Gamprin-Bendern, Liechtenstein, April 25, 2024 (GLOBE NEWSWIRE) – The realm of Web3 is unequivocally embracing cross-chain dynamics, with protocols and communities expanding across varied ecosystems and strata. Acknowledging the pivotal significance of cross-chain governance in this dynamic landscape, Q Development AG, a firm based in Liechtenstein that bolsters the Q Protocol, is excited to unveil the implementation of Hyperlane on Q.
Established in 2022, Hyperlane stands out as the premier permissionless interoperability framework tailored for the modular blockchain stack. With the backing of prominent crypto investors, Hyperlane is reshaping cross-chain connectivity paradigms. The deployment of the company’s messaging bridge on Q now enables seamless interoperability across Hyperlane’s extensive network encompassing over 50 ecosystems and blockchain networks.
The initial blockchain seamlessly integrated is Polygon PoS, a globally utilized protocol boasting tens of thousands of dApps, over 3 million average daily transactions, $5 billion in secured assets, and a roster of top-tier brands engaged in its ecosystem.
This collaboration signifies a significant milestone for Q in establishing a foundational governance layer for Web3.
Empowering cross-chain governance on Q with Hyperlane
Hyperlane functions as an interoperability framework within the modular blockchain stack, operating as an Arbitrary Messaging Bridge (AMB) that facilitates the smooth transmission of interchain messages across numerous chains within the Web3 sphere.
Q introduces a pioneering key element for Web3: Shared Governance Security. Projects leveraging Q’s governance opt-in functionalities can fortify crucial governance decisions, ushering in a fresh design realm for developers, bolstering project security, and fostering genuine decentralization.
Previously, Q’s governance attributes were exclusively accessible to projects developed natively on Q. Embracing the modular blockchain concept, integrating cross-chain governance capabilities represents a crucial advancement on Q’s development roadmap. The objective is to enable all projects to leverage Q’s governance security features, irrespective of the blockchain they operate on.
The deployment and integration with Hyperlane represent a pivotal stride towards actualizing this vision. Nicolas Biagosch, co-initiator of the Q Protocol, emphasizes, “Enabling cross-chain governance on Q is transformative. Our aim is to enhance the value proposition for the entire Web3 ecosystem, and the pathway to achieving this goal involves extending Q’s governance security to all Web3 projects—regardless of their blockchain foundation.”
Jon Kol, Founder of Hyperlane, remarks, “Cross-chain governance poses a significant hurdle for projects operating across multiple blockchains. By implementing the Hyperlane interoperability framework, Q can now extend its potent governance capabilities to any blockchain linked to the Hyperlane network, commencing with Polygon PoS. The beauty lies in Hyperlane’s permissionless structure, enabling Q to seamlessly integrate and host this solution independently. This exemplifies the potential that builders can unlock with truly open, permissionless interoperability tools.”
About Q Development AG
Q stands as an innovative blockchain protocol serving as a fundamental governance layer in Web 3.
It amalgamates the advantages of a public, open, and decentralized ledger with the transparency and predictability of enforceable private contracts, thereby facilitating adoption across a diverse array of use cases that prioritize decentralization while necessitating scalability and reliability.
Q Development AG, headquartered in Gamprin-Bendern, Liechtenstein, is a private entity dedicated to advancing the Q protocol and nurturing the Q ecosystem. For further insights on Q, please visit: Q Website
About Hyperlane
Hyperlane represents the permissionless interoperability framework linking the modular ecosystem. Through Hyperlane, any blockchain, rollup, appchain, on any VM can be interconnected. Moreover, Hyperlane’s modular security stack empowers developers to tailor their interchain security according to their requirements. To delve deeper into Hyperlane, visit: Hyperlane Website
About Polygon Labs:
Polygon Labs is a software development entity specializing in constructing and enhancing an aggregated blockchain network that offers cross-chain interoperability via the Aggregation Layer, a decentralized protocol on Ethereum harmonizing user bases and liquidity across all connected chains. Polygon Labs has also contributed significantly to the core development of several widely-adopted scaling protocols, including Polygon PoS, Polygon CDK, and Polygon zkEVM, alongside the ongoing development of Polygon Miden.
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