Financial Firm EY Chooses Polygon to Scale Its Blockchain Products on Ethereum

Accounting firm Ernst & Young (EY) just announced that it would be using the Polygon protocol to implement its blockchain solutions on the Ethereum ecosystem. The firm said the new development would enable a future transition to less risky and more efficient public networks.  According to a recent press release, EY will adopt Polygon’s chain scaling solutions to uplift transaction volumes. This union will allow more predictable costs and settlements for business customers. The firm also disclosed it is engaging with Polygon blockchain scaling…

Ethereum L2 Projects Record a Total of $3B in Locked Assets

Recent data shows Ethereum's scaling solutions have locked assets amounting to $3 billion. The data tracks the total value of locked holdings in 17 different Ethereum L2 solutions. Arbitrum leads the list with $2.2 billion assets and a market share of 75%.  A Growing Interest in Layer 2 Projects Within the last seven days, Arbitrum made profits of more than 3000%. The project applies an Optimistic Rollup Technology in its operations. Thus, it allows the communication of smart contracts between Ethereum and Arbitrum's solution. …

Factors Driving the Price of a Crypto Project to Skyrocket

Cryptocurrencies continue to showcase outstanding crypto performance since the launch of Bitcoin in 2009. Global investors are looking forward to establishing financial stability with digital assets. Due to the growing interest, crypto prices are making a drastic shift to the top.  Still, in some scenarios, the market trend keeps decreasing for specific periods. A coin's bearish momentum creates fear and panic for users who believe in the future of the asset.  The opposite is a bullish market that records skyrocketing prices of…

Historical Hardfork Events Every Crypto Enthusiasts Should Know About

Blockchains have been gaining attention since the history of crypto. The highly advanced systems help decentralize and streamline financial systems globally. As the blockchain systems grow, investors start noticing issues and propose an upgrade. However, for any upgrade to occur, blockchain requires the consensus of all participants. If there is no consensus, two factions with opposite ideas may form. The developers may choose to go ahead with the upgrade but maintain the status quo in the original chain. At that point,…

Inflation Alert! Ethereum Records a Lower Issuance Level than Bitcoin’s

A lead analyst from IntotheBlock reveals that Ethereum's inflation level is decreasing. According to a tweet, ETH currently has a lower supply rate. The tweet also explains that several factors are triggering a dip in the coin's issuance level. A Decrease in Purchasing Power? The annual inflation rate of Ethereum hit 3574 ETH compared to bitcoin's 900 BTC. This figure translates to a 1.11% decrease while Bitcoin's rate stands at 1.75%. The tweet's thread details some elements behind the numbers,…

The Beginner Guide to Polygon (MATIC)

This article aims to give you a beginner's guide to Polygon. By the end of this article, you will have a better understanding of the following: What Polygon is? What Polygon offers?  The solutions Polygon offers to common blockchain problems.  You will also understand how to buy Polygon Matic tokens. Polygon In a Nutshell The idea for Polygon originated from the original Matic network, which acted as an effective scaling solution. Polygon (Matic) network is a highly secured Ethereum-based layer…

BTC Price Momentum is Back in Action, While ETH Reverses Losses

The bulls are back in control of bitcoin’s price action after the leading crypto bounced from a slump to a new weekly low at $44,012. The price has now recovered gains and is trading above $48K, per data from coinmarketcap.  The BTC price logged new multi-month highs of $48,630 on Friday, the highest level since the mid-May crash, proving that the bull market cycle is still on. The uptrend that has seen BTC jump nearly 7% over the past 24…

Cryptocurrency Transactions Skyrocketing; Bitcoin Maintains the $46,000 Level

Bitcoin’s price is stuck around $46,000 and has not moved higher even though there is some strong momentum and buying. Over the past few months, Bitcoin has been moving up and down by up to 50%. This week, it managed to cross above the 40,000 marks after being below the level for about two months. The cryptocurrency and blockchain market, in general, has risen to $8.7 billion in just the first half of 2021 compared to $4.3 billion in the…

Ethereum Makes a Bullish Statement Recovering From A Slight Price Plunge

On Friday 13th August, the prices of Ethereum continued with the long bull pattern, increasing to newer heights. ETH could soon go past its ATH if the trend continues. London fork and institutional support of the crypto world are receiving the credits for the continuous price surges.  Ethereum's Price Analysis The ETH coin was on a bullish pattern on Friday 13th, after initially losing the prices to below $3k just a day before. On Thursday, Ethereum's price plunged to $2984.…

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