Announcing PIP-27

Today, we are introducing PIP-27: A Polygon Improvement Proposal format of EIP-7212 that enables native secp256r1 (P256) curve verification on Polygon Chains. But what does this mean exactly, and what is the rationale behind it? Let's delve into it:

EIP-7212, has been proposed for Ethereum to enable cost-effective and secure P256 curve verification. The P256 curve is widely used in web2 authentication mechanisms like webauthn, and it is also supported in modern devices' Hardware Security Modules (e.g. Secure enclave)

However, why are we proposing this specifically for L2's, particularly Polygon? We believe that L2's should be as the innovation hub for Ethereum. We have seen two proposals on Polygon, PIP-22 and PIP-15, which introduce two new core changes not yet implemented on Ethereum. Based on the on-chain data, it is evident that Polygon is currently leading in terms of 4337 adoption. This PIP has the potential to empower various wallets and products to develop innovative applications

If you're interested in contributing to or discussing the proposal, we highly recommend you visit the forum discussion.