MATIC Introduces New Scaling Solution Miden To Solve Ethereum Network Congestion

On the Ethereum network, transaction fees continue to be a huge problem. It can cost upwards of $200 just to get a $10 transaction through.  Polygon MATIC is introducing a new scaling solution, called Miden, to solve Ethereum’s network congestion problem.

• Polygon network announced the launch of an advanced zk based scaling solution that could potentially solve Ethereum’s network congestion. 

• Polygon’s Miden virtual machine will offer faster validation as it improves the efficiency of the MATIC network. 

• Polygon has generated over $610,000 in network revenue over the past week. 

• Analysts are bullish on MATIC, set a target of $6.72 for the end of the current bull run. 

Despite a drop in Ethereum transaction fees, the network suffers from congestion. MATIC network is addressing the congestion through its new scaling solution Miden. 

Read the article at: https://www.fxstreet.com/cryptocurrencies/news/matic-introduces-new-scaling-solution-miden-to-solve-ethereum-network-congestion-202111201505

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