Well this Got Messy: Polygon Teams Up With BitGo After A Controversial Hardfork Upgrade
It’s been a wild ride and things are just getting messier by the second. Polygon recently announced that they’ve teamed up with BitGo following a controversial hardfork upgrade.
So, what does this mean for the people who have invested in cryptocurrencies? Let’s take a look and break this down.
What is Polygon?
Polygon is a layer-2 scaling solution. It basically allows developers to build blockchain applications with much faster transaction speeds.
What is the Controversial Hardfork?
Polygon recently announced that they would be upgrading their network to a hardfork. This was met with quite a bit of controversy as it was seen by some as an attempt to change the rules of Ethereum and create a new type of Ethereum-based cryptocurrency.
Why Has Polygon Teamed Up With BitGo?
By teaming up with BitGo, Polygon has taken a much-needed step in the right direction. They are now providing financial and technical support for the hardfork, which should help to ease the controversy it had been generating.
What Does This All Mean?
Ultimately, this is a positive step for Polygon in terms of legitimizing their project and creating trust within the crypto community. With BitGo’s backing, this should also help to improve the chances of the hardfork being accepted.
For investors, this will also offer some peace of mind, as they now have a better understanding of what their money is funding.
The Takeaway
It’s been a wild ride, and it’s likely to stay that way. But at least now we have an idea of what’s happening with Polygon, BitGo and the controversial hardfork.
Let’s just hope that this move will help to smoothen out any bumps in the road.
And for all of us investing in crypto, just keep your eyes on the prize and you’ll be just fine!
