Cryptocurrency Analysis and News Portal
“For years, the excitement around crypto’s most promising use cases, including DeFi [decentralized finance] and NFTs [non-fungible tokens], has been muted by the fact that Ethereum simply isn’t built to handle it all yet,” Matt Hougan, Bitwise’s chief investment officer, said in a statement. Hougan sees Polygon as a platform
Read More
The growth of layer-two protocols has been one of the major stories of 2021 as the rising popularity of decentralized finance (DeFi) and nonfungible tokens (NFT) have driven transaction costs higher on the Ethereum (ETH) network effectively pricing out many participants. Earlier this year the Polygon network, formerly known as MATIC,
Read More
“Scalability and sustainability remain among the critical challenges of blockchain technology,” Paul Liberman, president of global product and technology at DraftKings, said in a statement Monday. “Although DraftKings Marketplace is still in its nascency, we are bullish on the possibilities that blockchain, NFTs, cryptocurrency and more will present as we
Read More
Polygon (MATIC) has the potential to reach $3.50 by the end of this year as it charts a pattern that’s starting to resemble a bull flag.In detail, bull flags are bullish continuation patterns that emerge when the price consolidates following a strong move higher. In doing so, the price tends
Read More
Polygon (MATIC) is an ERC-20 token that supports the Polygon Network (fka Matic Network), a layer 2 scaling solution for Ethereum. Polygon’s end goal is to provide an improved user experience for Ethereum decentralized applications that are impaired by high gas fees and transaction processing times. Polygon aims to improve
Read More
Polygon continues to be a substantial force in DeFi. The protocol’s ease of use and lower fees have been major draws for developers, leading to a wide variety of new projects coming to life on the platform. Meanwhile, the folks over at Amun Tokens are working on DeFi index tokens left
Read More
Subscribe to Crypto for Advisors, our weekly newsletter defining crypto, digital assets and the future of finance.Sign UpBy signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our terms of services and privacy policy. Original Source
Read More
Bitcoin still remains the top crypto project in the space. But it no secret that Ethereum has been quickly catching up with the pioneer cryptocurrency. Ethereum’s decentralized finance (DeFi) use cases have been the major contributor behind this space as investors have flocked to the blockchain to earning returns on
Read More
“Long story short, Augur v2 (on Ethereum) had numerous problems in regards to the cost to use it, gas prices, and transaction times,” Tom Kysar, Director of Operations at Augur, said in a statement. “Augur Turbo on Polygon negates these issues, making it virtually free to execute trades and take
Read More
Layer-two protocols have seen monumental growth this year, and in terms of active addresses, one such protocol has briefly surpassed the network for which it is a scaling solution.The number of daily active unique addresses on layer-two aggregator Polygon has surpassed those on the high-fee layer-one Ethereum according to Polygon co-founder
Read More