Polygon

Polygon Labs Cuts Staff Amid Economic Uncertainty

February 21, 2023 1 min read

Polygon Labs, the company behind Ethereum’s popular Layer-2 scaling solution, has announced a reduction in workforce by 20%. The decision to downsize was made as part of Polygon Labs’ consolidation process, in which multiple business units were merged. The layoffs will affect around 100 positions across multiple teams. Despite the tough decision, Polygon Labs has offered all affected employees three months of severance pay, regardless of their level of tenure.

Polygon’s zkEVM Layer 2 set for mainnet beta release in March

February 15, 2023 1 min read

Polygon is set to launch its new Layer 2 scaling solution, zkEVM, on March 27 with the aim of expanding the scaling capabilities of the Ethereum network. This zero-knowledge or ZK-Rollup scaling solution is expected to perform off-chain computations on a secondary layer, prioritizing security and enabling faster and cheaper transactions. According to Polygon, its zkEVM is equivalent to Ethereum’s Virtual Machine, meaning that the network is expected to support

Polygon (MATIC) explained in simple terms

December 9, 2022 1 min read

Polygon (formerly known as Matic Network) is a blockchain platform that provides a suite of tools and services for building and deploying decentralized applications (DApps). Polygon is designed to be an easy-to-use and scalable platform that enables developers to quickly and efficiently build and deploy DApps on the Ethereum network. Polygon uses a hybrid proof-of-stake and proof-of-authority consensus mechanism, which allows for faster and cheaper transactions than other networks. The

BitPay launches USDC and ETH payments over the Polygon network

October 26, 2022 1 min read

BitPay will begin accepting polygon-bridged cryptocurrencies like Ether, USDC, DAI, and wrapped Bitcoin later this week. On October 26, BitPay and Polygon announced the integration of Polygon on the BitPay app, allowing clients to spend Polygon-bridged ERC-20 tokens. Later this week, the BitPay app will explicitly prepare to allow payments in tokens such as the Polygon-based USD Coin (USDC). Circle created the USDC stablecoin on the Ethereum blockchain before transferring