Polygon (MATIC) has regained the $0.60 price mark, showing weekly gains of over 16%. The network announced the launch of POL contracts on the Goerli testnet and proposed changes to the native token burning mechanism. Despite a legal victory against the SEC, the price rally was not significant. Polygon continues to address scalability issues and gain prominence in the DeFi space.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.has reclaimed the $0.60 price mark after initially struggling. Its token showed weekly gains of over 16% at press time and was trading at $0.62.that POL contracts will be live on the Goerli testnet. Two proposals setting forth potential changes to the native token burning mechanism necessary for future upgrades went live as well.
The network has now established a benchmark for new layer-2 protocols in the cryptocurrency industry. Overall, I believe that zkEVM has the potential to significantly improve the scalability, interoperability, and security of the Polygon network, which could help to attract more users and use cases to the network and position it as a leading player in the DeFi ecosystem.launched its ZK, it could not become the first L2 scaling solution, as the title was taken by zkSync. The solutionUpon asking ChatGPT about which one of them was better, it was hesitant to deliver a crisp response.
However, to get a better opinionated response from the AI friend, I tried to reeducate it by “jailbreaking” the AI. It was interesting to see a different response from ChatGPT after it was jailbroken.Apart from zkEVM, Polygon also has quite a few projects in the pipeline, which, too, have the potential to fuel growth in the future. For instance,Miden will allow anyone to execute a transaction and create STARK-proof for the network.
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