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Matic rebrands to Polygon in pursuit of ‘Polkadot on Ethereum’ strategy

Published 02/09/2021, 09:45 AM
Updated 02/09/2021, 11:20 AM
Matic rebrands to Polygon in pursuit of ‘Polkadot on Ethereum’ strategy
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The Matic Network, a project developing an Ethereum-based layer-two solution and an independent proof-of-stake blockchain, announced Tuesday that it would rebrand to Polygon. While the existing products and the token would remain largely the same, the new branding signals a strategic change to become a layer-two aggregator.

Polygon is set out to support other Ethereum scalability solutions, notably Optimistic Rollups, ZkRollups and StarkWare’s Validium, in addition to its in-house platforms. The strategy will be implemented through a new Polygon SDK, which will allow developers to build their DApps on a scalable and Ethereum-anchored infrastructure, without having to choose any technology in particular.

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