Polygon: Ethereum’s Friend Is Looking To Make Big Strides

2021-11-10 04:43

In a time of many new crypto coins, platforms, and contracts, Polygon is starting to pave a way and rise to the throne of Ethereum layer 2s. Polygon, formerly known as the Matic Network, is a scaling solution that aims to provide multiple tools to improve the speed and reduce the cost and complexities of transactions on blockchain networks.

With recent headlines surrounding both Polygon and correlating Ethereum, it’s wise to get an in-depth perspective on Polygon’s market positioning for those interested in Ethereum alternatives.

           Related Reading | Why Cardano Is On A Hot Streak With 10% Gains In 1 Day  

Friend Or Foe, Polygon’s Start & How It Works With ETH…

Here is a dive in to look at the coin once known to the world as MATIC. Polygon was created in India in 2017, and was originally called the Matic Network. It was the brainchild of experienced Ethereum developers—Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.

The Matic Network went live in 2020, and has since attracted some of the top names in the world of decentralized finance, also known as DeFi, including Decentraland and MakerDAO. The Matic Network rebranded to Polygon in February 2021, and in April 2019 during it’s initial offering, the Polygon team raised the equivalent of $5.6 million in ETH with the sale of 1.9 billion MATIC tokens over a brisk 20-day period. While some coins in the same field are aiming at top dog coin Ethereum, Polygon is aiming with them to help bring a new speed and software to the world.

MATIC/POLYGON Is currently trading around $1.83 | MATIC-USD on TradingView.com

 

In recent times, many coins have been deemed “the Ethereum killer,” while Polygon is arguably helping with the blockchain champ. At the core of the network is the Polygon software development kit (SDK), used to build Ethereum-compatible decentralized applications as side-chains and connect them to its main blockchain. While Ethereum recently reached an all time high, finally breaking the $4K mark and showing skeptics that it’s here to stay, many are left asking: could this be a future effect for Polygon as DeFi grows? Polygon has added some excellent partners to its list, and given the chains supplementary nature to Ethereum, many have sought investing in both.

Once the the rebranding was done, Polygon retained its MATIC cryptocurrency ticker – the digital coin underpinning the network. MATIC is used as the unit of payment and settlement between participants who interact within the network. Polygon’s main chain is a Proof-of-Stake (PoS) sidechain, in which network participants can stake MATIC tokens to validate transactions and vote on network upgrades. This coin is showing it has strong potential, particularly for projects around DeFi that are looking for friendlier attributes relative to Ethereum (gas fees being the most notable attribute).

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polygon ethereum aims solution network matic provide

Источник: newsbtc.com

polygon ethereum → Результатов: 126


Polygon представил решение для масштабирования Ethereum на базе ZK-Rollups

Команда проекта Polygon анонсировала новое решение второго уровня для Ethereum на основе технологии ZK-Rollups и выпустила его центральный компонент — виртуальную машину, использующую протокол zk-STARKs в качестве базовой системы доказательства.

2021-11-19 18:29


Фото:

Mark Cuban Reveals Stake in Ethereum Layer 2 Scaling Solution Polygon

Famed American entrepreneur and investor Mark Cuban has divulged a strategic investment in Polygon, highlighting his own use and embrace of the protocol’s multi-chain approach to Ethereum. Investment Accompanies Release of the Polygon SDK As major names line up behind Ethereum, notably Goldman Sachs, which presented a thesis highlighting the network’s potential to overtake Bitcoin […]

2021-5-27 05:00


Марк Кьюбан инвестировал в сеть Polygon. Токен MATIC взлетел на 30% за сутки

Марк Кьюбан инвестировал в сеть Polygon (ранее Matic), решение второго уровня для блокчейна Ethereum. Она пополнила список поддерживаемых миллиардером проектов Mark Cuban Companies. 🔥 @mcuban is one of the most prolific and insightful investors with investments in top startups and he is also one of the Sharks on @ABCSharkTank.

2021-5-26 16:53


Интерес к DeFi увеличил количество пользователей Polygon на 75000

За последние семь дней ведущая платформа для масштабирования Ethereum и развития инфраструктуры Polygon привлекла 75 000 новых пользователей, что подчёркивает растущий спрос на децентрализованные приложения второго уровня.

2021-5-21 10:12


Экосистема 1inch Network расширилась на сеть Polygon

Команда агрегатора ликвидности с децентрализованных бирж 1inch развернула протокол 1inch Aggregation Protocol в сети Polygon (ранее Matic), решении второго уровня для блокчейна Ethereum. Об этом ForkLog сообщили представители проекта.

2021-5-13 18:01


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Oddz Finance Integrates With Polygon (Formerly Matic Network) To Bring Options Trading To The Masses

Multi-chain options trading platform – Oddz Finance has now integrated with Polygon (formerly Matic Network) to make DeFi accessible to all users. The DeFi craze that started in the summer of 2020 has led to a significant jump in the number of DeFi protocols being developed on the Ethereum blockchain. As more and more users […]

2021-5-12 18:47


Polygon brings layer-2 efficiency to Tokeny’s security token platform

CryptoNinjas » Polygon brings layer-2 efficiency to Tokeny’s security token platform Tokeny Solutions, a blockchain platform to compliantly issue, transfer and manage security tokens, and Polygon, a platform for Ethereum scaling and infrastructure development, today announced a new collaboration, allowing asset issuers to tokenize compliant securities in a cost-effective and scalable way.

2021-4-21 01:13


Trace Network Partners With Polygon And Infosys Consulting For Blockchain Revolution

Beyond Bitcoin, the hottest assets in the crypto markets are those that feature a robust ecosystem that supports several other essential sectors in the industry, such as DeFi or NFTs. The innovative Ethereum Layer 2 scaling solution Polygon – formerly Matic –  is among the most popular and recently partnered with Trace Networks and Infosys […]

2021-4-17 23:39


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