Altcoin News by Thebittimes.Com

Vitalik Buterin called the early Ethereum scaling solution Plasma “underrated” and a “significant security upgrade” for chains that would otherwise be validiums. Plasma, a once-prominent Ethereum layer 2 scaling solution, should be revisited by teams currently working on zero-knowledge Ethereum Virtual Machines (EVMs), says Ethereum co-founder Vitalik Buterin. Invented in 2017, Plasma diverts data and computation — except deposits, withdrawals and Merkle roots — to an off-chain environment. It was superseded by optimistic and zero-knowledge (ZK)- rollups as the two solutions offered cheaper client-side data storage costs and security properties that “cannot be matched,” Buterin explained in a Nov. 14 X (Twitter) post. Exit games for EVM validiums: the return of Plasmahttps://t.co/QgyzXAl0wv — vitalik.eth (@VitalikButerin) November 14, 2023 Buterin said rollups remain the “gold standard ,” but Plasma is an “underrated design space” that shouldn’t be forgotten. “Plasma can be a sign...

Circle taps into Ethereum layer 2 Polygon to provide USDC liquidity directly on the proof-of-stake scaling protocol. US dollar stablecoin issuer Circle has announced that it has begun minting USD Coin (USDC) native ly on Ethereum layer 2 scaling protocol Polygon. USDC is accessible to both users and developers without the need to bridge the stablecoin from Ethereum or other blockchain. Circle Mint and Circle’s developer API’s now support Polygon-based USDC, tapping into Polygon’s scaling capabilities. 1/ It’s official. #ItsStillStableSeptember and $USDC is now available native ly on @0xPolygon PoS mainnet! Learn the benefits of native USDC and how to switch from bridged USDC.e https://t.co/KcK55sT4KH pic.twitter.com/Gm6HjR62KW — Circle (@circle) October 10, 2023 According to the announcement from Circile, businesses and developers will be able to build decentralized applications (DApps) with USDC on Polygon. The new offering is touted to enable near-instant, low fee transacti...

In a recent Twitter thread, Sandeep Nailwal , the founder of Polygon , unveiled the potential of POL. POL is a new upgrade designed to power Polygon 2.0. This innovation aims to redefine the landscape of Layer 2 (L2) solutions, offering a multi-dimensional approach to staking and network security. According to Nailwal, POL will facilitate multi-chain staking without the inherent risks associated with re-staking. Furthermore, with the advent of Polygon 2.0, the ecosystem will transform from a single chain into a network of interoperable L2 solutions. POL is a massive technical upgrade to MATIC POL delivers the benefits of multi-chain staking without the added risks of restaking. With the Polygon 2.0 proposal, the Polygon Ecosystem will expand from a single chain to an ecosystem of L2s that can easily interoperate and share… — Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) August 28, 2023 Nailwal says POL is an innovation in re-staking  ...

MATIC price surged due to favorable regulation, increased network use and anticipated Polygon 2.0 upgrade that could see a rebrand to POL. Polygon (MATIC) has experienced a significant price increase on July 13, driven by several key factors. These include a recent positive court ruling for XRP, increased activity of decentralized applications (Dapps) on the Polygon Network, and the highly anticipated launch of Polygon 2.0. MATIC/USD 12-hour price at Coinbase. Souce: TradingView Within just 12 hours, MATIC witnessed a remarkable 24% rally, propelling its price to $0.89 on July 13, reaching its highest level in five weeks. Although the initial excitement subsided, the token managed to sustain a daily gain of 15%, indicating growing demand from traders and investors. MATIC seizes opportunity from the SEC's loss On July 13, the United States District Court for the Southern District of New York ruled that XRP is not a security. This court decision could have far-reaching implication...

Atari has teamed up with Pixels.com for physical NFT artworks and Investopedia has given a rundown on NFT tax law. NFT music on Winamp Old school classic PC-friendly media player Winamp has rolled out support for Ethereum and Polygon-based music nonfungible tokens (NFTs) in the latest update of its desktop player. Winamp has been around since 1997 and was one of the most popular media players for PC users but has since been overtaken by Windows Media Player and Apple’s dominant iTunes. It has a reputation for support ing a wide range of media files, and in the latest update announcement on Dec. 7 the Winamp team noted that NFT support is officially live and ready to go. @winamp I have fond memories of Winamp from back in my youth. Are we ever going to see a official integration with @Spotify? I'd love some sweet early 2000's visualizations with my beats — Sjoerd Stottelaar (@sjoerds) December 6, 2022 Users can now connect their Metamask wallets from a host of browser...

Polygon (MATIC) and Green Satoshi Token (GST) provide the perfect examples of how quant analysis can help cryptocurrency investors shield themselves from volatile markets. Disparities in information access and data analytics technology are what give institutional players an edge over regular retail investors in the digital asset space. The core idea behind Markets Pro, Cointelegraph’s crypto-intelligence platform powered by data analytics firm The Tie, is to equalize the information asymmetries present in the cryptocurrency market. Markets Pro bridges the gap of these asymmetries with its world-class functionality: the quant-style VORTECS Score. The VORTECS Score is an algorithmic comparison of several key market metrics for each coin utilizing years of historical data that assesses whether the outlook for an asset is bullish, bearish or neutral at any given moment based on the historical record of price action. The VORTECS Score is designed to notify traders that something has just ...

The crypto markets bled this week due to the FTX and Alameda-induced crash. Leading crypto s plummeted to 2020-21 lows shedding all gains that it generated in the last 12 months. Bitcoin is at the $17,000 level and is at its November 2020 lows. The markets went helter-skelter with no signs of a possible recovery. However, after the CPI report was out on Thursday showing inflating at 7.7% compared to 8.2% the previous month, the crypto markets shed the baggage and briefly turned to green. BREAKING: 🇺🇸 US inflation falls to 7.7%, lower than expectations. — Watcher.Guru (@WatcherGuru) November 10, 2022 Also Read: FTX: Sam Bankman-Fried faces SEC’s wrath in new probe Here are 3 Coins That Are Recovering After the Crash 1. Solana (SOL) Source: CNBC Solana faced the heat of the market crash as Sam Friedman-Bank’s Alameda Research has nearly $1.2 billion worth of SOL. The idea that Alameda could dump their SOL holdings to refrain from being ...

Polygon ( MATIC ) was the top crypto performer in the previous week. Many developments helped push the token to the top of the charts, rallying by 30% in two days. Social media giant, Meta, announced its NFT (non-fungible token) plans to take place on the MATIC network. Furthermore, JP Morgan completed its first-ever DeFi (Decentralized Finance) trade over the same network. Both parties are among the biggest in their respective industries. The Ethereum scaling solution has made serious headway in the web3 space. Their platform is one of the most used for web3 development. What makes Polygon (MATIC) the top blockchain for web3? According to a recent study by Bernstein, Polygon (MATIC) is the top blockchain for bridging web2 users into web3. The report highlighted two steps that the company has taken in the right direction. Firstly, the company has hired experts from major international tech firms including Amazon (AMZN), YouTube, and Airbnb (ABNB). Secondly, it has done extensive...

The IRL use cases of Polygon have been on the rise. Just a day back, Polygon co-founder Sandeep Nailwal announced via a Twitter thread that the Polygon blockchain is now being used by Firozabad police in the Indian state of Uttar Pradesh to fight against local corruption and crime. He tweeted, “ With an FIR (first information report) going on blockchain, specifically if people can get online platform to file these with their identity, no lower level officers can deny the FIR. This could be a game-changer in ensuring right to justice .” In fact, in another development that took place on 12 October, Chainlink wrapped up integration across Polygon, emphasizing on the adoption narrative. 1/ ⬡ DAILY WRAP-UP ⬡ ⛓️ Integrations across #BNBChain, #Ethereum, and #Polygon ⛓️ 🧵👇 pic.twitter.com/nVkliMvV0o — Chainlink (@chainlink) October 13, 2022 Polygon active addresses attain new high On the on-chai...

Virtua is trying to ramp up its NFT marketplace with its new partnership with Polygon. NFTs and other crypto-related items were put on hold as the bears grabbed control of the cryptocurrency market. Many people were surprised by this, given the excitement around the NFT industry. In its recent announcement, Polygon unveiled a new partnership with Virtua to enhance its NFT marketplace. JUST IN: #Polygon partners with Virtua to enhance its NFT marketplace. — Watcher.Guru (@WatcherGuru) October 11, 2022 Following the sharp decline in its sales, many in the community avoided conversations about how NFTs were the way of the future. In the view of many, non-fungible tokens were just a passing trend. However, well-known platforms like Polygon didn’t stop seeing opportunities in the sector. Polygon and Virtua to aid in reducing fees and improving speed The new partnership aims to reduce the fees on Virtua ’s NFT marketplace, increase the speed, and mi...