Is Polygon (MATIC) The New Ethereum Of The Crypto Industry?
The post Is Polygon (MATIC) The New Ethereum Of The Crypto Industry? appeared first on Coinpedia — Fintech & Cryptocurreny News Media| Crypto Guide
The Polygon network has been making a buzz in the crypto industry. As the numerous events revolving around the blockchain have been fathoming the fascination of residents from the crypto community. The protocol has been perceiving numerous adoptions in fresh times, which is overwhelming for savvy of the platform.
The Polygon network will be hosting the Mumbai Testnet on the 14th of December 2021. Which will include the London hard fork, and the EIP-1559. Polygon along with DeFi Pulse has developed the Poly Pulse Newsletter. Which is in addition to the startling number of adoptions and partnerships the network has been receiving.
Will Polygon Host A Burn Event?
As earlier stressed, the Polygon network will be hosting the Mumbai Testnet on the 14th of December 2021. Which will include the London hard fork, and the EIP-1559. Polygon will be implementing the EIP-1559 as per the Ethereum spec, and burning the base fee MATIC tokens on every block.
Since MATIC is an ERC-20 token on Ethereum Layer-1. The logic for burning the base fee will be implemented in a way that the tokens are actually burnt on the root chain. And not just on the Polygon PoS chain (L2). The Polygon team has asked the developers to upgrade their nodes before block 22640000, which hits approximately at 8 AM UTC on the 14th of December 2021.
Polygon To The Spotlight
Polygon along with Defi Pulse has developed the Poly Pulse newsletter. Which is expected to be one of a kind, that will curate the week for the savvy of the network. Who are keen to know where to get maximum returns, on which pools to deploy funds, alpha leaks, and the happenings in the network. Users can control the email notifications separately.
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