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Blockchain

Polygon Team Discusses Its Big Future Plans with LBank in AMA

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LBank Exchange held an AMA session with the Polygon team discussing Polygon’s achievements, collaborations, NFT and Gaming markets, Nightfall solution, future plans and so on. Here’s the summary of this AMA.

Dubai, United Arab Emirates–(Newsfile Corp. – November 5, 2021) – Ethereum is the most popular blockchain development platform, although it has drawbacks such as limited throughput, poor user experience, and lack of authority. Polygon, as a protocol and framework for creating and linking Ethereum-compatible blockchain networks, overcomes these barriers by aggregating scalable Ethereum solutions and providing a multi-chain Ethereum ecosystem.

Polygon Exceeds Ethereum’s Active Users

Polygon is a layer 2 aggregating solution which is built on top of Ethereum, and has accomplished great achievements since its inception. Moreover, its POS chain now hosts over 2000 DApps and handles more than 7 million transactions per day. As a matter of fact, Polygon now drives more active users on a daily basis than Ethereum.

Significantly, MATIC, the native-token of the Polygon Network is already available on trading platforms such as LBank Exchange with a current trading volume of over $1 billion. The Polygon team wants to see more individuals possess MATIC tokens, and it also wants to see MATIC’s trading volume on LBank Exchange expand.

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Enhancement Of Polygon Network

The team is very focused on implementing NFTs and gaming projects on Polygon to offer users more artwork and fun. Since the network has the potential to attract thousands of new users into blockchain, they consider NFT and gaming marketplaces as the crucial sector to focus on. Some of the most well-known gaming projects, including Decentral Games, Sandbox, Somnium Space, Vulcan Verse, and others, are already live on Polygon. OpenSea, Lazy.com, Autograph, and other NFT initiatives are examples.

Consequently, Polygon also provides for huge scalability, as minting costs on Polygon are 100,000 lower on average than Ethereum. Polygon also has products geared for enterprise customers who want privacy and scalability, such as Nightfall, a one-of-a-kind, privacy-focused Rollup that blends Optimistic Rollups with Zero-Knowledge (ZK) cryptography frequently utilized in ZK Rollups. It combines the two prominent technologies into a scalable and private hybrid.

In addition, the team anticipates that Polygon Nightfall will lead a significant number of transactions as it has the potential to attract huge corporations onto the blockchain. Besides, the team believes that it will also bring new projects and users to the Polygon ecosystem.

Future Holds Big Plans

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The Polygon team has some huge ambitions in the works. Polygon is significantly investing in ZK and ZK Rollup technologies on the technical side; for instance, the team has indeed spent $250 million on acquiring Hermez, a decentralized, open-source blockchain platform.

Polygon has also purchased four more teams to help them develop more ZK Rollup chains. Additionally, the goal of the team is to create highly scalable EVM-enabled ZK Rollup technology. Polygon will also be releasing updates to their POS chain as well as information on the deployment of EIP 1559.

Polygon’s Head of Growth, Arjun has shared some exciting updates on the commercial side which includes plans on DApps integrations as well. Significantly, he points out that LBank is working to improve its global branding. He also emphasizes that the team’s success is due to the community’s support, and that the team will continue to work with LBank Exchange to offer more Polygon projects and tokens to the community. The Polygon team will continue to update its official social media platforms, such as Twitter, with more information about future plans and news.

About Polygon

Polygon is an Ethereum-based layer 2 aggregating scalable solution that works with a multi-chain Ethereum ecosystem. The platform addresses blockchain issues such as high gas fees and limited speed without compromising security. It’s a framework and protocol for creating and linking Ethereum-compatible blockchains.

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Visit Us to Know more:

Website: https://polygon.technology/
Twitter: https://twitter.com/0xPolygon
Telegram: https://t.me/polygonofficial
Discord: https://discord.com/invite/polygon

About LBank

LBank is a rapidly expanding crypto trading platform that provides secure trading to individuals all around the world. The team intends to create professional crypto-asset integration services as well as a convenient trading platform. With over 6.4 million users worldwide, it has grown extremely popular.

Visit Us to Know More:

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Website: https://www.lbank.info/
Twitter: https://twitter.com/LBank_Exchange
Telegram: https://t.me/LBank_en
LinkedIn: https://www.linkedin.com/company/lbank
Facebook: https://www.facebook.com/LBank.info/

Contact Details:
LBK Blockchain Co. Limited
LBank Exchange
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102146

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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Blockchain

This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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