Author Archives: BSCN NEWS REPORTS

Introduction In a significant development for the Polygon network, a new Polygon Improvement Proposal, PIP-29, has been introduced, aiming to establish a robust governance framework. This framework will empower a 13-person Protocol Council to oversee essential upgrades to system smart contracts within existing and forthcoming Polygon protocols. The Influential Protocol Council Members The proposed Protocol[Read more…]

The Rise of the Polygon Protocol Council As the landscape of blockchain technology continues to evolve and mature, the quest for scalability and decentralization becomes increasingly paramount. One of the most prominent players in this field, Polygon, has made significant strides to ensure it stays at the forefront of this revolution. With the inauguration of[Read more…]

Quick Take Polygon Labs has unveiled a groundbreaking governance improvement proposal, known as PIP-29, with the primary objective of forming a Protocol Council. This council, comprising 13 members, will be entrusted with the critical responsibility of overseeing Polygon’s smart contract upgrades. Protocol Council Overview The Protocol Council, consisting of esteemed individuals and organizations, will supervise[Read more…]

Community Proposal: Discontinuing Polygon Staking on Lido A community member, known as kentie, recently published a proposal suggesting the discontinuation of support for Polygon (MATIC) on Lido Finance. This decision comes months after the protocol paused MATIC’s staking and withdrawal functionality due to a bug affecting stMATIC withdrawals. Kentie’s proposal, published on October 17, cites[Read more…]

MATIC Price Surge Following Google’s Partnership MATIC witnessed a significant surge nearing $0.60 on Monday, driven by Google Cloud’s new role as a validator node in the Polygon framework. This partnership has sparked interest among investors, leading to crucial on-chain statistics and derivatives market analysis predicting the trajectory of MATIC in the upcoming days. Google’s[Read more…]

Introduction Ava Labs, the main developer of the Avalanche blockchain, has recently made strategic hires from Polygon and OKX to bolster its presence in India. Devika Mittal, formerly of OKX, and Kamakshi Arjun, previously with Polygon Labs, have joined Ava Labs as the head of India and business development lead for India, respectively. Partnership and[Read more…]

Introduction Polygon Labs, the company behind Polygon (MATIC), has unveiled an innovative governance proposal known as PIP-29. This proposal aims to establish a Protocol Council, consisting of 13 distinguished members, to oversee smart contract updates on the Polygon network. Members of the Protocol Council Polygon Labs has introduced PIP-29, a groundbreaking proposal designed to create[Read more…]

Table Of Contents Ripple (XRP) Technical Analysis and Price Forecast Crypto markets have always been a rollercoaster of emotions and opportunities. The big chatter right now revolves around the potential approval of Bitcoin spot ETFs. Imagine a world where Bitcoin’s market cap is about to get a whopping boost of $155 billion. Crazy, right? With[Read more…]

Table Of Contents Scroll Announces Mainnet Launch Blockchain protocol Scroll quietly launched its zkEVM-based Mainnet, achieving a significant milestone in scaling Ethereum’s capabilities. On October 17, Scroll officially announced the Mainnet launch, although the smart contract had been running since October 8 in stealth mode. This announcement led to a substantial influx of deposits, with[Read more…]

Market Analysis: MATIC Price and Uptober Prospects As the market-wide recovery boosts most of the altcoins, MATIC price ranks in the top tier in the gainers list. With an overnight bullish spark, the possibility of a prolonged uptrend increases for Polygon this Uptober. Moreover, with a bullish pattern in play, the potential breakout rally in[Read more…]