Gnosis Safe launches on EVM-compatible community Polygon

by blockchainnews

Singapore, Singapore, 13th July, 2021,

Gnosis Safe, a platform for managing digital belongings on Ethereum, today launches on the EVM-compatible community Polygon. The launch brings Polygon’s low transaction prices and environment friendly throughput to Gnosis Safe’s safe, customizable multisig interface for a Layer 2 answer prioritizing composable interoperability.

For the primary time, a collection of Polygon apps is aggregated within the Safe App interface, making it straightforward to entry the community’s quickly rising app ecosystem. Polygon Safe Apps are helpful for customers and dapps, as they permit discovery of some ways to make use of Polygon with the only, safe entry level of Safe’s smart-contract multisig. They additionally present a possibility for builders to construct with each Safe and Polygon, as each are utterly open-source and any dapp can convert to a Safe app with just a few lines of code

“Bringing Gnosis Safe to Polygon creates a portal between the Safe App ecosystem and one of the most robust L2 networks emerging right now,” says Gnosis CTO Stefan George. “We’re excited to see how this partnership expands the functionality of both, enabling use cases that are not inclusive or possible on mainnet due to the efficient speed and cost of operating on Polygon with the security and extensibility of Gnosis Safe.”

Features of Gnosis Safe on Polygon Network

Gnosis Safe

  • Supports ETH, ERC-20 tokens and ERC-721 collectibles
  • Customizable permissions, like Spending Limits, solves entry/management problems with EOA accounts
  • Extremely safe atmosphere trusted to carry >$18billion in ETH and ERC-20s
  • Gasless signatures
  • Safe App interface brings dapps on to entry from inside multisig

Polygon 

  • Cheap transaction prices
  • High, fast throughput 
  • Ecosystem with many native apps, and Polygon implementations of apps originating on different chains, regularly rising in choices
  • Native functionalities like NFT minting

Benefits to customers

  • Access to ecosystem of Polygon Safe apps from inside one interface
  • DAOs, initiatives, groups and people can shield towards key loss and collectively maintain funds with Gnosis Safe’s multisig infrastructure

About Gnosis:
Gnosis builds new market mechanisms for decentralized finance. Our interoperable product traces help you securely create, commerce, and maintain digital belongings on Ethereum. Gnosis was based in 2015 by Martin Köppelmann and Stefan George.  With a worldwide group of greater than 60 staff, Gnosis is predicated in Gibraltar and has a growth hub in Berlin on the Full Node co-working area.

Connect with Gnosis: Website, Discord, Twitter, Gnosis Forum

Polygon is the primary well-structured, easy-to-use platform for Ethereum scaling and infrastructure growth. Its core element is Polygon SDK, a modular, versatile framework that helps constructing and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium and so on and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling options have seen widespread adoption with 350+ Dapps, ~128M txns and ~1M+ distinctive customers.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s quick and safe txns to your Dapp, get began here.

Website | Twitter | Reddit | Discord | Telegram | Community Twitter

Contacts
  • Press
  • Info@Marketacross.com

Leave a Comment