updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6114hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6114\ud83d\udcf2 Insider Info in my Socials \ud83d\udc49 https:\/\/guy.coinbureau.com\/socials\/
\n\ud83d\uded2 20% Binance Discount \ud83d\udc49 https:\/\/guy.coinbureau.com\/binance\/
\n\ud83d\udc55 My Merch Store \ud83d\udc49 https:\/\/store.coinbureau.com
\n\ud83d\udd25 TOP Crypto TIPS In My Newsletter \ud83d\udc49 https:\/\/guy.coinbureau.com\/signup\/<\/p>\n
~~~~~<\/p>\n
\ud83d\udcfaEssential Videos\ud83d\udcfa<\/p>\n
Matic Network Deep Dive \ud83d\udc49 https:\/\/youtu.be\/B4fmnSRYHMQ
\nBitcoin At Tipping Point \ud83d\udc49 https:\/\/youtu.be\/ZfRBFocbHog
\nNFT Market Analysis \ud83d\udc49 https:\/\/youtu.be\/DFEVUIK3bFk
\nEthereum Scaling Solutions \ud83d\udc49 https:\/\/youtu.be\/bz0y5zUZBaE<\/p>\n
~~~~~<\/p>\n
– TIMESTAMPS –
\n0:00 Intro
\n2:08 Matic Network Recap
\n4:41 Matic Polygon Rebrand
\n6:07 Polygon Explained
\n8:17 Polygon Updates
\n10:12 Polygon Adoption
\n11:58 Matic Price Potential
\n13:20 Could Ethereum Scaling Kill Matic?
\n15:49 Final Thoughts <\/p>\n
~~~~~<\/p>\n
\u26d3\ufe0f \ud83d\udd17 Useful Links \ud83d\udd17 \u26d3\ufe0f<\/p>\n
\u25ba Matic Network Architecutre: https:\/\/docs.matic.network\/docs\/home\/architecture\/matic-architecture\/
\n\u25ba Polygon Rebrand Deatils: https:\/\/polygontech.medium.com\/matic-network-becomes-polygon-ethereums-internet-of-blockchains-expands-mission-and-tech-scope-364932c02cd0
\n\u25ba Polygon Whitepaper: https:\/\/polygon.technology\/whitepaper.pdf
\n\u25ba Polymarket Explained: https:\/\/polymarket.com\/blog\/how-it-works
\n\u25ba Ethereum Optimism: https:\/\/optimismpbc.medium.com\/<\/p>\n
~~~~~<\/p>\n
\ud83d\udc68\u200d\ud83c\udfebMatic Network Recap\ud83d\udc68\u200d\ud83c\udfeb<\/p>\n
Matic Network uses More Viable Plasma. MVP involves creating copies of the Ethereum blockchain called child chains which periodically submit snapshots of their states to the parent chain. <\/p>\n
This parent chain is of course Ethereum, but Matic Network was designed to be blockchain agnostic, meaning any other blockchain can serve as the parent chain.<\/p>\n
\ud83d\udcb1Matic Polygon Rebrand\ud83d\udcb1<\/p>\n
In February 2021, Matic Network rebranded to Polygon. This marked the project\u2019s shift in focus from providing a single scaling solution to becoming \u2018Ethereum\u2019s Internet of Blockchains\u2019.<\/p>\n
The Matic Network is still alive and well \u2013 it has just become the first of many blockchain networks that will make up the Polygon ecosystem.
\nMore importantly, the Matic token will continue to be the token which powers not just the Matic Network, but the entire Polygon ecosystem.<\/p>\n
\u26d3Polygon Explained\u26d3<\/p>\n
Polygon has an architecture of its own that is divided into four layers. The first is the Ethereum layer, which all of Polygon\u2019s layer 2 blockchains will rely on for security and consensus. <\/p>\n
The second layer is the security layer which will handle Polygon\u2019s security as a service product. <\/p>\n
The third layer is the Polygon networks layer which handles interoperability between all blockchains created using the Polygon SDK. <\/p>\n
The fourth layer is the execution layer, which hosts on-chain and cross-chain smart contracts.<\/p>\n
\ud83d\udcc5Polygon Updates\ud83d\udcc5<\/p>\n
Polygon has partnered with dozens of cryptocurrency projects including The Graph, Chainlink, Atari, and Aavegotchi. The Matic token was also recently listed on Coinbase. <\/p>\n
\ud83d\udc68\u200d\ud83d\udc69\u200d\ud83d\udc67\u200d\ud83d\udc66Polygon Adoption\ud83d\udc68\u200d\ud83d\udc69\u200d\ud83d\udc67\u200d\ud83d\udc66<\/p>\n
In February, Polygon logged over 200 thousand unique users on the Matic Network. <\/p>\n
There are around 100 dApps built on the Matic network, though most of these don\u2019t seem to have very much engagement. <\/p>\n
The largest dApp on Polygon by TVL is currently Quickswap, a Uniswap clone which currently holds over 100 million dollars in crypto.<\/p>\n
\ud83e\udd11Matic Price Potential\ud83e\udd11<\/p>\n
The interesting thing about the Matic token is that even though it is used for staking, it has a fixed supply of 10 billion. A substantial portion of this supply has been set aside for staking. <\/p>\n
The issue is that many of the tokens which have yet to be issued are being unlocked every 6 months, which could suppress price action in the short term. <\/p>\n
However, given Matic\u2019s low market cap and the utility of the token combined with the uptick in usage, it is very likely that Matic could still increase by another 10x before the bull market is over. <\/p>\n
\ud83d\udc40Optimism vs. Polygon\ud83d\udc40<\/p>\n
Optimism has been in the works for well over a year and unlike other layer 2 scaling solutions, it does not have a token and was essentially with the express purpose of scaling Ethereum. <\/p>\n
Ethereum projects like Uniswap and Synthetix are already preparing to launch on Optimism, and Coinbase will support deposits and withdrawals directly from Ethereum\u2019s Optimism layer. <\/p>\n
Once Optimism goes live, this could put a dent in Polygon and other layer 2s.<\/p>\n
~~~~~<\/p>\n
\ud83d\udcdc Disclaimer \ud83d\udcdc<\/p>\n
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.<\/p>\n