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Polygon Foundation has set the date for the much-anticipated MATIC to POL token migration. POL token will replace MATIC as the native gas and staking token for the Polygon proof of stake (PoS) network.
Polygon's token upgrade to POL on September 4 could significantly enhance network utility and security, impacting all Polygon networks. The post Polygon set to migrate MATIC to POL on September 4 appeared first on Crypto Briefing.
The upgrade is part of Polygon's 2.0 roadmap to enhance its zero-knowledge-based layer 2 chains ecosystem, aiming to expand the utility and functionality of its native token.
Polygon's mainnet upgrade is scheduled for September 4, 2024, transitioning its native token from MATIC to POL following community approval.
The migration comes as a part of Polygon's planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.
Polygon revealed that its new zero-knowledge (ZK) proving system, Plonky3, is ready for use. The company revealed that the open-source software is audited and secure for developers to integrate.
Defying the market downtick on Wednesday, the Polygon price prediction shows an over 2% surge to hit $0.55. This bullish momentum intact for the past weeks now challenges the multi-month resistance of the falling wedge pattern.
Polygon (MATIC) Labs has taken another step to accelerate the proliferation of ZK solutions.
Polygon (MATIC) has been a showcasing intriguing technical patterns and market movements recently. Crypto analyst Alex Clay has highlighted an accumulation phase that suggests potential high returns for investors.
Polygon, a prominent layer 2 scaling solution for Ethereum, has been navigating through a notable accumulation phase as indicated by technical analyst Alex Clay. This accumulation phase, characterized by a symmetrical triangle pattern lasting 1218 days, suggests significant potential for a bullish breakout.
Polygon Labs has announced that its next-generation zero-knowledge (ZK) proving system, Polygon Plonky3, is now production-ready. This open-source system, licensed under MIT/Apache, empowers developers to build bespoke proving systems for ZKVM or ZK EVM chains, tailored to various use cases.
The new generation of ZK Plonky3 systems launched by Polygon with an open source license
Polygon's symmetrical triangle phase hints at a bullish breakout, targeting $4.5 to $9.75.
Unlike many altcoins, Polygon (MATIC) struggles to keep up with its recently-found uptrend. MATIC tested $0.55 in the early periods of July 16.
TL;DR Polygon Labs has launched Plonky3, the latest version of its zero-knowledge proof (ZK) system aimed at enhancing security and efficiency in distributed networks like Ethereum. Plonky3 is an open-source toolkit under the MIT and Apache licenses, designed to enable developers to build zkVM or zkEVM virtual machines.
Polygon has just announced a major update to its zero-knowledge proving system, introducing Plonky3. This new version is designed to be more flexible than the previous one, Plonky2, which came out in 2022.
Polygon Labs announced that Plonky3, the latest version of its ZK proving system, is now production-ready for developers.
Proving systems are a crucial component at the heart of blockchain ecosystems, allowing secondary "rollup" networks to confirm transactions on a base chain like Ethereum. Polygon's prior version, Plonky2, was released in 2022.
Polygon Labs unveils Plonky3, enhancing Ethereum scalability with improved zero-knowledge proof configurations and modular flexibility for developers.
Polygon Labs unveils Plonky3, enhancing Ethereum scalability with improved zero-knowledge proof configurations and modular flexibility for developers.
Polygon, formerly known as Matic Network, is making significant strides in the blockchain world. As an Ethereum Layer-2 scaling solution, Polygon improves transaction speed and reduces costs, making it a preferred choice for developers and users alike.
In a recent litigation filed by the SEC against Consensys, the Securities and Exchange Commission has clarified its stance on the classification of several prominent cryptocurrencies as securities. These include Terra Luna Classic (LUNA), Polygon (MATIC), The Sandbox (SAND), Chiliz (CHZ), and Decentrland (MANA).
For many crypto assets to survive, they must have fundamentally solid offerings to increase global interest and usher in investors. This is similar to the case of MATIC, a notable cryptocurrency asset tied to its blockchain, Polygon.
The NFT market saw a 7.68% boost in sales volume this week, hitting $109 million, with notable activity on ETH and MATIC blockchains.
