Revolutionizing Web3 Payments: Building ZK-powered Pundi X Chain with Polygon CDK

Introduction

As Pundi X continues evolving and growing crypto adoption for payment acquirers and merchants within the blockchain and cryptocurrency landscape, we are committed to staying at the forefront of technological advancements that bolster our ecosystem and provide our users with the highest levels of security and interoperability. In this pursuit, we are excited to announce that we are currently using the Polygon Chain Development Kit (CDK) to develop the Pundi X Chain, our dedicated blockchain designed for on-chain payments.

The Solid Foundation of Pundi X Chain

Pundi X Chain, as a Layer 2 solution, is firmly anchored on Function X’s Layer 1, the f(x)Core, or the Hub. This strategic foundation equips us with the incredible capabilities of Cosmos, a platform renowned for its versatility, speed, and scalability. Leveraging Cosmos SDK, PBFT consensus, and IBC protocol, Pundi X Chain is poised to be an enabler to our growing user base.

Benefits of zk rollups built upon Polygon CDK

Polygon CDK is a scaling solution that utilizes zero-knowledge proofs (ZKPs) to achieve high transaction throughput and low transaction fees while also EVM equivalence.

The zkEVM component of Polygon CDK will make it feasible for Pundi X to explore several benefits to users, developers, and XPOS, including:

• Lower transaction fees: zkEVM’s ZKPs enable it to process transactions at a fraction of the cost of Ethereum mainnet. This will make it more affordable for users to deploy and use dApps on Pundi X Chain.
• Faster transaction throughput: Polygon zkEVM can process thousands of transactions per second.
• Improved security: zkEVM built upon Polygon CDK inherits the security of the Ethereum mainnet.
• XPOS mirrored transactions: Explore mirroring crypto transactions on XPOS can serve the goal of recognizing transactions across various EVM-supported chains and rewarding loyalty tokens to XPOS franchisees, merchants, and users through smart contracts.

Conclusion

Pundi X’s exploration upon Polygon CDK for Pundi X Chain underscores our commitment to innovation, security, and the seamless integration of blockchain networks.

Pundi X Chain will play a pivotal role in the world’s largest physical crypto exchange network, setting new industry standards for blockchain technology innovation, security, and user experience.

We believe that using Polygon CDK to develop the zk Layer-2 network will be a major driver of growth for the Pundi X Chain for both XPOS operators and developers since we can also offer a more scalable, secure, and cost-effective platform for deploying and running dApps.

Revolutionizing Web3 Payments: Building ZK-powered Pundi X Chain with Polygon CDK was originally published in Pundi X on Medium, where people are continuing the conversation by highlighting and responding to this story.