Polygon

As per Coinmarketcap, the number of active users on the Polygon blockchain has officially overtaken ETH, according to their analysis on 3rd OCT. The site also added that the skyrocketing number of users is due to the upcoming mobile game Arc8. Polygon Active Addresses Skyrockets As per the Polygon scan, 531,831 addresses were using the polygon blockchain on Oct 3, 2021. Comparatively, the ETH network was serving about 472,079 active users on the same date. While the numbers of users…

Accounting firm Ernst & Young (EY) just announced that it would be using the Polygon protocol to implement its blockchain solutions on the Ethereum ecosystem. The firm said the new development would enable a future transition to less risky and more efficient public networks.  According to a recent press release, EY will adopt Polygon’s chain scaling solutions to uplift transaction volumes. This union will allow more predictable costs and settlements for business customers. The firm also disclosed it is engaging with Polygon blockchain scaling…

This article aims to give you a beginner's guide to Polygon. By the end of this article, you will have a better understanding of the following: What Polygon is? What Polygon offers?  The solutions Polygon offers to common blockchain problems.  You will also understand how to buy Polygon Matic tokens. Polygon In a Nutshell The idea for Polygon originated from the original Matic network, which acted as an effective scaling solution. Polygon (Matic) network is a highly secured Ethereum-based layer…

Even as cryptocurrencies with larger market caps continue to tumble,  MATIC (Polygon) Ethereum's multichain scalability platform has skyrocketed. In a seven-day trailing period, it has grown by nearly 145%. The platform's surge is taking place in the backdrop of a resurgence of the Defi sector. By midnight on Monday, the coin had attained a record high of $2.14. MATIC Gains Over BTC and ETH At the time of going to press, Polygon's token was trading at $2.04. The price represented…