Polygon (MATIC) Teasing Two Huge Product Releases Soon, Here’s What It Suggests

Tomiwabold Olajide

Polygon Teases Its Community About Two Huge Products Coming Soon

In a recent Twitter post, polygon teases its community about two huge products that will be released soon. It also references the multi-chain ecosystem, allowing the community to guess what it might be about.

As the community keeps its finger on the pulse of upcoming developments, it may be helpful to look back at the goals the Polygon network released in early 2022.

In a blog post At the very beginning of the year, Polygon recalled the highlights of the previous year, 2021, while announcing its main goals for early 2022. Here it talks about the EIP-1559 which brings a much requested upgrade to the network that will reduce the burning of MATIC tokens and better visibility of the fees.

It also indicated that Polygon Hermez and Polygon Miden could launch their public test nets in the second and third quarters, respectively.

In 2021, Polygon added six new products: SDK, Avail, Hermez, Nightfall, Miden and Zero, with a focus on ZK (Zero-Knowledge) cryptography.

In January, the London hard fork arrived on the Polygon mainnet, enabling the burning of the native MATIC token and better visibility of the fees while taking over the signals from Ethereum.

other developments

Polygon recently announced the groundbreaking news that it has been selected as the official blockchain platform of the Swiss city of Lugano. The city of Lugano will develop its blockchain infrastructure, with Polygon assisting.

Lugano, the largest city in the Swiss canton of Ticino, has declared Bitcoin (BTC) and Tether (USDT) “de facto” legal tender, along with the city’s LVGA Points token.

In what may not seem positive, the Polygon blockchain had a network outage earlier in March that caused Heimdall to stop functioning, necessitating a hard fork.

As U.Today previously reported, the Polygon (MATIC) network faced a network-wide problem that caused a transaction block and, reportedly, some downtime. Due to the outage, which caused Heimdall and Bor to crash, the Polygon team released a hotfix: a minor upgrade that fixes issues caused by the last update.

Leave a Reply

Your email address will not be published.