MATIC, Polygon’s native token, recently suffered a significant price decline amid a broader market downturn. The token dropped over 20% in the past month, reaching its lowest price level in two years. As the market recovers, some analysts have made a bullish case for the token but warned of a key level to watch. MATIC…
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Polygon Labs has announced that its next-generation zero-knowledge (ZK) proving system, Polygon Plonky3, is now production-ready. This open-source system, licensed under MIT/Apache, empowers developers to build bespoke proving systems for ZKVM or ZK EVM chains, tailored to various use cases. Unlike its predecessor, Plonky2, which was optimized for hardware and recursion, Plonky3 offers greater flexibility…
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Polygon’s native token, MATIC, has experienced a notable disparity compared to the broader cryptocurrency market. Unlike the top cryptocurrencies that have posted double-digit gains year-to-date, MATIC has failed to post positive performance across all time frames since the 2021 bull run. Adding to the concern, MATIC’s price has recorded losses amounting to 16.5% over the…
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Polygon has announced a $1 billion Community Grants Program, set to roll out over the next ten years, aimed at supporting developers on its platform. This initiative promises to allocate about $100 million annually to fund innovative projects that enhance the Polygon and Ethereum ecosystems. Polygon Community Treasury to Release $1B in Grants Over the…
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Marc Boiron, CEO of Polygon, an Ethereum-compatible sidechain scaling solution, gave his take on the rise of Layer 3 (L3) scaling structures in the Ethereum ecosystem. According to Boiron, L3s only take value away from Ethereum’s chain and concentrate it in their corresponding base L2, creating a security risk for the network. Polygon CEO Criticizes…
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Polygon’s Napoli hard fork, incorporating the RIP-7212 upgrade, marks a significant advancement in interoperability with mainstream tech by introducing support for the elliptic curve digital signature algorithm commonly used across the internet. The upgrade also aligns with Ethereum’s recent Denchun hard fork improvements, enhancing block space efficiency, limiting self-destruct opcode scope, and reducing memory copying…
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MATIC, the native token of the Polygon network, has witnessed a significant decline in its value. It has fallen by more than 10% in the past week and 8% in less than 24 hours as the general cryptocurrency market continues to grapple with a cloud of negative sentiment. Fortunately, the latest on-chain analysis has revealed…
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The play-and-own mobile gaming platform GAMEE suffered an exploit of its GMEE token contracts on Polygon that led to the theft of 600 million GMEE tokens and left the crypto community pondering questions. GAMEE Confirms $15M Exploit On Polygon On January 22, GAMEE Token’s official X (formerly Twitter) account advised its users to refrain from…
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The global cryptocurrency market value has retraced to over $1.72 trillion, suggesting that the cryptocurrency industry has lost some of its momentum in the last day. Furthermore, MATIC has not seen any tiny losses, in contrast to the majority of prominent digital assets, such as Bitcoin. As the Polygon protocol’s supporters push for new yearly highs,…
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In the rapidly evolving landscape of blockchain technology, Neon EVM, a smart contract on Solana (SOL) has emerged as a frontrunner by introducing a landmark parallel processing architecture on its mainnet. This approach has enabled Neon EVM to achieve an increase in performance, scalability, and efficiency, according to a press release share with NewsBTC. Neon…
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