to provide cross-chain liquidity to the Polygon and Cardano ecosystems.
We believe that establishing interoperability between the two most efficient and scalable ecosystems and the strongest communities surrounding them will ensure the best kickstart for upcoming projects. This will provide our project creators with the necessary tools to create high-quality product offerings for their respective communities.
Simplicity is one of VENT’s defining characteristics, so we don’t intend to launch projects and then abandon them, but rather to ensure that they are well-positioned for success in every aspect of their endeavour. We will use the bridge to support projects– including ours– in their transition phase to the Cardano blockchain.
“Launching on Polygon will allow the VENT community to leverage its highly scalable and efficient infrastructure, providing us with the best solution until our migration to Cardano. We’re really excited about the development of the Polygon to Cardano bridge, a cross-chain liquidity bridge that will essentially support VENT in our objective of supercharging the Cardano ecosystem.”
— Alexander Kunzmann, Co-founder & CEO of Vent Finance
“We’re pleased to have the VENT Ecosystem on Polygon, allowing Dapps in the ecosystem to utilize Polygon’s high speeds and low txn costs to provide superior user experiences for their communities.”
— Sandeep Nailwal, Co-founder, Polygon
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 450+ Dapps, ~350M txns, and ~13.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
About VENT
VENT turns ideas into successful growth journeys. It’s where founders share innovative blockchain projects with the communities that will join forces to fund them.
VENT is empowering startups and retail participants with technology that supports sustainable growth. We work to make decentralized funding simple and accessible as we believe in financial inclusion and an economy where innovation can benefit society as a whole.
Combining simplicity, security, and transparency, we are determined to reset the world’s expectations of what a decentralized launchpad is and help evolve the reputation and maturity of the DeFi space and crypto ecosystem.
