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Polygon (MATIC): Could It WIN The ETH Scaling Race?? 🏎



📲 Insider Information in my Socials 👉
🛒 20% Binance Low cost 👉
👕 My Merch Retailer 👉
🔥 TOP Crypto TIPS In My Publication 👉

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📺Important Movies📺

Matic Community Deep Dive 👉
Bitcoin At Tipping Level 👉
NFT Market Evaluation 👉
Ethereum Scaling Options 👉

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– TIMESTAMPS –
0:00 Intro
2:08 Matic Community Recap
4:41 Matic Polygon Rebrand
6:07 Polygon Defined
8:17 Polygon Updates
10:12 Polygon Adoption
11:58 Matic Value Potential
13:20 May Ethereum Scaling Kill Matic?
15:49 Last Ideas

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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️

► Matic Community Architecutre:
► Polygon Rebrand Deatils:
► Polygon Whitepaper:
► Polymarket Defined:
► Ethereum Optimism:

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👨‍🏫Matic Community Recap👨‍🏫

Matic Community makes use of Extra Viable Plasma. MVP includes creating copies of the Ethereum blockchain known as little one chains which periodically submit snapshots of their states to the mum or dad chain.

This mum or dad chain is in fact Ethereum, however Matic Community was designed to be blockchain agnostic, which means every other blockchain can function the mum or dad chain.

💱Matic Polygon Rebrand💱

In February 2021, Matic Community rebranded to Polygon. This marked the challenge’s shift in focus from offering a single scaling answer to changing into ‘Ethereum’s Web of Blockchains’.

The Matic Community remains to be alive and effectively – it has simply change into the primary of many blockchain networks that can make up the Polygon ecosystem.
Extra importantly, the Matic token will proceed to be the token which powers not simply the Matic Community, however your entire Polygon ecosystem.

⛓Polygon Defined⛓

Polygon has an structure of its personal that’s divided into 4 layers. The primary is the Ethereum layer, which all of Polygon’s layer 2 blockchains will depend on for safety and consensus.

The second layer is the safety layer which can deal with Polygon’s safety as a service product.

The third layer is the Polygon networks layer which handles interoperability between all blockchains created utilizing the Polygon SDK.

The fourth layer is the execution layer, which hosts on-chain and cross-chain sensible contracts.

📅Polygon Updates📅

Polygon has partnered with dozens of cryptocurrency tasks together with The Graph, Chainlink, Atari, and Aavegotchi. The Matic token was additionally lately listed on Coinbase.

👨‍👩‍👧‍👦Polygon Adoption👨‍👩‍👧‍👦

In February, Polygon logged over 200 thousand distinctive customers on the Matic Community.

There are round 100 dApps constructed on the Matic community, although most of those don’t appear to have very a lot engagement.

The most important dApp on Polygon by TVL is presently Quickswap, a Uniswap clone which presently holds over 100 million {dollars} in crypto.

🤑Matic Value Potential🤑

The attention-grabbing factor concerning the Matic token is that although it’s used for staking, it has a hard and fast provide of 10 billion. A considerable portion of this provide has been put aside for staking.

The difficulty is that most of the tokens which have but to be issued are being unlocked each 6 months, which may suppress value motion within the brief time period.

Nonetheless, given Matic’s low market cap and the utility of the token mixed with the uptick in utilization, it is vitally possible that Matic may nonetheless improve by one other 10x earlier than the bull market is over.

👀Optimism vs. Polygon👀

Optimism has been within the works for effectively over a 12 months and in contrast to different layer 2 scaling options, it doesn’t have a token and was basically with the specific function of scaling Ethereum.

Ethereum tasks like Uniswap and Synthetix are already getting ready to launch on Optimism, and Coinbase will assist deposits and withdrawals instantly from Ethereum’s Optimism layer.

As soon as Optimism goes stay, this might put a dent in Polygon and different layer 2s.

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📜 Disclaimer 📜

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who shouldn’t be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any explicit final result.

#polygon #matic #ethereum #scaling #crypto #layer2

Source: Coin Bureau

30 Responses

  1. There is a currency similar to matic and that will make many people millionaires, it is the mtv multivac, it still has a low marketcap and it has just left mainet. The team is working hard to make partners and when the explosion starts it will be sudden.

  2. I have Decentraland(Mana) and Matic. Considering these 2 partnered does that affect my value at all? Kind of a stupid question. I guess I’m asking is it smart to hold both (I really love Decentraland)

    Or should I move polygon into something else seeing as I already have ETH and MANA?

  3. Passing a second crypto ban would be unconstitutional, yes. Unfortunately, India is not America and is a corrupt third-world country. Last year they passed two controversial farmer bills in parliament without a vote which was undemocratic. Please don't hold India to the same standards as developed countries. Also, now Tesla has sold its bitcoin can you do an updated video on matic please??

  4. It went up 10x because most alts did. I invested $100 in Bittorrent in Jan and it turned into $5500. I didn't make a YouTube video about how great I was.

  5. Legit. You called it. You explained it perfectly. You also explained the weaknesses of the team which made me respect your opinion that much more.

    And I just deep dived into your post on amp. And gonna attack that one next.

  6. <great post 🙌🏻Very detailed and precise video you put up mate I love your contents, it's funny how some people out there still haven't accepted the fact that cryptocurrencies continue to reshape the world globally, It's hard for anyone going against it these days, though from a trader's perspective I feel we really need more experts in the field updating newbies/investors on how the community works, lately the price of BTC has been fluctuating which means the market is currently open and you can't tell if it is going to bearish or bullish, this uncertainty pushes most traders away and forces investors to hold, I'd say it's outrightly wrong to just sit back and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stock up more coins should be our ultimate goal thereby making profits, it all depends on the pattern with which you trade and also the source of your strategies. I started with 2 BTC and I have accumulated over 5.5 BTC in just 4weeks, with the right trading strategy given to me by an expert trader Mr Clinton Robert. His methods are top-notch and profitable and he can be contacted easily on T e l e g r a m [ @clintoncryptotrading] and also whatsapp— (+ 4 4 7 4 1 7 3 9 6 4 3 4.) for Crypto related concern✊.

  7. <great post 🙌🏻Very detailed and precise video you put up mate I love your contents, it's funny how some people out there still haven't accepted the fact that cryptocurrencies continue to reshape the world globally, It's hard for anyone going against it these days, though from a trader's perspective I feel we really need more experts in the field updating newbies/investors on how the community works, lately the price of BTC has been fluctuating which means the market is currently open and you can't tell if it is going to bearish or bullish, this uncertainty pushes most traders away and forces investors to hold, I'd say it's out rightly wrong to just sit back and wait maybe incur some losses along the line, that's a wrong mindset for an investor because as an investor finding ways to always increase and stock up more coins should be our ultimate goal thereby making profits, it all depends on the pattern with which you trade and also the source of your strategies. I started with 2 BTC and I have accumulated over 5.5 BTC in just 4weeks, with the right trading strategy given to me by an expert trader MR Patrick Timothy .. His methods are top-notch and profitable and he can be contacted easily on T e l e g r a m [ @patricktims] and also WhatsApp—(+15852018593.)for Crypto related concern✊

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