Research expert tipped Polygon to lead global modular blockchain adoption
Interest from MATIC traders slowed after a slight drop in price over the past 24 hours
According to a January 9 research released by blockchain maximalist, “100 years”, Polygon [MATIC] plays a vital role in the mass adoption of modular blockchains.
The article, released through Mediumreferred to Polygon’s plasma chain which introduced a range of modular blockchain products.
Read Polygons [MATIC] Price prediction 2023-2024
All hail the “all-in-one”
For the research specialist, who works at the Korean blockchain group, Decipher, the Polygon Avail, which can help secure the validity of transactions, can help with the availability of data in the modular blockchain system.
In addition, Avail’s ability to resolve executions in Layer-one (L1) and Layer-two (L2) sidechains could be an important part of the company’s multichain vision. Ethereum [ETH] ecosystem.
In addition to the aforementioned feature, the non-interactive zero-knowledge proofs can greatly contribute to scalability and optimistic rollups. According to the proposed Proof-of-Efficiency (PoE), 100Y compared it to the block validation mechanism in Ethereum’s roadmap.
However, he admitted that the consensus still faced challenges, such as the aggregator and sequence computing. Read the Medium blog post,
“By separating block creation from validation, the PoE solution removes the auctioning process and therefore enables more efficient and decentralized production of rollup blocks, but it still comes with some issues. The Sequencer and the Aggregator may collude or the Aggregator’s computing resources that have fallen behind the competition may be wasted.”
On the part of the driving forces behind Polygon’s mass adoption mission, the research noted that the web3 projects’ collaboration with already established technology companies ranks it first. Recently, the Ethereum scaling solution entered into a partnership including payment provider Mastercard.
MATIC coasters
Despite the increased activity within the Polygon ecosystem, it is development activity reached notable lows between January 1 and January 3. However, data from Santiment showed that the metric was in revival mode as it rose to 5.81 at the time of writing. This implied an improved involvement of contributors who were committed to creating a perfectly working network.
Source: Sentiment
An increase of 41.67x on the charts IF MATIC reaches Bitcoin’s market cap?
Meanwhile, MATIC, the 10th largest cryptocurrency by market capitalization, had gained 7.88% in the past seven days. However, in the past 24 hours, the token has shaken up with a modest drop to $0.847.
Furthermore, data from Coinglass showed that the price drop was followed by traders’ lack of interest in opening MATIC’s contract positions. According to the derivatives information portal, the futures open interest have been in the red for the past 24 hours.
Source: Coinglass
In the concluding sections of his post, the researcher said that he found Polygon unique in that it encompassed all parts of the modular blockchain.
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