Cryptocurrency Analysis and News Portal
Built with an emphasis on simplicity and ease of use, Polygon (previously Matic) is designed to let organizations and businesses create and deploy their own decentralized applications (dApps). The platform serves as a layer-2 scaling solution that addresses the scalability and rising gas costs of Ethereum and other EMV-compatible networks.
Read More
Polygon prices look poised to rise by at least 30% in the wake of a key Jan. 18 upgrade that would push a considerable portion of its native MATIC token out of circulation.Dubbed EIP-1559, the improvement proposal originally came to light as part of Ethereum's so-called London Hard Fork upgrade on
Read More
As Ethereum gas prices rise, the chain that inspired Web3 is becoming gentrified, with high transaction costs pushing less wealthy users onto competing blockchains or scaling solutions. This means that many use cases are becoming unfeasible in the proverbial layer-one downtown, and suburban neighborhoods are being developed to allow for
Read More
A simple transaction on Polygon currently costs roughly 500 gwei, or $0.50, up from fractions of a cent. Additionally, the number of active addresses on Polygon’s Proof of Stake chain has spiked 60% in a single week, with over 200,000 accounts transacting on the chain. Current speculation is that many
Read More
According to a dashboard on Dune Analytics, Polygon’s bridges, which hold $6.6 billion in total value locked (TVL), are second to Avalanche, which holds $7.78 billion. Arbitrum, another popular layer 2 solution, holds $2.5 billion, and Ronin Bridge, a bridge for the Axie Infinity ecosystem, has $6.1 billion in TVL. Original
Read More
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.As the calendar year comes to an end, Cardano’s personable leader Charles Hoskinson shares a message of optimism, unity and collaboration for the future of crypto.As a gesture of goodwill for the holiday season, this week our long-form DeFi newsletter will
Read More
Ethereum-based layer two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token MATIC at risk. According to a Dec. 29 blog post from Polygon, the “critical” vulnerability in the network’s Proof-of-Stake (PoS) Genesis contract was first highlighted by two whitehat hackers
Read More
“What’s important is that this was a test of our network’s resilience as well as our ability to act decisively under pressure,” co-founder Jaynti Kanani said in a blog post. “Considering how much was at stake, I believe our team has made the best decisions possible given the circumstances.” Original Source
Read More
The Polygon team promised an explanation and here it is. A few weeks ago, the Ethereum Layer 2 network hard-forked their blockchain, seemingly without explanation. As usual, NewsBTC got to the bottom of the case and presented all of the available information. The only piece missing was a promised official
Read More
Polygon (MATIC), a layer-two network designed for scaling and application infrastructure development on Ethereum (ETH), has been making the rounds among blockchain enthusiasts as of late. From its $1 billion investment into zero-knowledge technology to co-launching a $200 million Web 3.0 social media initiative up to integrating with Opera's web browser
Read More