Polygon, Once a Scaling Leader, Eyes a Revamp
The post Polygon, Once a Scaling Leader, Eyes a Revamp appeared on BitcoinEthereumNews.com. Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech & Protocols team. In this issue: Sandeep Nailwal Takes Control of Polygon Foundation, Charts New Course, Retires ZkEVM Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap Bitcoin Core 30 to Increase OP_RETURN Data Limit After Developer Debate Concludes Plume Launches Genesis Mainnet to Bring Real-World Assets to DeFi Network News SANDEEP NAILWAL TAKES CONTROL OF POLYGON FOUNDATION, RETIRES ZKEVM: Polygon co-founder Sandeep Nailwal has officially assumed the role of CEO of the Polygon Foundation, marking a pivot in the organization’s leadership makeup and a sweeping overhaul of the network’s longterm roadmap. Nailwal, who launched the project in 2017 when it was still called Matic Network, will consolidate control and reorient the team toward AggLayer — Polygon’s new cross-chain liquidity protocol that promises seamless interoperability across networks. The foundation will also retire zkEVM, Polygon’s rollup network. “This renewed control marks the beginning of a strategic push for Polygon to reclaim its position at the forefront of Web3,” the team wrote in a press release shared with CoinDesk — Marguax Nijkerk Read more. ETHEREUM FOUNDATION’S NEW TREASURY POLICY: The Ethereum Foundation published an updated treasury policy, outlining a series of new plans around token sales, fiat purchases and transparency practices designed to ensure the organization’s “long-term agency, sustainability, and legitimacy.” The EF, a Swiss non-profit, plays a central role in the Ethereum blockchain ecosystem. In addition to employing researchers, builders and community liaisons, the foundation was granted a large trove of ether (ETH) tokens at Ethereum’s genesis which it uses to fund its operations and support other projects in the ecosystem. In a blog post, the foundation stated it plans to annually designate 15% of its…
The post Polygon, Once a Scaling Leader, Eyes a Revamp appeared on BitcoinEthereumNews.com.
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. We’re Margaux Nijkerk and Sam Kessler, CoinDesk’s Tech & Protocols team. In this issue: Sandeep Nailwal Takes Control of Polygon Foundation, Charts New Course, Retires ZkEVM Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap Bitcoin Core 30 to Increase OP_RETURN Data Limit After Developer Debate Concludes Plume Launches Genesis Mainnet to Bring Real-World Assets to DeFi Network News SANDEEP NAILWAL TAKES CONTROL OF POLYGON FOUNDATION, RETIRES ZKEVM: Polygon co-founder Sandeep Nailwal has officially assumed the role of CEO of the Polygon Foundation, marking a pivot in the organization’s leadership makeup and a sweeping overhaul of the network’s longterm roadmap. Nailwal, who launched the project in 2017 when it was still called Matic Network, will consolidate control and reorient the team toward AggLayer — Polygon’s new cross-chain liquidity protocol that promises seamless interoperability across networks. The foundation will also retire zkEVM, Polygon’s rollup network. “This renewed control marks the beginning of a strategic push for Polygon to reclaim its position at the forefront of Web3,” the team wrote in a press release shared with CoinDesk — Marguax Nijkerk Read more. ETHEREUM FOUNDATION’S NEW TREASURY POLICY: The Ethereum Foundation published an updated treasury policy, outlining a series of new plans around token sales, fiat purchases and transparency practices designed to ensure the organization’s “long-term agency, sustainability, and legitimacy.” The EF, a Swiss non-profit, plays a central role in the Ethereum blockchain ecosystem. In addition to employing researchers, builders and community liaisons, the foundation was granted a large trove of ether (ETH) tokens at Ethereum’s genesis which it uses to fund its operations and support other projects in the ecosystem. In a blog post, the foundation stated it plans to annually designate 15% of its…
What's Your Reaction?
