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Polygon Plans To Commence Its Hard Fork On Jan. 17

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Polygon team has outlined a hard fork proposal with plans to commence on Jan 17, according to a blog post on its website.

The proposed crucial upgrade would aim at reducing the severity of gas spikes and address chain reorganizations [reorgs] in an effort to reduce time to finality. 

As per the blog, the hard fork is expected to change the rate of the base gas fee, dropping from the current 12.5% [100/8] to 6.25% [100/16] in a bid to smoothen severe swings in gas prices.

Gas prices will still rise during periods of high demand, but they will be more in line with current Ethereum gas dynamics. The objective is to eliminate spikes and create a more continuous interaction with the chain, it claimed.

Next in terms of addressing chain reorganizations, the Polygon team proposed to reduce the “sprint length” from 64 to 16 blocks.

This according to the blog, meant a single block producer will produce blocks continuously for a much shorter time [~32 sec] than the current [~128 seconds]. Doing so will decrease the depth of reorgs. 

By decreasing the sprint length, the hard fork will help reduce the frequency and depth of reorgs and improve transaction finality. 

That being said, there would be no change in overall rewards as these abovementioned modifications are in no way connected to the number of blocks or how much time a validator produces.

The blog also answers some queries in its FAQ section.

All Polygon Nodes Will Need To Upgrade Before Jan 17

For instance, delegators and MATIC holders do not need to take any action to prepare for the upgrades. Additionally, dApps deployed on Polygon PoS will also be not affected.

However, all PoS nodes [sentry, full node, validator, or archive node] will be required to upgrade the Bor node before Jan. 17.

For those new, Matic’s existing PoS chain consists of two layers: One of them is the Bor [Block Producer Layer] which is responsible for aggregating transactions into blocks.

It needs to be reminded that Polygon faced technical problems last year. In March, the sidechain network went offline for roughly 11 hours due to a node issue.

And in December last year, a “critical network vulnerability” was patched by an unexpected [and contentious] hard fork of the Polygon blockchain.

Bitcoin (BTC) Stabilizes, Orbeon Protocol (ORBN) Is An Investment Must! Don’t Miss Out On Polygon (MATIC) 

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Making profits using cryptocurrency often involves focusing on two to three coins guaranteed to bring you a profit while forgetting the rest. In this article, we will take a closer look at some coins investors should own, such as Bitcoin (BTC), Polygon (MATIC) and Orbeon Protocol (ORBN), a young gun in the industry with a current public presale in stage 3.

>>BUY ORBEON TOKENS HERE<<

Bitcoin (BTC) 

Satoshi Nakamoto established the first cryptocurrency in 2009, Bitcoin (BTC).

Bitcoin (BTC) still reigns supreme as the most adopted cryptocurrency in the world, and its popularity has continued to grow. 

Companies like Microsoft and AT&T accept Bitcoin (BTC) as payment for their services. Bitcoin (BTC) is the number 1 coin in market cap and value, showing you that it is here to stay. 

2022 was very turbulent for the crypto king Bitcoin (BTC), like every other coin. Bitcoin (BTC), which reached its pinnacle in November 2021 and surged beyond $69,000 figures, is currently having trouble maintaining a price of $16,829. There are many reasons for this Bitcoin (BTC) price drop: the Russia-Ukraine conflict rose, the Terra (LUNA) drama and FTX collapsed. If you plan to Invest in Bitcoin (BTC), be careful – but as the longest-standing crypto to date, this giant has the potential to bring returns for anyone who gets involved. 

Orbeon Protocol (ORBN) 

Orbeon Protocol seeks to change the crowdfunding industry by creating the first investment platform where equity-based NFTs will be minted fractionally. These NFTs will be available to investors for prices as low as $1, while providing a new means of raising capital for investors.

Orbeon Protocol offers entrepreneurs a cutting-edge means to acquire funding while cultivating an extensive network of ardent backers. Businesses will also be able to achieve their goals at a fraction of the cost through the Orbeon Protocol’s NFTs-as-service. 

On the other hand, investors will have a platform to trade across multiple blockchains at a lower cost since Orbeon Protocol also has multi-chain capability! 

At the center of the Orbeon Protocol ecosystem lies the ORBN token. The ORBN token holders are also given rewards like passive income through staking and access to exclusive investor groups. 

Buying it now is the ideal time since the presale is brand new, and the token has a price of $0.0362, up 805% from its initial price of $0.004. Some experts even forecast that the ORBN token will reach $0.24, a 6,000% increase in the next few months! 

>>BUY ORBEON TOKENS HERE<<

Polygon (MATIC) 

Formerly known as Matic Network, Polygon (MATIC) asserts to be the initial user-friendly system that aids in addressing issues brought on by increased traffic on the Ethereum network. People can use Polygon (MATIC) coins to govern the network and pay transaction fees.

This past year was horrible for Polygon (MATIC) owners as their coin lost nearly 80% in value. It has not reached its all-time high of $2.91, as Polygon (MATIC) currently has a price of $0.799. 

This price decrease can be attributed to the fact that Polygon (MATIC) developers have not been very active in 2022. Polygon (MATIC) was dead last on the dev activity charts, according to a recent tweet by Santiment.

Something has to change for the Polygon (MATIC) project, as new rivals are constantly popping up. Will Polygon (MATIC) be able to reverse this negative trend and show green charts once more? Only time will tell.

Find Out More About The Orbeon Protocol Presale

Website: https://orbeonprotocol.com/

Presale: https://presale.orbeonprotocol.com/register 

Telegram: https://t.me/OrbeonProtocol 

Polygon: Whale Shuffles 9M MATIC Tokens To Binance

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Polygon’s native token MATIC was caught shuffling between exchanges among whales. Data from Lookonchain revealed that an unknown large-scale holder has transferred 9 million MATIC tokens that are worth roughly $8 million to Binance.

Drilling deeper, the whale has been on an accumulation spree as its address. This large holder has been receiving MATIC from exchanges and staking before, with a total of 153.4 million MATIC, and the average receiving price is $1.16.

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Polygon: Whale Shuffles 9M MATIC Tokens To Binance 3

For Polygon investors, 2022 was not a memorable year because the cryptocurrency ended the year with losses of more than 70%; however, the coin has had a more promising start to 2023.

The 10-ranked token kickstarted the new year on a positive note, rising by over 11% in the first week of January.

The reason behind this latest surge in the price of the coin has been attributed to the buying pressure from the Ethereum whales.

The top 500 ETH whales were buying up MATIC over the New Year, according to statistics from cryptocurrency whale tracking firm WhaleStats, as the token entered their top 10 list of most-bought coins.

These figures indicated that Ethereum whales have been favoring MATIC in the first two days of the year so far.

As for the Polygon ecosystem, its streaming app, savage, has landed a collaborative deal with electronic and smart appliance tech giant Samsung.

Polygon Has Become Tech Firms’ Favorite

The Savage App will be able to provide Web3 users with the highest-quality images and videos thanks to the cooperation.

The Savage Smart TV software would connect IRL displays and upload high-quality movies from any store [up to 8K]. The technology is based on the Layer 2 blockchain, as one might assume.

Another example of its high-profile alliances and moves in the industry is the Mastercard announcement that shone the spotlight on Polygon even more as Web3 development and discussion continued.

Mastercard said that it would launch the Mastercard Artist Accelerator on the Polygon blockchain at the Consumer Electronics Show in Las Vegas, Nevada.

The objective is to instruct musicians on how to advance their careers through forging fan connections, building a strong online presence, and minting NFTs.

Former Solana exclusive NFT project Yoots made an unexpected entry in December 2022 about switching from Solana to Polygon.

The NFT projects created on the Polygon network underwent a tremendous expansion with the help of this. Additionally, The Sandbox declared early in 2022 that it would join the Polygon network.

Why Matic And Ripple Investors Are Buying BudBlockz

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Matic and Ripple have been top 20 cryptocurrencies for a very long time. They are seen as good investments with relatively strong price performances compared to the rest of the market. Now, many of their investors are now buying into the new platform and ecosystem BudBlockz. 

The primary driver behind this shift is that recent volatility has stressed the importance of a balanced portfolio that should always consist of coins with different market caps and, ideally, be from different industries. This is why one reason explaining why Matic and Ripple Investors might be interested in BudBlockz, the new decentralized e-commerce marketplace for the cannabis industry. But there are several others.

Polygon (Matic) Investors Are Looking for Other Coins

Polygon is a decentralized Ethereum scaling platform focused on low transaction fees and high speed. Matic is its native token and is used for gas fees, just like ETH is used for Ethereum. This means that every dApp built on Polygon, and all of its users, need to buy Matic to use the platform. Consequently, the increased demand for the platform drives up the price of its token. This is what we have seen since Matic’s release in 2019. Over the last couple of months, this has become even more apparent, with prices tripling from June 2022, when it was around $0.4, all the way up to about $1.25.

However, the days of 100x increases are most likely over for Matic. With a market cap of about $7b, an increase of more than 10x or 20x is highly unlikely for the crypto coin. This is why Polygon investors are now looking for other coins with more growth potential, such as BudBlockz.

Why Ripple Investors Might Sell XRP

Ripple builds financial solutions for businesses with the aim of eventually replacing banks. The token XRP is the medium of exchange between two currencies or networks on the platform. XRP investors are well-known for their strong belief in the coin and the Ripple company. Their most loyal investors and fans still support them despite the 2-year long – and still pending – SEC lawsuit. At a market cap of about $18b, it is still a giant with a strong support level at around $0.20.

However, the impending risk posed by the ongoing lawsuit might drive XRP holders to sell, even at a loss. Even though the price fall has not been as severe for XRP compared to some other cryptocurrencies, Ripple has yet to regain the highs it achieved in 2017. This is another reason why Ripple investors might look for new opportunities.

Why Matic And Ripple Investors Are Buying BudBlockz

An attractive new opportunity seems to be coming in the form of BudBlockz, the first decentralized e-commerce marketplace for the cannabis industry. BudBlockz is not only a leader in the decentralized weed industry, but its token BLUNT is also still in the presale stage. This means you can buy it before it goes live on exchanges where it will likely be traded at much higher prices. And BLUNT is not just another governance token with no real value – it is used as the medium of exchange that is required to use BudBlockz. 

As such, BLUNT can be a great addition to a portfolio of big cryptocurrencies like Matic and XRP. The cannabis market only started opening up a few years ago, with global legalization slowly trickling in. Economists project a $176b market cap by 2030, meaning there is immense opportunity for growth once more jurisdictions follow the decriminalization trend. So, BLUNT is not only a great small-cap coin that you can buy early on, but it also has inherent growth potential due to the cannabis industry still being at a very early stage with vast upside potential.

Why Matic And Ripple Investors Are Buying BudBlockz – Final Words

Large-cap coins such as Matic and Ripple are considered safe crypto investments. However, their growth potential is limited, and a well-balanced portfolio is only complete with a few small-cap coins with huge growth potential, such as BLUNT. BudBlockz is not only a first mover in a potentially huge industry, but you can also still buy its token before it even hits the market.

Learn more about BudBlockz (BLUNT) at the links below:

Official Website: https://budblockz.io/ 

Presale Registration:: https://app.budblockz.io/sign-up 

BudBlockz Community Links: https://linktr.ee/budblockz

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All other major cryptos mentioned in this article are available to purchase from  leading exchange eToro 

FTX US Will Start Ethereum [ETH] And Polygon [Matic] Withdrawals Soon

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After a brief delay, FTX US will shortly begin Ethereum [ETH] and Polygon withdrawals, asking MATIC users to cancel their pending withdrawals and initiate a fresh request.

Earlier, FTX US alerted users that trading may be suspended on its platform in a few days. “Please close down any positions you want to close down. Withdrawals are and will remain open. We will give updates as we have them.”

Sam Bankman-Fried, the company’s founder and CEO, tweeted about his plans to rescue the troubled firm, insisting that FTX US is a different entity from its global business and is doing just well. “FTX US was 100% liquid and not affected “by this shitshow. Every user could fully withdraw.”

This is in contrast to FTX International, the global crypto trading company that’s currently seeking funding to fill a reported $10 billion deficit.

Although FTX US has been described as a separate entity from the global operation, the two businesses are in reality closely related.

This is because the FTX brand as a whole has been frequently utilized in sponsorship agreements in the US, for instance, and some of those deals have specifically been made with both FTX and FTX US.

Additionally, a report from Bloomberg on 9 Nov. stated that the U.S. Securities and Exchange Commission [SEC] and Commodity Futures Trading Commission [CFTC] is investigating FTX, its handling of customer funds, and the degree of closeness between the two entities.

The situation became even more problematic when Bankman-Fried allegedly leaked Slack messages in his public tweets indicating prospective fundraising that would inject money into both FTX and FTX US at the same time.

Meanwhile, the price of Bitcoin and Ethereum has fallen significantly over the previous 24 hours, resulting in a 10.6% decline in the overall market capitalization of cryptocurrencies, which now stood at $914 billion.

Ethereum Trading At Premium Range On FTX

Data showed Ethereum‘s price has dropped 8% in the previous 24 hours and is currently hovering at $1,274. As a result, the market value of the second-largest cryptocurrency has decreased by 74% from its previous peak.

Compared to Binance and other platforms, ETH was fetching greater prices on FTX. as traders are perplexed by the peculiar market dynamic. According to data from the graphing tool TradingView, ether traded at a premium of $1307 on FTX.

MATIC Supply On Exchanges Hit Lowest Level In 9 Months

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Supply of MATIC on exchanges plummeted to a nine-month low on Oct 26, falling to over $800 million, data from an on-chain analytics platform Santiment showed.

Typically, a negative correlation between its price and supply on exchanges may be seen in the token’s chart above. As a result, historically, an increase in price has been accompanied by a period of declining MATIC reserves at exchanges, and vice versa.

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MATIC Supply On Exchanges Hit Lowest Level In 9 Months 6

It indicates two things the exchange balances have been steadily declining. First, the pressure to sell is lessened. If market players want to sell their tokens or create yield, they frequently transfer them to exchanges. In either case, there is no holding mentality and a closer path to exchanging their tokens for other cryptocurrencies or stablecoins.

Second, private wallets [to hold] or decentralized finance protocols are most likely being used if users are transferring their assets away from exchanges. The value of the token and the use case for the Polygon are found in the latter.

MATIC is used, like ETH, to settle fees on its blockchain network. Increased use of the token could result from a lower supply of exchanges. And indeed, this is what is taking place.

Reddit nonfungible token [NFT] avatar trading and sales are growing at the same time as the enormous MATIC outflow from exchanges. On the blockchain, these digital treasures are minted as NFTs.

BitPay Adds Polygon’s MATIC Support

Polygon has scored significant adoption by well-known fintech organizations which is indicative of a probable MATIC price rise.

According to an official release, BitPay, one of the biggest cryptocurrency payment providers in the world, will now accept MATIC, Polygon’s native coin.

Users will be able to buy, store, exchange, and utilize MATIC as well as a number of other ERC-20 tokens on the ecosystem, such as USDC, DAI, BUSD, and WBTC, using the BitPay app.

On the price front, the token has surged by over 7% over the past day and by 10% over the past two weeks, at the time of writing this post.

Polygon and Ocean Conservation NGO Collaborate To Explore RV Odyssey

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The Ocean Conservation Exploration and Education Foundation (OCEEF) and Polygon, a decentralized Ethereum scaling platform, have joined forces to promote ocean literacy through more inventive, fun, and engaging ways to expose people to deep undersea expeditions.

One of the most cutting-edge ocean research boats in the world, the RV Odyssey, will be the subject of this cooperation, according to Polygon, which aims to provide interactive experiences via a governance platform. Through immersive and interactive encounters in the Metaverse, participants will be able to learn more about the cutting-edge research vessel.

Through study and even participation in shipboard operations, the alliance aims to give participants a significant voice in determining the future course of the vessel.

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Polygon and Ocean Conservation NGO Collaborate To Explore RV Odyssey 8

Polygon will aid in exploring the vessel via various web3 platforms

This effort’s common objective is to make sure that future generations continue to talk about the ocean and how to preserve it. In order to allow the general people to explore all of the ship’s amenities and real-time data through immersive, interactive experiences in the Metaverse, OCEEF is opening the doors to its cutting-edge research vessel, the RV Odyssey.

“Being able to facilitate a global endeavor such as the one that OCEEF is undertaking is very humbling.””I know that our technology is up to the task of bringing these types of immersive, educational, and change-making experiences to people all over the globe.”

said Sandeep Nailwal, co-founder of MATIC

When Polygon’s core team declared its intention to go carbon-negative by the end of the year and pledged $20 million to climate-related projects in April, the company’s own sustainability tale officially began. Since that time, Polygon has eliminated 104,794 tonnes of greenhouse emissions, which is more than the network’s whole historical CO2 debt.

The founder of OCEEF, Alex Moukas, participated in the Green Blockchain Summit 2.0, which was held last week and was sponsored by Polygon, to talk about the significance of this partnership and how the foundation intends to use Polygon’s blockchain technology to protect the oceans.

Polygon will also aid in providing the technology to access the vessel through various web3 platforms and help in deciding the future of the vessel.

Polygon (MATIC) On Rise After Announcing The Launch Of Accelerator Program

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Polygon (MATIC) started to rise on Monday morning after announcing a collaborative effort with Alpha Venture DAO and Icetea Labs to launch the inaugural Icetea Labs Accelerator Program for blockchain startups.

Along with the partnership announcement, Polygon Developers tweeted: Six startups were launched in Icetea Labs’ accelerator program powered by Polygon.

The Polygon (MATIC) price increased shortly after the announcement to $0.775263, up more than 5.0% from the previous day. In the past 24 hours, its trading volume has also increased by about 5.39%, according to data from CoinMarketCap.

On September 11th, according to Nomics Data, MATIC’s price began to drop steadily as it did with the rest of the crypto market. Trade volume was also low – decreasing from $1.29 billion on September 12th to $496.70 million on September 16th, while prices varied from $0.804935 to $0.691834

However, the token’s price began to increase slowly after September 20th. According to CoinMarketCap, the preceding week showed an improvement of 3.8%. The cost increased from $0.728306 on September 25th due to this new partnership.

Polygon (MATIC) Accelerator Program

Alpha Venture DAO is a collaborative-owned company in Southeast Asia that supports startups looking to succeed under the umbrella of Web3. Icetea Labs also acts as an incubator that helps nurture new projects through their research stage.

According to Polygon Developers, this three-part partnership will launch an accelerator program that will focus on mentorship, education, and business skills for promising Web3 startups in need of resources like funding and human capital from other successful startups already operating in this field.

They further claim that selected firms would receive intense training for eight weeks—a brief analysis of the stats for the first 250 applications to the accelerator. 73,000 people cast votes, with a 2% acceptance rate.

The projects in the inaugural cohort of the Icetea Labs Accelerator Program are also mentioned in the tweet’s comment section. The first project is Victory Point, and it’s a free-to-play, first- and third-person, AAA multiplayer shooter with P2E features built using Unreal Engine 5.

The second one is Trouble Punk | Cyber Gals, a battle royale-style online action game that prioritizes fun and captivating storylines. Gamers without tokens or Non-Fungible Tokens (NFT) can play in Free To Play (F2P).

Related Article: Starbucks and Polygon Collaborate to Ramp up Its Web3 Experience

Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today

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Since their introduction into the world’s financial market, cryptocurrencies have given the market a boost and contributed to its major growth and development. Old cryptocurrencies like Litecoin (LTC) and Polygon (MATIC) have provided a variety of use cases by helping to solve real-world problems. Keninah Concord (KEN) is a new cryptocurrency that aims to solve even more real-world problems by leveraging blockchain technology to help war victims. This article is centered around Keninah Concord (KEN) and how it intends to contribute to crypto adoption alongside Litecoin (LTC) and Polygon (MATIC). 

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Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today 12

Keninah Concord (KEN)

Focused on putting its community first, Keninah Concord (KEN) is a platform that aims to assist war victims from around the world to gain access to help through donations by integrating and utilizing cryptocurrency, blockchain, and its underlying technology to give efficiency and help this cause.

The Keninah Concord (KEN) platform is an open-source and fully decentralized platform that intends to engage and utilize all the benefits associated with decentralized finance (DeFi) powered by its community, give donors to war victims wholesome transparency and reliability, and ensure that the war recipients get prompt delivery of donations. 

The Keninah Concord (KEN) network also intends to achieve simplicity and accessibility by making its platform user and eco-friendly by providing features such as a payment gateway, a donations wallet, and a means of verifying on-chain transactions. 

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Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today 13

Does the Keninah Concord (KEN) Platform have a Roadmap?

Contained in its whitepaper, the Keninah Concord (KEN) platform has a roadmap that is divided into two phases. The activities that will occur in each phase are as follows:

  • Phase 1:
    • Core team formation. 
    • Website launch.
    • First token event. 
  • Phase 2:
    • MVP Release.
    • Second token offering with a fully functional product.
    • Beta Version release.
    • Listing on exchanges.
    • Expansion of team.
    • Final product rollout.

More information about the Keninah Concord (KEN) roadmap can be found in its whitepaper. 

The KEN Token Supply and Distribution

The KEN token, the native utility and governance token of the Keninah Concord (KEN) platform, has uniquely structured tokenomics, token supply, and distribution that make it unique and stand out from other tokens on the crypto market today. The KEN token will be built around smart contracts and supported by the Binance Smart Chain (BSC). 

The KEN token will have a total maximum supply of 5 billion tokens which will be allocated as follows: 

  1. 5% of the total supply will be allocated to the Keninah Concord (KEN) charity wallet where it will be distributed to charitable institutions and organizations around the globe. 
  2. 5% of the total token supply will be sold during the token’s private sale. 
  3. 20% of the total supply will be offered up for sale to the public. 
  4. 10% will be given to strategic investors in the Keninah Concord (KEN) platform. 
  5. 10% will be allocated to the founders and members of the Keninah Concord (KEN) community. 
  6. 10% will be allocated to the marketing team for the advertisement and public enlightenment of the Keninah Concord (KEN) token.
  7. 10% will be given to the platform’s advisors. 
  8. 20% will be allocated to the Keninah Concord (KEN) Foundation reserve. 
  9. 10% will be allocated to the Keninah Concord (KEN) liquidity pool. 

The Keninah Concord ecosystem is also offering users who purchase the KEN token using Ethereum (ETH) or Binance Coin (BNB) on the Binance Smart Chain (BSC) an 11% or 14% bonus respectively. 

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Looking to Gain Profits in the Current Financial Market? Try Keninah Concord, Polygon, and Litecoin Today 14

Polygon (MATIC) and Litecoin (LTC)

Formerly known as Matic Network, Polygon (MATIC) is a Layer 2 easy-to-use scaling solution for scaling on the Ethereum (ETH) blockchain network and the development of blockchain-related infrastructure. The Polygon (MATIC) Network is supported by Polygon SDK. Polygon SDK is the modular, flexible core component of the Polygon (MATIC) network that supports the building and development of different types of decentralized applications (dApps) on the Polygon (MATIC) network. The Polygon (MATIC) network effectively uses its features to transform Ethereum (ETH) into a multi-chain system by leveraging Ethereum’s vibrant ecosystem, security, and openness.

Founded in 2013 by early cryptocurrency and digital asset adopter Charlie Lee, Litecoin (LTC) is an altcoin that utilizes blockchain technology to enable the operation of fast, secure, and low-cost transactions on its network. Litecoin (LTC) was developed based on Bitcoin’s (BTC) code, however, Litecoin (LTC) possesses several distinguishing features from the pioneer cryptocurrency. For instance, Litecoin (LTC) has a relatively fast block time of 2 minutes and 30 seconds, and cheap transaction fees thereby making the Litecoin (LTC) protocol suitable for the operation and regulation of micro and small-scale transactions and Point-Of-Sale (POS) payments. 

The Polygon (MATIC) Network Mechanism of Operation

The Polygon (MATIC) network is secured by a combination of the Proof-of-Stake (PoS) consensus mechanism and Plasma Framework blockchain architecture. The Plasma Frameworks mechanism was proposed by Ethereum’s (ETH) creator, Vitalik Buterin. The framework enables the relatively easy execution and running of scalable and autonomous decentralized smart contracts. 

The Polygon (MATIC) team is focused on creating new features that will be built around this hybrid Plasma-PoS mechanism to expand and boost the network’s ability to cater to diverse needs from the Polygon (MATIC) ecosystem. The team will also ensure to develop the Plasma-PoS technology so that it can lead to the growth of a larger ecosystem through its scalability. 

Due to the unique hybrid mechanism that serves as Polygon’s underlying technology,  about 65,000 transactions are performed per block of each of the Polygon (MATIC) network’s side chains. These transactions occur with a respectable and particular block confirmation time of fewer than two seconds per transaction.

The Polygon (MATIC) network is powered by its native cryptocurrency governance and utility token known as MATIC. The token is an ERC-20 standard token that is built on the Ethereum (ETH) blockchain. The MATIC token has a fixed total maximum supply of 10 billion tokens and this makes the token deflationary. The token serves various use cases but it is mainly utilized by being burned as base fees on the Polygon (MATIC) network. Of the total maximum supply of the token, 19% was sold during the token’s initial launchpad sale in 2019. The remaining MATIC tokens are allocated as follows:

  • 16% is given to the Polygon (MATIC) team,
  • 4% is allocated to the network’s advisors,
  • 12% is distributed to the Polygon Network Operations,
  • 21.86% will be utilized as the Polygon (MATIC) network’s foundation tokens,  
  •  23.33% will be allocated and utilized as ecosystem tokens. 

What is Litecoin (LTC) all about?

Litecoin (LTC) is the second purest cryptocurrency in the world behind Bitcoin (BTC). Although Bitcoin (BTC) offers numerous benefits to its users and the world’s financial market as a whole, its network is plagued by several limitations including but not limited to slow transaction speeds and expensive transaction and gas fees. Litecoin (LTC) on the other hand has fast transaction speeds and is cost-efficient as its transaction fees are very cheap and nearly negligible. 

The Litecoin (LTC) protocol allows mining on its protocol as it utilizes the same consensus mechanism as Bitcoin (BTC) called the Proof-of-Work (PoW) consensus mechanism. The algorithm of this consensus mechanism allows transactions performed on the Litecoin (LTC) protocol to be processed quickly and without errors. 

LTC, the native token of the Litecoin (LTC) protocol has a total maximum supply of 84 million coins of which 70 million are currently in circulation. Find more information here.

Polygon Support Added by OpenSea Along With Other Features

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The layer two scaling solution, Polygon, has been included in the Seaport protocol implementation by OpenSea, the largest NFT market by volume.

OpenSea stated in June that it was abandoning the Wyvern protocol in favor of Seaport, an open-source marketplace protocol that has been examined by Web3 security companies OpenZeppelin and Trail of Bits. At the time, OpenSea claimed switching to OpenSea would result in an annual fee savings of $460 million.

“Starting today, we will begin using Seaport for all new listings and offers on Polygon! We’re excited to start using Seaport across multiple blockchains to improve the experience for everyone on OpenSea.”

Polygon support added to beat high Ethereum fees

The latest change was done in an effort to lower the price of Ethereum gas, make signature confirmation operations easier to read, and get rid of the necessity that new users pay an initial setup fee.

OpenSea announced the introduction of the new support in a blog post, stating that they were “happy to do so” after studying Seaport’s effects for several months and gathering helpful feedback. “We will add support for Klaytn and other EVM-compatible chains as well,” the statement continued.

Using Seaport on Polygon, according to OpenSea, allows for the introduction of a number of additional features, such as no listing thresholds, collection and attribute offer multiple creator rewards, and bulk transfers.

The capability to list and purchase on OpenSea using the Polygon network’s native token, MATIC, maybe the most significant new feature.

“As part of the shift to Seaport, OpenSea now supports using MATIC, Polygon’s native token, as a payment option. Anyone transacting on Polygon using OpenSea will now be required to pay for their own gas fees for transacting using MATIC.”

Other features include English and Dutch auctions, purchasing for another wallet, and native token support. etc.