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Polygon’s much-anticipated EIP-1559 upgrade live on Mumbai testnet
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India-based Polygon network has been trending for a while now. Recently the Ethereum-powered network acquired a zero-knowledge (ZK) protocol developer, Mir, for around USD 400 million. Now, it is rolling out a testnet implementation that could possibly hike MATIC by 3X in the current cycle.
Polygon, a layer-2 scaling solution taking inspiration from Ethereum released a blog to address the latest development. As per the official blog, Polygon’s core development team:
“…is rolling out a testnet implementation of Ethereum Improvement Proposal (EIP) 1559 to introduce burning of its native MATIC token and better fee visibility.”
Needless to say, ETH, the largest altcoin was the first ecosystem to undergo this hard fork – also known as the ‘London
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