Polygon Starts Burning MATIC Tokens After Successfully Implementing Ethereum (ETH) Update

The layer-2 scaling solution Polygon (MATIC) has successfully implemented a much-publicized Ethereum (ETH) update and is now burning native MATIC tokens. Ethereum Improvement Proposal 1559 (EIP-1559) went live on the Polygon mainnet on Thursday, occurring on Block #23850000. EIP-1559 first introduced a highly anticipated fee-burning mechanism into the Ethereum network in August, meaning that each […]The post Polygon Starts Burning MATIC Tokens After Successfully Implementing Ethereum (ETH) Update appeared first on The Daily Hodl.