Bitcoin (BTC) $76,676.64 -0.54%
Ethereum (ETH) $2,124.82 0.26%
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Solana (SOL) 84.935901 -0.10%
Dogecoin (DOGE) $0.10 -2.33%
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Cryptocurrencies: 28960

Markets: 114116

Market Cap: $2,557,594,794,866

24h Vol: $95,209,059,350

CryptoGlobe

2023-02-07 03:30:51

Bloomberg Strategist: ‘No L2 Has Created More Network Effects for Ethereum Than Polygon’

Bloomberg Strategist: ‘No L2 Has Created More Network Effects for Ethereum Than Polygon’

Recently, Mike McGlone, a Senior Macro Strategist at Bloomberg Intelligence (Bloomberg’s research arm on the Bloomberg Terminal”), shared his thoughts on the impact of layer 2 (L2) scaling solutions on Ethereum. Polygon is “a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.” The Polygon Lightpaper describes Polygon as “a protocol and

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