Category Archives: Polygon news

After the collapse of FTX, Binance enjoyed several weeks of glowing press coverage about its commitment to spend $1 billion on helping the crypto industry. However, it appears that the wallet in question still holds nearly $1 billion BUSD and hasn’t spent anything. In its initial announcement on November 24, 2022, Binance claimed that 150 companies had applied to this so-called Industry[Read more…]

Ethereum (ETH) Layer-2 network Polygon (MATIC) proposed a hard fork on Jan. 17 to reduce gas spikes and address chain reorganizations by changing the BaseFeeChangeDenominator, according to a Jan. 12 statement. Polygon gas spike reduction Although Polygon boasts better scalability and cheaper fees than Ethereum, it is not immune to gas spikes during network congestion. The[Read more…]

The crypto prices increase today as coins like Bitcoin and Solana hike by a decent percent, thus, the market trades in green. Crypto Prices Today: The market is trading in green as significant crypto jumps up during the previous 24 hours. Since we entered the new year the market has been optimistic. As of writing, Bitcoin increases by[Read more…]

Fork it? Polygon has plans for a substantial upgrade in less than a week. After a heated community debate last month, Polygon Labs appears to be moving forward with plans to hard fork the network early next week, according to a blog post published on Polygon’s website Thursday. In the post, Polygon Labs claims the hard fork—proposed to[Read more…]

Last month, the second and final public testnet for Polygon zkEVM went live. Included in that rollout were meaningful improvements to the throughput, latency, and efficiency of the prover. In the first testnet, Polygon’s Hermez team, lead by Jordi Baylina, deliberately throttled performance to prioritize controlled testing of the soundness and correctness of the prover. […] The post The Go Fast Machine: Adding Recursion to Polygon zkEVM first appeared on Polygon | Blog.
The post The Go Fast Machine: Adding Recursion to Polygon zkEVM appeared first on Polygon | Blog.

When the Polygon PoS chain first launched, it offered a much-needed solution for Ethereum’s scaling issues. It gave users and developers alike everything they love about Ethereum, but with faster throughput and lower fees. Now, with tens of thousands of decentralized apps, over 207 million unique addresses, more than 2.3 billion processed transactions, and a […] The post Hardfork Incoming: Upgrading Polygon PoS Chain to Boost Performance first appeared on Polygon | Blog.
The post Hardfork Incoming: Upgrading Polygon PoS Chain to Boost Performance appeared first on Polygon | Blog.

Early-stage web3 accelerator Beacon held its first Demo Day of the year with 13 projects pitching live to over 300 top venture capitalists.  Beacon, positioning itself as the most founder-friendly accelerator started by Sandeep Nailwal (an accomplished web3 builder in his own right), hosted its inaugural Demo Day today. Graduates of Beacon’s first cohort presented[Read more…]

A new collection called Win Trump Prizes that allows users to buy rewards related to former U.S. president Donald Trump launched on OpenSea.  Individuals can claim a one-on-one Zoom meeting with Trump for 200 ETH ($277, 000), a gala dinner ticket for 50 ETH ($69,000), a meeting with Trump for 21.45 ETH ($30,000) and more.[Read more…]

Blockchain game developer N3twork Studios has pulled off a major coup by hiring Tinder Chief Product Officer Josh Sell to become its new Chief Operating Officer. Sell is joining N3twork Studios to help the company achieve its goal of revolutionizing the video games industry through the integration of new Web3 capabilities.  N3twork Studios is getting an experienced executive in[Read more…]

Orange Financial, a multi-chain yield farming treasury, is excited to announce its public mint date on February 1st, 2023. As the only NFT project to offer stablecoin rewards through yield farming to its holders, Orange Financial will revolutionize the world of yield farming and NFTs. Through its innovative approach, Orange Financial has created a basket of DeFi[Read more…]