Tag: Matic Network

Matic Network Now ‘Polygon’ as Platform Targets Ethereum’s L2 Woes
Crypto News

Matic Network Now ‘Polygon’ as Platform Targets Ethereum’s L2 Woes

Ethereum startup Matic Network is rebranding to Polygon as it goes all-in on further Ethereum Layer 2 scaling solutions.The India-based firm is pivoting toward addressing Ethereum’s throughput problem with a forthcoming Layer 2 aggregation SDK that can host multiple technologies at once, according to a blog post shared with CoinDesk.The startup currently administers a proof-of-stake (PoS) Ethereum sidechain using the Plasma framework – a now out of favor Layer 2 solution that will continue to be hosted. Version 1 of the software development kit (SDK) for Layer 2 aggregation will be ready in March, Polygon co-founder Sandeep Nailwal said in a Telegram message.“Polygon will support multiple layer 2 solutions such as Optimistic Rollups (OR), zkRollups (ZKR), and Validium, ef...