Cryptocurrency Analysis and News Portal
The upgrade to POL from MATIC requires a simple technical action – sending MATIC to the upgrade smart contract, which will automatically return the equivalent amount of POL. Token holders would be given ample time to upgrade, a proposed four years or more, if the community supports the move. Source
Read More
Matic's aggregated open interest, which is a metric used to assess the nominal value of open derivatives positions, has experienced an even larger uptick over the past 24-hours, rising from $109 million to $160 million, or 47%, according to Coinalyze. That big jump suggests that the rally is being backed
Read More
The recent decision by the U.S. Securities and Exchange Commission (SEC) to classify Polygon’s MATIC token as a security has sent ripples through the cryptocurrency community. This decision, based on the SEC’s interpretation of the Howey Test, has been met with considerable debate and disagreement. Many argue that the classification
Read More
“Altcoins can crash this weekend even more as trading volumes are thin and market makers such as Binance have become less active,” one crypto firm warned. Source
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Vitalik Buterin, the co-founder of Ethereum, has teamed up with Sandeep Nailwal, the co-founder of Polygon, to direct $100 million toward COVID-19 research and the development of medical infrastructure in India. This philanthropic effort aims to
Read More
This more flexible version of a limit order allows traders on Mangrove to propose selling some digital assets at a given price, while also depositing those assets as collateral on a lending platform and generating passive yield, for example. “So at the same time, you have a savings account, and
Read More
“Today's announcement with Google Cloud aims to increase transaction throughput enabling use cases in gaming, supply chain management, and DeFi," Polygon President Ryan Wyatt said in the statement, adding: "This will pave the way for even more businesses to embrace blockchain technology through Polygon." Source
Read More
Nailwal said that reaching mass adoption will ultimately come down to the benefits that Web3 applications can provide, such as self-custody and the ownership of digital collectibles. Starbucks’ Odyssey program, for instance, combines customer loyalty rewards with NFTs, as well as gamified elements. Original Source
Read More
Polygon has released its open-source zkEVM Ethereum scaling technology to the mainnet, promising reduced transaction costs and increased throughput of smart contract deployments.Polygon’s zkEVM is a zero-knowledge rollup (ZK-rollups) scaling solution equivalent to the Ethereum Virtual Machine. ZK-rollups increase throughput on Ethereum’s blockchain by batching computations and state storage to
Read More
To address its problem of relatively frequent reorgs, Polygon wants to reduce the amount of time it takes to finalize a block to verify successful transactions. The plan is for Polygon’s “sprint length” to be reduced from 64 to 16 blocks, meaning that a block producer can produce blocks for
Read More