Why Polygon Could Play a Key Role in Mass Blockchain Adoption Despite MATIC’s…

by Arthur · January 10, 2023

Research expert tipped Polygon to lead global modular blockchain adoption
MATIC traders’ interest waned after a small price drop in the last 24 hours

According to a January 9 research published by blockchain maximalist, “100 years“, Polygon [MATIC] has a critical role to play in mass modular blockchain adoption.

The article, released via Mediumreferred to Polygon’s plasma chain which introduced a series of modular blockchain products.

Read Polygon [MATIC] Price prediction 2023-2024

Everyone cheers for “all in one”

For the research specialist, who works in the Korean blockchain group, Decipher, Polygon Avail which can help ensure the validity of transactions can help with data availability in the modular blockchain system.

In addition, Avail’s ability to resolve executions in Layer-one (L1) and Layer-two (L2) sidechains may be a key part of the multichain vision of Ethereum [ETH] ecosystem.

In addition to the mentioned feature, the non-interactive zero-knowledge proofs can greatly contribute to the scalability and optimistic summaries. 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 aggregator and sequence computing. The Medium blog post read,

“By separating block creation from validation, the PoE solution removes the auction process and therefore allows more efficient and decentralized production of roll-up blocks, but this is still accompanied by some problems. The Sequencer and the Aggregator may cooperate or the computing resources of the Aggregator that has 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 project’s partnership with already established technology companies puts it in the front seat. Recently the Ethereum scaling solution collaboration with, among others, payment provider Mastercard.

MATIC rear pedals

Despite the increased activity within the Polygon ecosystem, it is development activity reached notable lows between January 1st and 3rd. However, data from Santiment revealed that the metric was in revival mode as it rose to 5.81 at press time. This meant an improved involvement of contributors dedicated to creating a perfectly functioning network.

MATIC price and polygon development activity

Source: Sentiment

A 41.67x hike on the cards IF MATIC hits Bitcoin’s market value?

Meanwhile, MATIC, the 10th largest cryptocurrency by market cap, had gained 7.88% in the past seven days. However, in the last 24 hours, the token has been shaken with a modest decline to $0.847.

Furthermore, Coinglass data showed that the price decline was followed by traders’ lack of interest in opening MATIC’s contract positions. According to the Derivatives Information Portal, futures open interest was in the red for the last 24 hours.