1/ Polygon (MATIC) is a cryptocurrency and a technology platform that was launched to connect and grow Ethereum-compatible projects and blockchains
2/ MATIC tokens are used to govern and secure the network, as well as pay for transaction fees
3/ The team behind Polygon has been working hard to create a scalable, secure, and decentralized platform that can handle high volumes of transactions
4/ Polygon has formed strategic partnerships with several companies, including Google Cloud, Chainlink, and more
5/ Investors have taken notice of Polygon's potential, with several high-profile investors backing the project
6/ Polygon's use case is broad, with applications in gaming, finance, NFTs, and more
MATIC price hints at 11% move after Polygon bulls seize control](https://www.fxstreet.com/cryptocurrencies/news/matic-price-hints-at-11-move-after-polygon-bulls-seize-control-202304081033)) MATIC price shows signs of reversal as it bounces off a critical demand area. This level has caused sidelined buyers to step up, resulting in a minor
MATIC - THE IDEAL LAYER 2 SOLUTION 🔄🔮👾
1/ MATIC is an open-source Layer 2 scaling solution for Ethereum that aims to address the scalability and high cost challenges faced by the Ethereum network. It utilizes a network of Ethereum-compatible PoS (Proof-of-Stake) sidechains that can process transactions in parallel with the Ethereum mainchain, thereby reducing the load on the mainchain and enabling faster and cheaper transactions.
2/ MATIC has its own native token called MATIC, which is used instead of ETH to pay for gas. This gives Polygon an advantage over other layer 2 solutions on Ethereum, since users don’t necessarily need to bear the costs of transferring Ethereum tokens into the Polygon mainnet initially.
3/ The most promising L2 solutions for Ethereum are Optimistic Rollups and ZK-Rollups. Optimistic Rollups are a type of Layer 2 scaling solution that allows for more transactions per second than Ethereum’s base layer while still maintaining security. ZK-Rollups are another type of Layer 2 scaling solution that uses zero-knowledge proofs to bundle multiple transactions into a single transaction.
Blockchain-Based Debt Protocol Obligate Records First Bond Issuance on Polygon Network](https://www.coindesk.com/markets/2023/03/22/blockchain-based-debt-protocol-obligate-records-first-bond-issuance-on-polygon-network/)) Swiss commodities trading firm Muff Trading AG issued corporate bonds using Obligate’s decentralized finance platform, which is set to open to the public on March 27.
The number of active Ethereum addresses has increased by 200% since the beginning of 2023, indicating a growing interest in the platform. #Ethereum #cryptocurrency #bullish
12 APR 2023 LOCK IT IN 🔒
ETH SHAPELLA UPGRADE DATE CONFIRMED BY ETHEREUM FOUNDATION
Mainnet Shapella Announcement | Ethereum Foundation Blog](https://blog.ethereum.org/2023/03/28/shapella-mainnet-announcement))
12 APR 2023 LOCK IT IN 🔒
ETH SHAPELLA UPGRADE DATE CONFIRNED BY ETHEREUM FOUNDATION
Mainnet Shapella Announcement | Ethereum Foundation Blog](https://blog.ethereum.org/2023/03/28/shapella-mainnet-announcement))
The Ethereum network has processed over 1 billion transactions in 2023, which is a 400% increase from the previous year. #Ethereum #cryptocurrency #bullish