Polygon

Polygon

Markets

Why Polygon's MATIC Token Has Lagged During Past Year's Crypto Rally

MATIC was overvalued at the start of the ongoing crypto bull run, one observer said.

Polygon co-founders Sandeep Nailwal, Jordi Baylina and Antoni Martin (Polygon)

Tech

Polygon Releases 'Type 1 Prover,' Claiming Milestone Set by Ethereum's Vitalik Buterin

The announcement means that existing EVM chains or optimistic rollups can connect to the prover without modification, then plug into Polygon’s newly released Aggregation layer, providing access to "all of the liquidity and value on Ethereum itself,” Polygon said.

Brendan Farmer, Co-Founder of Polygon (Shutterstock/CoinDesk)

Tech

Polygon Labs Cuts 19% of Staff, 60 Roles, for 'Enhanced Performance'

The Ethereum-focused developer firm attributes the layoffs to working more effectively, rather than financial reasons.

Polygon Labs CEO Marc Boiron (Polygon Labs)

Tech

As Blockchains Push Toward Decentralization, These People Serve as Ultimate Guardians

The goal of these "protocol councils,” sometimes called “security councils,” is to nudge these nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. How are they different from boards of directors?

Decentralized finance activity is starting to pick up. (Alina Grubnyak/Unsplash)

Tech

Celo, Shopping for Blockchain Partner, Turns to the Delicate Issue of Money

A standalone blockchain, Celo is looking to migrate to become a layer-2 network atop Ethereum. The months-long selection process has started to look like "The Bachelorette," with teams behind the Arbitrum, Optimism, Polygon and zkSync networks all vying to win the technology mandate.

Like the suitors courting Penelope in the Odyssey, Ethereum's biggest layer-2 teams are vying to win over the Celo blockchain. (John William Waterhouse, via Wikipedia.)

Tech

Polygon Plans 'AggLayer,' in Bid to Synthesize Modular, Monolithic Blockchains

The new "AggLayer," set for launch next month, relies on zero-knowledge proofs, a type of cryptography that Polygon Labs is betting on as a core underpinning of future blockchain architecture.

Polygon co-founders Sandeep Nailwal, Jordi Baylina and Antoni Martin (Polygon)

Tech

We Tried Fox's Blockchain-Based Tool for Deepfake Detection. Here's How It Went

Fox's new blockchain tool might not help consumers suss out deep fakes, but it could be a boon to publishers struggling to navigate the AI age. We kicked the tires on the new technology.

Verify authenticates the source of a Fox News image from an article about Elon Musk and deep fakes (Verify.fox, modified by CoinDesk)

Finance

Brevan Howard, Hamilton Lane Back New Tokenization Platform Libre

Freshly out of stealth, Libre is also working with Nomura’s Laser Digital unit and has been built using Polygon’s chain development kit by tokenization pioneer Avtar Sehra.

Avtar Sehra sits on a chair in front of a microphone (Libre)

Tech

Fox, Polygon Release Blockchain-Powered Tool 'Verify' to Weed Out Deepfakes

"Verify" is an open-source protocol built on Polygon's PoS blockchain, specifically used to establish the origin and history of registered media.

Screenshot from the new "Verify" tool showing a successful authentication – with transaction hash – of a Fox News article. (VerifyMedia/CoinDesk)

Tech

Polygon Stops Work on 'Edge,' Used to Build Dogechain, as Focus Turns to ZK

Polygon Labs, a developer of scaling networks for Ethereum, has shifted toward "Polygon CDK," a blockchain-development kit powered by zero-knowledge cryptography. The older "Polygon Edge" was used by Dogechain, in an unofficial effort to build a Dogecoin-oriented smart-contracts network.

DOGE Meme shiba inu (Atsuko Sato)