How Polygon Could Be The Next Big Rally
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How Polygon Could Be The Next Big Rally
Polygon (MATIC) but feels like they are removing the matic part of it lately has been in the spotlight for a while now. With holding it's price pretty well we are also seeing major advancements to the blockchain later two of Ethereum.
Ethereum Moves To PoS
In just two weeks Ethereum is slated to move to proof of stake. Currently slated for September 15th and no delays as of yet is starting to paint a picture that this things actully going to happen. After years or waiting the change to proof of stake will be monumental for blockchain and for the entire crypto industry.
So far the backing from major apps is showing that even though miners might try and fight back a little the applications are what really matter (the use cases) Major exchanges and the largest NFT platform OpenSea has also voiced they will ONLY support the proof-of-stake version of Ethereum when the transition happens.
Ethereum Center Stage
We are starting to see a major shift taking place with Ethereum and just the entire blockchain overall. Where bitcoin falls short is transactions but not value. Ethereum somewhat backs this up but the value index of Ethereum I honestly expect to be massive by the end of this year. I'm putting a target of $5,000 per Ethereum as companies and people buy up Ethereum to be able to lock it up for Proof of stake. This also in my thoughts will cause DeFi to explode as value explodes for the token itself.
Where Ethereum falls short however are transaction fees and that's where our new possible mega bull run token comes in. Polygon
Polygon Offers Support and Solutions
Make no mistake about it Polygon is pretty centralized and controlled but with all honesty I don't see how a truly decentralized system would ever work and get things done. It would be so divided between people that without someone or a small group of people pulling the shots I feel everything would be a battle and never really get done.
Polygon is the solution to much lower fees and the ability to interact with Ethereum seamlessly through many of the new upgrades they are doing. The risk however is value could be sucked out of Polygon quickly when you try and convert to and from Ethereum causing net negatives but also on the flip side net positives.
The speed, lower fees and acceptance of polygon on most major applications will lead it to further be a increased token to be used. This is mainly because the switch to Proof Of Stake for Ethereum plays no factor in reducing fees on the network. Everything remains the same but locked up Ethereum and running a node wallet are what will now mine the token over GPUS.
What are you thoughts on Polygon?
Don't forget you can get started in DeFi with Polygon Matic through PolyCub which also offers up many options for your Hive tokens!
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I was introduced to polygon by polycub and ever since then I have bought some poly which are doing fine till now
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I also think that Polygon may have a good future and this is with or without the Ethereum merge
The polygon is good coin to consider for future and there no how the upgrade in blockchain will affect the coin
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I am pretty upbeat about Polygon, they have been getting a few projects to move over there recently.
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It's great that we are close to the Etherum move to proof of stake, I am hoping this move will bring massive strength to Blockchain
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I think Polygon has a decent future.
It has a pretty good use case in facilitating many of the transactional things of Ether at a much, much lower cost. Its' fees are low. It's speed is nominally good.
I personally am not the biggest fan however. Though its' speed is "good", I find the blockchain itself kludgy and unreliable at times. In comparison with binance, it just seems to choke a lot more often.
Whenever I hit confirm on a transaction I am never quite sure if it will happen in 30 seconds, 1 minute, 1 hour or never. They need to make their node system more robust I think.
Maybe I am just spoiled by BSC,
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