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Mark Cuban Reveals Stake in Ethereum Layer 2 Scaling Solution Polygon – Bitcoin News


Renowned American entrepreneur and investor Mark Cuban has revealed a strategic investment in polygamy, highlighting his own use and embrace of the protocol’s multi-chain approach to Ethereum.

Releasing Polygon SDK with input

As the leading names are behind Ethereum, notably Goldman Sachs, which presented a thesis highlighting the network’s ability to overtake bitcoin in terms of crypto dominance, Mark cubano Is one of the latest high-profile figures to lend its support behind the network through investment in Polygon.

Polygon, formerly known as Matic, aims to help tackle the scaling constraints affecting Ethereum by providing the interoperability needed to construct and connect Ethereum-compatible chains.

The company’s leading layer 2 scaling solution will effectively benefit from the core features of Ethereum, building on the network’s existing capabilities. For projects such as decentralized finance (DFI) that want to avoid throughput barriers and high fees that currently affect Ethereum MainNet, this new solution is designed to overcome these barriers.

Cuban stopped the terms and size of his investment in Polygon but noted, “I was a polygon user and was using myself more and more.” Already, he plans to integrate polygons Lazy.com, Another blockchain business in their portfolio, to help users seamlessly display NXT.

This investment marks significant progress for Polygon, namely the rollout of Polygon SDK. The SDK will empower developers to create customized standalone chains that will be compatible with Ethereum with its growing modules. In addition to helping to deliver on its promise to develop a multi-chain ecosystem, Polygon’s high throughput and POS consensus model supports “zero-gas” transactions and near-instant confirmation.

Future iterations of the Polygon SDK, scheduled for final implementation, will support more Layer 2 platforms, including rollup and plasma, each of which will also promote greater scalability and throughput over time.

Are billionaires standing behind their favorite blockchain – Musk vs. Cuba? Tell us what you think in the comments section below.

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