The polygon’s 6-month peak comes after the announcement of their new Javascript library.
Polygon, Ethereum’s widely used Layer 2 solution, has released a new javascript library for communicating with its own bridge. After being briefly disclosed, the protocol’s native token increased by double digits and hit a happy monthly high.
The native Polygon token’s price increased significantly in response to the matic.js release. MATIC rose from a daily low around $1.95 to a daily high of $2.4. This indicates a greater than 20% gain in less than 24 hours.
According to the announcement, a new open-source javascript library named matic.js would offer an API for depositing, withdrawing, and transferring funds on the Polygon network.
This is the most recent version (v3), which serves as a “holistic upgrade over its predecessor” and is already in use in various applications. Its purpose is to simplify programmers to design and deploy apps compatible with multiple ecosystems.
Support for the native Ethereum coin ETH, smaller packet sizes, and the ability for plugins to deliver distinct functions in individual packages are just a few of the new features.
This is the most current advancement in the Ethereum Layer 2 solution, which has also recently been incorporated into the PARSIQ platform as part of a tremendous effort.
Ethereum Layer 2
The world’s leading blockchain platform, Ethereum, allows developers to build and deploy their decentralized applications. This software helps companies process large amounts of transactions with high volumes of transparency and security.
Ethereum Layer 2 is an intermediary layer that operates on top of the Ethereum, which allows for off-chain execution. It enables developers to transfer assets, contracts, and data from one chain to another with high security.
ETH Layer 2 is a faster, cheaper, and more scalable version of the Ethereum network. It uses sharding to split computation across many nodes with minimal data storage required on each node.
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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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