Layer 2
Ethereum scaling: the Polygon PoS chain and ZK technology.
Polygon PoS is an EVM-compatible proof-of-stake sidechain that checkpoints to Ethereum, and Polygon's ZK work (zkEVM, the AggLayer) aims to connect many chains with shared liquidity. POL is the network token.
PolygonBeginnerEach outcome share pays $1 in USDC if right and $0 if wrong, so its price reads as a probability. Polymarket mints shares in collateralized YES/NO pairs, matches orders off-chain, settles on Polygon, and resolves via UMA's oracle.
#markets#oracles#smart-contracts
PolygonBeginnerAn activist investor has sparked a debate within the Polygon (POL) community by proposing a complete redesign of the network’s tokenomics model. The move comes amid a prolonged price slump for POL, which has significantly underperformed compared to the broader cryptocurrency market. The proposal —…
#crypto
PolygonBeginnerPolygon’s proof-of-stake (PoS) chain is back online after a software glitch disrupted milestone finality and caused certain nodes to stall. The development team deployed an emergency hard fork to resolve the issue, ensuring block production and finality are now running as expected. What Happened?…
PolygonBeginnerPolygon just hit a major milestone—it’s officially outpaced Ethereum in weekly NFT sales. Yep, you read that right. According to data from CryptoSlam, Polygon clocked in a whopping $22.3 million in NFT sales last week, grabbing 24% of the total $92.9 million NFT market volume. That’s a 20% jump…
#nfts
PolygonBeginnerThe blockchain and cryptocurrency landscape continues to expand, with new innovations emerging globally. India, known for its strong tech culture, is also making significant strides in digital tokens. One of the latest advancements is JioCoin, a blockchain-powered digital token introduced by…
#crypto#india#tokens
PolygonBeginnerJio Platforms, owned by billionaire Mukesh Ambani, has introduced JioCoin on the Polygon network. Users of X observed JioCoin integrated into Jio’s proprietary JioSphere browser on January 16. This follows Jio’s collaboration with Polygon Labs to improve its offerings using Web3 and blockchain…
#india
PolygonBeginnerJio Platforms, the digital arm of Reliance Industries, has entered into a strategic partnership with Polygon Labs, the developer arm of Polygon Protocols. This collaboration aims to bring Web3 and blockchain solutions to India, leveraging Polygon’s technology to integrate Web3 capabilities into…
#defi#india#nfts
PolygonBeginnerIndian Railways has partnered with Chaincode Consulting to introduce NFT-based train tickets for the MahaKumbh Mela, a major Hindu festival held once every 144 years. These tickets will leverage the Polygon blockchain, chosen for its high scalability, fast processing, and low gas fees. Chaincode…
#asia#india#nfts
PolygonBeginnerThe Aave DAO, the decentralized autonomous organization governing the Aave protocol, is considering a potential exit from the Polygon network. This decision stems from concerns over the security of bridged assets on Polygon, particularly related to a proposal to use a significant portion of these…
#aave
PolygonBeginnerMagic Labs has announced the launch of Newton, a groundbreaking chain unification network designed to revolutionize cross-chain wallet connections within the AggLayer. This innovative solution aims to seamlessly bridge the gap between different blockchains, empowering users to effortlessly…
#crypto#dapp-development#wallets
PolygonBeginnerPolygon Labs has solidified its plan to migrate the Polygon network’s native token from MATIC to POL-on September 4, 2024. This decision follows community approval and signifies an upgrade within the framework of Polygon’s 2.0 vision. The migration aims to enhance the utility of the network’s…
#decentralization#developers
