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.
PolygonBeginnerPolygon, a prominent scaling platform for Ethereum, unveiled a whopping $720 million Community Treasury dedicated to funding blockchain projects over the next decade. This initiative targets developers working within both the Polygon and Ethereum ecosystems. The substantial $720 million fund will…
#crypto#tokens
PolygonBeginnerThe world of Ethereum scaling solutions is heating up, with Polygon CEO Marc Boiron igniting a debate by criticizing Layer 3 (L3) networks. Boiron argues that L3s exist solely to siphon value away from Ethereum and onto the Layer 2 (L2) networks they’re built upon. Polygon, itself a prominent L2…
#crypto#layer-2
PolygonBeginnerOther significant businesses have taken actions consistent with Starbucks’ decision to discontinue its NFT rewards program in the past year. In order to make place for new projects, the international coffee business Starbucks has announced. That it is discontinuing its program that allowed users…
#nfts
PolygonBeginnerAstar Network, a blockchain platform based in Japan, has made a significant stride towards interoperability by launching its Astar zxEVM on Polygon’s AggLayer. This marks the first-ever integration of a layer-2 chain into AggLayer, a protocol designed to seamlessly connect multiple blockchains.…
PolygonBeginnerA new lending platform built on the Polygon network, where crypto holders can unlock the value of their digital assets to purchase luxury items like watches, cars, and even fine art. This innovative platform aims to bridge the gap between the often-opaque luxury market and the increasingly…
#crypto#tokens
PolygonBeginnerPolygon Labs, the developer of Ethereum-scaling solutions, has released a new protocol that promises to bring together the “divided blockchain landscape” into a web of networks that “feels like a single chain.” Polygon stated in a Jan. 24 blog post that its AggLayer solution, which will be…
PolygonBeginnerPolygon, the Ethereum scaling platform touted for its fast and cheap transactions, is facing scrutiny after a blockchain intelligence firm, ChainArgos, raised concerns about irregularities in its token distribution, particularly surrounding its staking program. These accusations have cast a shadow…
#crypto#staking
PolygonBeginnerThe MATIC token of the network would be replaced with POL in a token upgrade proposed by a group of Polygon founders and researchers, enabling POL to serve as a single token for all Polygon-based networks. The primary Polygon blockchain, the Polygon zkEVM network, and various…
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PolygonBeginnerPolygon was developed to enhance speed and lower the cost of Ethereum transactions. Due to its secure and decentralized nature, Layer 1 chain Ethereum is one of the most used blockchains; nevertheless, transaction times and gas costs have increased due to its popularity. Polygon, which is based on…
#dapp-development#defi#nfts
