• Is Polygon (MATIC) the crypto industry’s new Ethereum?

  • The Polygon network has created quite a stir in the cryptocurrency community. The numerous events centered on the blockchain have piqued the interest of residents of the crypto community. The protocol has seen numerous adoptions in recent times, which is overwhelming for platform experts.

    On December 14, 2021, the Polygon network will host the Mumbai Testnet. This will include the London hard fork as well as the EIP-1559. Polygon, in collaboration with DeFi Pulse, created the Poly Pulse Newsletter. This is in addition to the network’s astounding number of adoptions and partnerships.

    Will Polygon Hold A Burning Man Event?

    As previously stated, the Mumbai Testnet will be hosted by the Polygon network on December 14, 2021. This will include the London hard fork as well as the EIP-1559. Polygon will follow the Ethereum specification by implementing EIP-1559 and burning the base fee MATIC tokens on every block.

    MATIC is an ERC-20 token that runs on Ethereum Layer-1. The logic for burning the base fee will be designed in such a way that the tokens are burned on the root chain. Not only on the Polygon PoS chain (L2). The Polygon team has asked developers to upgrade their nodes before block 22640000, which occurs around 8 a.m. UTC on December 14, 2021.

    In the Spotlight: Polygon

    The Poly Pulse newsletter was created in collaboration with Defi Pulse. Which is expected to be one-of-a-kind and will curate the week for the network’s savvy. Who want to know where to get the best returns, where to put their money, alpha leaks, and what’s going on in the network. Users can manage their email notifications independently.

    The Poly Pulse’s first edition will include:

    For the week, farms.
    A few Alpha weeks.
    DAO and Dapp maintenance package

    In the last week, the platform has seen a slew of new developments, adoptions, and alliances. Among them is Bubble House’s collaboration with Polygon to create the first carbon-neutral and eco-friendly NFT marketplace. New Javascript library, which paved the way for skyrocketing profits. Sequoia Capital and Steadview Capital are both interested in purchasing MATIC tokens.

    Polygon and Lumor Labs have launched the Polygon LEAP 2021 accelerator to accelerate Web3.0 innovation in India. Wanchain and Polygon are collaborating on an Arbitrum bridge. Mir Protocol, an Ethereum scaling startup, was purchased by Polygon for $400 million. Among many other beneficial influxes in the protocol’s glory.

    Polygon has risen to prominence as a result of the numerous catalysts that have fueled its propulsion. MATIC, Polygon’s native token, has seen a significant increase in recent times. Despite the perilous market trend, the price soared to highs of $2.57, closer to its ATH. We can expect Polygon to enter the top-15 league in the near future based on current statistics.

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