Polygon’s POL (MATIC) Token Spikes 15% on Binance Listing
Polygon introduced last week the upgraded version the network’s token, POL, migrating from its longstanding token MATIC with some tokenomics changes.
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Polygon introduced last week the upgraded version the network’s token, POL, migrating from its longstanding token MATIC with some tokenomics changes.
The purchase is part of a deal with hardware maker Fabric, that is also producing custom zero-knowledge chips for Polygon’s AggLayer.
The migration from POL to MATIC will also bring in some tokenomics changes with a new emission rate of 2%.
From currency risk to judicial risk, companies face all sorts of unforeseen macro threats, particularly in an election year. Decentralized tech can ease the burden, writes Paul Brody, head of blockchain at EY.
With Polyhedra’s new “Proof Arena,” it should be easier to tell who’s the fastest (April Walker/Unsplash, modified by CoinDesk using PhotoMosh)
Global lenders and asset managers are increasingly exploring blockchain tech to issue and transfer traditional financial instruments, also known as tokenization of real-world assets.
The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks.
The new protocol, called the TON Applications Chain (TAC), will make use of Polygon’s Chain Development Kit (CDK), as well as their AggLayer.
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The chains’ users will be able to opt in or out to use Avail for data availability, to stash the reams of data produced for all their transactions taking place.