This Ethereum scaling solution could grow 2-3x
Popular crypto channel host Coin Bureau says an Ethereum scaling solution has the potential to grow 200% by the end of the current bull cycle.
Analyst Guy said Polygon (MATIC) could see a 2-3 fold increase and more if kept on track.
“If you wonder how far MATIC can go before this bull market is over? A conservative estimate is 2-3 times as much.
Due to MATIC’s enormous market capitalization, further growth is unlikely.
That said, MATIC could take another big step, but it still depends on Polygon’s roadmap. “
Polygon’s roadmap was recently revealed by MATIC co-founder Sandeep Nailwal and identified five milestones to be achieved with the Layer 2 scaling solution.
These milestones include the introduction of Avail Side Chain, the Nightfall ZK Rollup scaling solution, a nameless, optimistic scaling solution, the introduction of dedicated sidechains for Ethereum and the introduction of enterprise sidechains.
Avail Side Chain “is a universal, scalable blockchain with a focus on data availability, which is geared towards independent chains, sub-chains and off-chain scaling solutions.”
Rollups are solutions that execute transactions outside the Ethereum chain but record transaction data, including optimistic rollup and zero-knowledge (ZK) rollup. Optimistic Rollup automatically assumes that transactions are valid, while ZK Rollup does offchain calculations and then sends validation reports.
According to Guy, the Polygon team intends to complete these additions early next year.
MATIC is trading at $ 2.07 at press time, down more than 5% over the past 24 hours.
Source: TradingView
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Author
Market
This Ethereum scaling solution could grow 2-3x
Popular crypto channel host Coin Bureau says an Ethereum scaling solution has the potential to grow 200% by the end of the current bull cycle.
Analyst Guy said Polygon (MATIC) could see a 2-3 fold increase and more if kept on track.
“If you wonder how far MATIC can go before this bull market is over? A conservative estimate is 2-3 times as much.
Due to MATIC’s enormous market capitalization, further growth is unlikely.
That said, MATIC could take another big step, but it still depends on Polygon’s roadmap. “
Polygon’s roadmap was recently revealed by MATIC co-founder Sandeep Nailwal and identified five milestones to be achieved with the Layer 2 scaling solution.
These milestones include the introduction of Avail Side Chain, the Nightfall ZK Rollup scaling solution, a nameless, optimistic scaling solution, the introduction of dedicated sidechains for Ethereum and the introduction of enterprise sidechains.
Avail Side Chain “is a universal, scalable blockchain with a focus on data availability, which is geared towards independent chains, sub-chains and off-chain scaling solutions.”
Rollups are solutions that execute transactions outside the Ethereum chain but record transaction data, including optimistic rollup and zero-knowledge (ZK) rollup. Optimistic Rollup automatically assumes that transactions are valid, while ZK Rollup does offchain calculations and then sends validation reports.
According to Guy, the Polygon team intends to complete these additions early next year.
MATIC is trading at $ 2.07 at press time, down more than 5% over the past 24 hours.
Source: TradingView
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Other Posts
Related Posts
Latest
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
Press Release
Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance
New York Techie Bagged $72M from $15K Investment in Ethereum — Here’s How BlockDAG Can Offer Similar Jackpot
