Vitalik Buterin’s Insights on Cryptocurrency and a Significant Achievement for Polygon

Vitalik Buterin's Insights on Cryptocurrency and a Significant Achievement for Polygon

Ethereum Co-founder Vitalik Buterin

Ethereum’s co-founder is one of the most popular figures in the cryptocurrency markets, with some even considering him the living Nakamoto. Despite his young age, Buterin has accomplished significant feats and today heads Ethereum, known as “the computer of the internet.”

Vitalik Buterin’s Altcoin Commentary

Cryptocurrencies may seem to be mostly about speculative price movements, but they represent a significant technology. Moreover, this technology is rising on the shoulders of a vast number of developers from all around the world. Tokens have become a different type of mass funding here, and we have written at length about why the industry should be viewed from this perspective.

Polygon’s Milestone with Type 1 Prover

Polygon launched a new product announced last minute on Friday, which was a significant milestone. It caught the attention of many in the crypto community, including Vitalik Buterin. The market introduction of the Type 1 prover, developed to increase the scalability and interoperability of Ethereum-compatible (EVM-supported) networks through zero-knowledge proof, was exciting.

Vitalik Buterin wrote the following about this topic;

“Personally, my hope is that through a combination of improvements in ZK-EVMs and enhancements made to make Ethereum itself more ZK-SNARK friendly, everything will eventually become Type 1. In such a future, we will have multiple ZK-EVM implementations that can be used for both ZK rollups and for verifying the Ethereum network itself.”

This move, aiming to reduce transaction fees on the Ethereum network by 30/50 times, could solidify Polygon’s position in the industry in the long run.

MATIC Coin Commentary

Recent laudatory comments, support from crypto X, and the rise in BTC price are all supportive for the price of MATIC Coin. A commentator known as Mister Crypto pointed out that “this crypto has been left far behind in the bull run,” suggesting that those waiting to buy MATIC should act quickly before it’s too late. And of course, he cannot see the future and may be wrong in his prediction.

Crypto Rand highlighted the expected rise scenario for the altcoin after overcoming a significant resistance level. Cold Blooded Shiller was the third analyst to point out the uptrend, arguing that MATIC Coin is currently one of the best options for long-term thinkers.