Advertisement
AD

Main navigation

Polygon (MATIC) Named by TIME as One of Most Influential Companies

Advertisement
Thu, 22/06/2023 - 8:00
Polygon (MATIC) Named by TIME as One of Most Influential Companies
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Polygon Labs has shared the exciting news that it was included on TIME's list of the 100 Most Influential Companies of 2023.

Advertisement

TIME, renowned for its annual "TIME 100" list, which highlights the most influential people globally, has expanded its scope to include companies that are making substantial contributions to various sectors.

In the 2023 edition of the list, Polygon finds itself among the notable names, solidifying its position as a transformative force within the digital asset sector.

Advertisement

This acknowledgment serves as a testament to Polygon's growth and its impact on the blockchain industry.

Related

This is because, over the past 18 months, Polygon Labs says it has released the fastest ZK proving system in the industry and launched the only EVM-equivalent zkEVM on the mainnet.

In the previous week, Polygon 2.0, a vision for unlimited scalability and unified liquidity powered by ZK technology, was launched. Polygon 2.0 represents a huge step forward for the Polygon ecosystem. A core part of the Polygon 2.0 vision is that every Polygon chain should be a ZK L2.

Polygon launches proposal for  Polygon POS upgrade

Polygon reveals that a proposal has been published to upgrade Polygon PoS to a zkEVM Validium, a first-of-its-kind, decentralized ZK Layer 2. This represents a major milestone for the Polygon ecosystem, as it would enable Polygon PoS to become a core part of the Polygon 2.0 ecosystem.

As a zkEVM Validium, Polygon PoS would inherit Ethereum's unmatched security while preserving low fees and high scalability.

If the proposal passes, Polygon PoS, $2 billion in assets, millions of users and thousands of apps would migrate to this technology in an upgrade that might go live on the mainnet by the end of Q1, 2024.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD