Altcoin Daily: Key Changes to Ethereum, Cardano, Polygon

June 21, 2023

In a recent video from the YouTube series “Altcoin Daily,” upgrades to Ethereum (ETH), Cardano (ADA), and Polygon (MATIC) were discussed, providing valuable insights for investors and crypto enthusiasts alike.

The video begins by highlighting the growing confidence in Bitcoin and Ethereum, as evidenced by net outflows from exchanges. This trend indicates that more of these cryptocurrencies are being withdrawn from exchanges for long-term storage, reflecting a reduction in selling pressure and a growing confidence in their stability and long-term value.

The video then shifts focus to the significant protocol upgrades being implemented by Ethereum, Cardano, and Polygon.

Ethereum’s Validator Balance Upgrade

Ethereum, the second-largest cryptocurrency by market capitalization, is contemplating a significant protocol upgrade. The core developers are considering raising the maximum validator balance from the current 32 Ethereum to 2048 Ethereum per validator. This change would allow large-scale staking operations to earn yield on amounts greater than the current cap. It’s a move aimed at improving the network’s efficiency and could potentially increase the attractiveness of Ethereum as an investment.

Cardano’s Epoch Transition Upgrade

Cardano, another major player in the crypto world, has recently implemented an upgrade aimed at making the blockchain smoother for network users. The upgrade changes how epoch calculations are made, speeding up network processes during the change in epochs. An epoch in the Cardano network is a time period that lasts roughly five days, during which new blocks are produced. This upgrade is expected to enhance the user experience and the overall performance of the Cardano network.

Polygon’s Zero-Knowledge Compatibility Proposal

Polygon, a popular scaling solution for Ethereum, has proposed a significant upgrade. The team behind Polygon wants to make its main chain compatible with zero-knowledge (ZK) technology. This upgrade would increase the chain’s security and make the blockchain framework more future-proof. Polygon currently uses a ZK roll-up, which went live back in March. If approved by the Polygon community, this major upgrade would bring increased security and make the blockchain more resilient to future challenges.

https://youtube.com/watch?v=8JBH0f3OIGY%3Ffeature%3Doembed
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