Cryptocurrency Analysis and News Portal
According to a press release provided to CryptoX, Mir’s system generates recursive zero-knowledge proofs that allow “allow many Ethereum transactions to be verified with a single tiny proof.” This will purportedly make Mir one of the fastest and most efficient layer-2 options. Zero-knowledge proofs are a cryptography technology that allows
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As cryptocurrencies continued to recover Tuesday from last weekend’s massive sell-off, Ethereum scaling solution Polygon was among the biggest gainers.MATIC, the native token of the Polygon blockchain, surged from $1.79 on Monday morning to $2.50 over the ensuing 24 hours, a nearly 40% gain. At the time of publication, the
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“Layer 2″ blockchain project Polygon’s MATIC token is up 16% in the last 24 hours after crypto exchange-traded product (ETP) issuer 21Shares announced it’s listing a product linked to the cryptocurrency’s performance on Euronext exchanges in Paris and Amsterdam.Layer 2 products work on top of primary blockchains to speed up
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Bitcoin (BTC) is witnessing a tough tussle near the $58,000 mark but that has not stopped select altcoins from hitting a new all-time high. This shows that traders are watching the fundamental developments on individual coins.One of the recent top performing major altcoins has been Avalanche (AVAX), which has soared
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Bitcoin is witnessing modest profit-booking, but the long-term trend remains
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Bitcoin’s shallow pullback increases the prospect of a new all-time
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Bitcoin has regained upside momentum following Thursday’s 2.5% drop, which saw the market nearly re-test the former resistance-turned-support near $53,000. The cryptocurrency was trading near $55,500, representing a 3% gain on the day, having printed a five-month high above $56,000 during the European hours. Source
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Polygon plans to introduce a Decentralized Autonomous Organization (DAO) for ether’s DeFi ecosystem. According to an announcement, incorporating a DAO mechanism should add 100 million more users into the network. Moreover, a $100 million fund may help bring the blockchain’s DAO concept to light. Improving DeFi’s Adoption Levels A DAO describes an ecosystem
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Already three mStable features are live and can be accessed on Polygon (Matic).mStable, the DeFi high yield protocol provider, has debuted on Polygon (formerly known as Matic), offering Polygon users another source of USD and BTC liquidity, a DeFi-native savings account and two risks minimized meta-stablecoins. This comes alongside a
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Recently layer 1 solutions like the Solana (SOL) and Cosmos (ATOM) have grown in prominence thanks to each network's faster transaction times and lower fees when compared to the Ethereum network. An even greater focus has fallen on layer 2 solutions that can help Ethereum keep up with the competition as
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