- Matic Network Rebrands as Polygon and Targets New Goals
The rebranding from Matic is part of a project overhaul that will see Polygon working on a system similar to Polkadot on Ethereum, using multichain architecture for scaling.
Polygon Tackles Polkadot
Polygon uses L2 secured changes and sidechains in its scaling solution for Ethereum. As well as Plasma and PoS which were pioneered by Matic, Polygon will use solutions like Optimistic Rollups, xkRollups, and Validium.
The project’s goal is to allow projects to choose their own scaling solution rather than being forced into one option.
Polygon will create a “front against Polkadot” by enlisting Ethereum builders such as Anthony Sassano, Ryan Sean Adams, Hudon Jameson, and John Lilic as advisors. Polygon is also seeking new talent as it works towards further development.
The Binance-backed organization stressed that existing solutions like Matic PoS Chain and Matic plasma Chain remain online and continue to be developed under the new Polygon ecosystem. Interestingly, while Polygon aims to compete with Polkadot, a new solution called Acala will potentially make the Polkadot and Ethereum ecosystems mutually compatible with one another.
Disclosure: The author held Bitcoin at the time of writing.
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