Matic Rebrands as Polygon to Take on Polkadot Network

Part of Matic’s rebranding to Polygon will also see the project working on a system similar to Polkadot on Ethereum, using multichain architecture for scaling.

Matic Rebrands to Tackle Polkadot

Polygon uses Layer-2 secured changes and sidechains in its scaling solution for Ethereum. As well as Plasma and PoS which Matic pioneered, Polygon will use solutions like Optimistic Rollups, xkRollups, and Validium.

The project aims to allow projects to choose their own scaling solution rather than being forced into one option.

Polygon will create a “front against Polkadot” by enlisting Ethereum builders such as Anthony Sassano, Ryan Sean Adams, Hudon Jameson, and John Lilic as advisors. Polygon is also seeking new talent as it works towards further development.

The Binance-backed organization stressed that existing solutions like Matic PoS Chain and Matic plasma Chain remain online and continue to be developed under the new Polygon ecosystem.

Interestingly, while Polygon aims to compete with Polkadot, Acala’s new solution will potentially make the Polkadot and Ethereum ecosystems mutually compatible with one another.

Disclosure: The author held Bitcoin at the time of writing.

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article