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Laser Digital, Nomura's digital asset subsidiary, is launching a new venture in collaboration with blockchain protocol TruFin, a WebN incubated company. This initiative leverages Polygon's Aggregation Layer (AggLayer) to introduce the Laser Digital Polygon Adoption Fund.
Polygon Labs CEO Marc Boiron rails against Ethereum Layer 3 chains.
Initially introduced as Matic Network in 2017, Polygon has undergone a metamorphosis, evolving into a multifaceted multi-chain platform meticulously designed to alleviate the congestion woes haunting the Ethereum blockchain. Spearheaded by former Ethereum luminaries, Polygon is on a mission to revolutionize Ethereum's scalability and infrastructure development landscape.
L3 networks have been around for a while, but developers are still arguing what its impact on Ethereum really is.
Polygon's zkEVM rollup entered an emergency state on March 23 after the chain stopped processing blocks. Last week, Polygon released an analysis of the outage that took its zkEVM down.
Known as one of the most versatile protocols when it comes to evolution, Ethereum (ETH) innovators are now making a push to launch layer-3 blockchain networks. Commenting on the new trend, Polygon Labs CEO Marc Boiron has castigated the move, noting that L3s will not form a path to properly scale Ethereum.
Polygon CEO Marc Boiron ignited a debate against the development of layer-3 networks while millions are made from the Degen Chain.
Polygon's CEO Marc Boiron emphatically stated that the layer-2 network was not considering developing layer-3 protocols because of the potential risks they pose to Ethereum's security. Boiron made this statement on the back of the early success of Degen Chain, a layer-3 network running on the Coinbase-backed scaling solution Base.
Marc Boiron raised concerns that if all L3s consolidate into a single L2, Ethereum could lose its value, posing a security risk.
TL;DR Marc Boiron, CEO of Polygon, sparked the debate by stating that Layer 3 (L3) networks are diminishing the value of Ethereum and aiming to strip the main network of its value.
The Chief Executive Officer (CEO) of Polygon Labs Marc Boiron, has expressed a negative sentiment towards layer 3 (L3) networks, arguing the necessity and implications of the solutions for scaling Ethereum – the second largest cryptocurrency asset.
Polygon CEO Marc Boiron ignites debate over the role of layer-3 networks in Ethereum's ecosystem, questioning their necessity and impact on Ethereum's value.
Polygon Labs CEO Marc Boiron has heavily criticized Layer-3 networks for drawing value and security away from Ethereum, leading to a potential risk to security on the network.
The Ethereum ecosystem finds itself embroiled in a contentious debate over the proliferation of Layer 3 networks (L3s). The latest salvo in this ongoing discourse was fired by none other than Polygon CEO Marc Boiron, whose scathing critique of L3s reverberated across social media platforms, igniting fervent discussions among blockchain enthusiasts and industry experts alike.
Polygon CEO Marc Boiron sparked a debate over the weekend, challenging the necessity and value of layer-3 networks for Ethereum's scalability.
In the latest discussion on social media platform X, Polygon CEO Marc Boiron lashed out at the Layer 3 networks gaining much prominence in recent times. As per Boiron, L3s aren't necessary to scale Ethereum but instead would prove to be a burden on the network.
Polygon Labs CEO questions the need for Layer 3 networks, citing risks to Ethereum's value.
If all layer 3s settled to one layer 2, Ethereum would capture no value, and its security would be at risk, argues Polygon CEO Marc Boiron.
The growing adoption of crypto's latest Layer 3 chain has minted millionaires and drawn in criticism from high-profile detractors.
One project has been making huge waves in the ever-evolving crypto space recently. Polygon has seen an unexpected surge in daily active users.
Polygon (MATIC) struggles to stay afloat after impressive surges that drove prices towards the $2 mark. Meanwhile, IntoTheBlock's data reveals a mixed narrative for holders, with 51% facing losses. The altcoin reflects volatility, leaving 43% in profits and 5% at break even.
March 14 marked a significant milestone for Polygon (MATIC) as its daily active addresses surged to 3,301, coinciding with a price spike to $1.27, the highest since February 2023. This surge underscored the close correlation between MATIC's price movements and its active user base, suggesting that increased engagement could drive further price appreciation.
In the realm of blockchain governance, integrity and fairness are paramount. However, recent events have cast a shadow over these principles as Mudit Gupta, Polygon's Chief Information Security Officer, finds himself entangled in a dispute over his eligibility for Arbitrum's Security Council elections.
The price of Polygon (MATIC) is witnessing a resurgence, indicated by a recovery in daily active addresses following steep declines. This uptick, supported by the RSI 7D, suggests potential for further buying that could boost MATIC's price.
