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Is Polygon (MATIC) The New Ethereum Of The Crypto Industry?

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Dec 13, 2021

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Highlights

    The Polygon network will be hosting the Mumbai Testnet which will include the London hard fork, and the EIP-1559.

    Polygon along with DeFi Pulse have developed the Poly Pulse newsletter.

The Polygon network has been making a buzz in the crypto industry. As the numerous events revolving around the blockchain have been fathoming the fascination of residents from the crypto community. The protocol has been perceiving numerous adoptions in fresh times, which is overwhelming for savvy of the platform.

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The Polygon network will be hosting the Mumbai Testnet on the 14th of December 2021. Which will include the London hard fork, and the EIP-1559. Polygon along with DeFi Pulse has developed the Poly Pulse Newsletter. Which is in addition to the startling number of adoptions and partnerships the network has been receiving.

Will Polygon Host A Burn Event?

   As earlier stressed, the Polygon network will be hosting the Mumbai Testnet on the 14th of December 2021. Which will include the London hard fork, and the EIP-1559. Polygon will be implementing the EIP-1559 as per the Ethereum spec, and burning the base fee MATIC tokens on every block.

Since MATIC is an ERC-20 token on Ethereum Layer-1. The logic for burning the base fee will be implemented in a way that the tokens are actually burnt on the root chain. And not just on the Polygon PoS chain (L2). The Polygon team has asked the developers to upgrade their nodes before block 22640000, which hits approximately at 8 AM UTC on the 14th of December 2021.

Polygon To The Spotlight

Polygon along with Defi Pulse has developed the Poly Pulse newsletter. Which is expected to be one of a kind, that will curate the week for the savvy of the network. Who are keen to know where to get maximum returns, on which pools to deploy funds, alpha leaks, and the happenings in the network. Users can control the email notifications separately.

The first edition of the Poly Pulse will bring in: 

  • Farms for the week.
  • Some Alpha weeks.
  • DAO and Dapp care package.

The platform has welcomed numerous developments, adoptions, and the alliance’s in the past week. Some of which are: Bubble house teaming up with Polygon to become the first carbon-neutral and eco-friendly NFT marketplace. New Javascript library, which made way to the soaring high gains. Sequoia Capital and Steadview capital looking forward to purchasing MATIC tokens.

Polygon and Lumor labs launch Polygon LEAP 2021 accelerator to drive Web3.0 innovation in India. Wanchain and Polygon teaming up with Polygon for an Arbitrum bridge. Polygon acquired Ethereum scaling startup Mir Protocol for $400 M. Amongst many other valuable influxes in the protocol’s glory. 

Collectively, Polygon has been soaring higher in prominence with the numerous catalysts fueling its propulsion. Polygon’s native token MATIC has seen an appreciable surge in recent times. The price soared to highs of $2.57 closer to its ATH, despite the treacherous market trend. With the current statistics, we can expect Polygon to enter the top-15 league in the near future.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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