The post MATIC Token Burn Begins! EIP-1559 Is Now Live On Polygon ! What This Means To MATIC Price appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The Ethereum update that integrates a gas fee burn protocol has now been adapted to the Polygon layer-2 network. The layer-2 scaling network protocol launched the Ether upgrade on Tuesday.  The Ethereum fee burn mechanism was codenamed EIP 1559. EIP in the code name stands for Ethereum Improvement Proposal, the upgrade launched for the first …

Polygon scheduled the EIP-1559 network upgrade for next week and till initiate the burning of the MATIC tokens with the latest upgrade so let’s read more in today’s altcoin news. The leading ethereum layer-2 scaling solution Polygon announced that the long-awaited Ethereum improvement proposal EIP-1559 upgrade will go live next week. In the official announcement, […]