Polygon launches zkEVM public testnet for Ethereum Layer 2 scaling network Hermez

    Polygon said on Oct. 10 that its zero knowledge-EVM public testnet for Hermez, which Polygon acquired last year for $250 million, went live. The company continues targeting the mainnet going live sometime in early 2023, calling it “the next step for Ethereum.” DeFi protocols Aave and Uniswap will also be launching on its testnet. At…

    Tether launches USDT stablecoin on Polkadot blockchain

    Tether, the company that powers the largest stablecoin by market cap and the 3rd largest cryptocurrency, announced the launch of Tether (USDT) on Polkadot. The launch will allow Tether to move in and out of the Polkadot network. Tether, the largest stablecoin on the market, continues to expand its footprint in decentralized ecosystems with the…

    Cardano ‘Vasil’ upgrade goes live, benefiting DeFi apps

    Cardano, the world’s 5th-largest cryptocurrency with a market cap of $15 billion, successfully deployed a highly-anticipated upgrade – ‘Vasil’ – on Sept. 23, aiming to improve network throughput and smart contract performance for DeFi Apps. The performance improvements are expected to benefit decentralized finance applications (dApps) built on Cardano, and some of them are set…

    Polygon rolls out zkEVM, a new scaling solution to cut Ethereum fees

    Web3 infrastructure provider Polygon announced the launch of Polygon zkEVM (zero-knowledge Ethereum Virtual Machine), which is set to become the first Ethereum-compatible scaling solution that uses the so-called “zero-knowledge proofs.” Thus, Polygon zkEVM aims to outpace Visa’s transaction throughput. Polygon first teased zkEVM at EthCC Paris in July 2021 and says it is designed to…

    Beginner’s Guide: What is Polygon (MATIC)?

    Polygon is one of the most popular Ethereum layer-2 scaling solutions with a booming DeFi ecosystem. Everything you need to know about it writes Jose Oramas on CryptoPotato. Polygon, formerly known as MATIC network, is a layer-2 scaling solution created in 2019 to address several limitations in the Ethereum blockchain, such as transaction speed, throughput,…

    The layer-2 solution brings Ethereum compatibility to the Cardano blockchain

    The Milkomeda Foundation has announced the launch of C1, a sidechain that is compatible with Ethereum Virtual Machine (EVM) and connected directly to the Cardano blockchain. In response to the rollout of this layer-2 solution, Cardano’s native token (ADA) has rallied more than 32% over the week, outperforming other major altcoins. According to a Monday…