Polygon, represented by its token MATIC, has been at the forefront of blockchain technology, making remarkable progress in its development. The platform shared a recent release of Plonky3 on July 23, 2024. This latest zero-knowledge-proof system will shoot off Polygon’s capabilities even further.
Additionally, Polygon (MATIC) has secured a strategic partnership with Visa, aiming to power a CDK-based chain for decentralized payments in Africa. This could widen its adoption in emerging markets. A notable upcoming Polygon (MATIC) event is its migration from MATIC to POL tokens, scheduled for September 4, 2024.
This transition is a crucial part of Polygon’s 2.0 roadmap and is designed to improve the functionality of its Layer 2 ecosystem. Polygon’s Proof of Stake chain is already known for its impressive capabilities, handling up to 65,000 transactions per second and offering lower fees than competitors like Arbitrum (ARB) and Optimism (OP).
