The famous American entrepreneur and investor Mark Cuban revealed his strategic investment in Polygon, emphasizing his own use and support for the multi-chain approach of protocol Ethereum.
Investment released with Polygon SDK
With the main names ranking behind Ethereum, especially Goldman Sachs (Goldman Sachs) put forward an argument, the paper emphasizes the leading position of the network in the field of encryption, is expected to surpass Bitcoin, Mark Cuban (Mark Cuban) is One of the latest high-profile figures, he has invested to support the network. Polygon.
Polygon (previously known as Matic) aims to help solve the scale limitations that plagued Ethereum by providing the interoperability required to build and connect Ethereum compatible chains.
The company’s first layer 2 expansion solution will effectively benefit from the core functions of Ethereum based on the existing capacity of the network. For projects like decentralized finance (defi), they hope to avoid throughput bottlenecks and high fees that currently affect the Ethereum main network. The new solution aims to overcome these obstacles.
Cuban retained the terms and scale of his investment in Polygon, but did point out: “I am a Polygon user and find myself using it more and more.” He has plans to integrate Polygon into another one of his portfolio Blockchain business Lazy.com to help users seamlessly display NFT.
This investment coincides with the important advancement of Polygon, namely the launch of Polygon SDK. The SDK will enable developers to build custom independent chains that will be compatible with Ethereum’s growing set of modules. Polygon’s high-throughput and PoS consensus model not only helps fulfill its promise of cultivating a multi-chain ecosystem, it also supports “zero gas” transactions and near-instant confirmation.
The future version (final implementation) of the Polygon SDK will support more Tier 2 platforms, including Rollups and Plasma, and each platform will also promote greater scalability and throughput over time.
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