Polygon
The Polygon Network, a framework, and mechanism for creating and linking Ethereum-compatible blockchain networks are powered by the Ethereum token Polygon (MATIC). As a Layer-2 solution, Polygon is intended to grow the Ethereum network and enhance its usability. The protocol uses sidechains or blockchains that actalongside the Ethereum main chain like fast HOV lanes, to facilitate quicker and less expensive Ethereum transactions.
Using Polygon, you can engage with a variety of well-known crypto apps that were previously restricted to the main Ethereum blockchain by “bridging” some of your cryptocurrency over to Polygon (via the official Polygon Bridge).
Polygon latest news surfaces that the price of the Polygon(MATIC) coin could double by the end of 2022 or early due to a mix of extremely bullish fundamental and technical indicators.
Today
Trending
French Crypto Executives Propose Taxing Crypto-to-Stablecoin Conversions
Three French crypto executives proposed a crypto-to-stablecoin tax, shifting the taxable event while keeping crypto-to-crypto trades deferred. ADAN pushed back.
RBI Cautious on Crypto but Backs Blockchain Technology, Governor Malhotra Says
The RBI cautious on crypto stance was reaffirmed by Governor Sanjay Malhotra, who cited monetary sovereignty concerns while backing distributed ledger.
Evernorth XRP Treasury Wins Shareholder Vote, Clearing Path to Nasdaq Debut as XRPN
Armada II shareholders approved the Evernorth XRP treasury merger on September 30, setting up an October 7 close and Nasdaq trading under ticker XRPN.
TeraWulf Doubles Muskie Data Campus Contracted Power to 1 GW
TeraWulf doubled contracted power at its Muskie Data Campus in eastern Kentucky to 1 GW under an amended Kentucky Power deal, pending state regulatory approval.
Strategy Bitcoin Purchase of 334 BTC Trails $176M STRC Buyback as Firm Posts $21B Q3 Gain
The latest Strategy Bitcoin purchase totaled 334 BTC for $28.7 million, while the firm spent $176.3 million on STRC buybacks and posted a $20.91 billion Q3.
Metaplanet Net Interest Income Strategy Targets Recurring Cash for Bitcoin Buys
Metaplanet unveiled a net interest income strategy and revised capital rules on Monday, aiming to fund more Bitcoin accumulation after ending Q3 with 44,000.
