Summary
- Polygon (POL) said a network upgrade reduced block time from 2 seconds to 1.75 seconds, giving it a theoretical maximum processing capacity of 3,260 transactions per second.
- The upgrade is intended to strengthen payment infrastructure for institutional investors, while Polygon is accelerating its push into the corporate stablecoin market with a privacy wallet powered by zero-knowledge proofs.
- Polygon said it plans to cut block time further to 1.5 seconds, and POL was trading at $0.099, up 0.60%% from a day earlier, according to CoinMarketCap.
Forecast Trend Report by Period
Polygon (POL) has shortened its block generation time for the first time since the network launched.
Cointelegraph reported on May 7 that Polygon implemented a network upgrade that reduced block time to 1.75 seconds from 2 seconds. The change gives the network a theoretical maximum throughput of 3,260 transactions per second.
The upgrade is intended to strengthen payment infrastructure aimed at institutional investors. Polygon has also been accelerating its push into the corporate stablecoin market by introducing a privacy wallet that uses zero-knowledge proofs to hide the sender, recipient and transaction amount.
Polygon plans to further reduce block time to 1.5 seconds.
As of 10:50 p.m. on May 7, POL was trading at $0.099, up 0.60% from a day earlier, according to CoinMarketCap.
Uk Jin
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