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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