Polygon MATIC/USD is a Layer-2 scaling solution built for Ethereum, which aims to improve the speed while reducing the cost of transactions within the network.
This is achieved through the usage of side chains that work with off-chain computation and remain secure through Proof-of-Stake (PoS) validators.
The Mina Protocol integration as a catalyst for growth
On September 9, Mina Protocol announced that they are working with Polygon to implement support for the protocol on Polygon PoS.
This bridge is intended to enable developers that are building decentralized applications (dApps) on Polygon to take advantage of privacy and verifiability through Mina’s zs-SNARK-based protocol.
The Mina Protocol was pitched as the world’s smallest blockchain because it is only a few kilobytes compared to Ethereum’s 300-gigabyte blockchain.
This means that syncing the Mina network is easier for the average user and requires minimal hardware demands as a result.
This allows any user to run a full Mina node right from their smartphone.
That being said, this is made possible through the usage of zero-knowledge proofs, which is a privacy-centric type of cryptography.
Due to the fact that developers can now build applications on Polygon through the usage of Mina’s recursive zk-SNARK enabled applications or Snapps, we can expect a heightened usage and, as such, a higher demand for the MATIC token.
This demand could push the value of the token much higher, so let’s see if it is a worthwhile investment.
Additionally, last month, Polygon also announced its plans to build a decentralized autonomous organization (DAO), which also increased attention around the MATIC token.
Should you invest in Polygon (MATIC)?
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