As Ethereum’s transition to proof of stake approaches, you might be wondering whether layer 2s like Polygon will have a role to play. The short answer is yes, and out of all the layer 2s out there, Polygon’s development has definitely been the most aggressive.
For those unfamiliar, Polygon describes itself as ‘Ethereum’s internet of blockchains’ and they’re building out a whole bunch of scaling solutions in addition to their existing Polygon PoS chain that’s seen exponential adoption over the last year.
Recently Polygon raised $450 million from various crypto VCs, the largest single post ICO raise of any crypto project (as far as I know). Polygon has also been securing some serious institutional partnerships, including the government of an Indian state.
With 3 additional scaling solutions on the way, it looks like MATIC is well positioned for massive gains, but as you’ll see it’s less than smooth sailing for Ethereum’s most popular scaling solution.
Be sure to stick around until the end to find out what comes next!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Polygon PoS TVL: https://defillama.com/chain/Polygon
► Polygon Hermez TVL: https://l2beat.com/projects/hermez/
► Polygon Exploit Explained: https://blog.polygon.technology/all-y…
► Polygon MATIC Burn Counter and Dashboard: https://burn.polygon.technology/
► Polygon Ecosystem Job Board: https://ecosystemjobs.polygon.technol…
► Polygon Outage Explained: https://blog.polygon.technology/lesso…
► Polygon MATIC Vesting Schedule: https://messari.io/asset/polygon/prof…
► Polygon PoS Chain Statistics: https://polygonscan.com/charts
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.