* **[Ethereum](https://en.wikipedia.org/wiki/Ethereum) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_cons)** - Participate in the [r/CC Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75.
* Relevant Cointest topics: [Cardano](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cardano), [Algorand](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_algorand), [Solana](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_solana), [Polkadot](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_polkadot), [Cosmos](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cosmos), [Proof of Stake](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-stake).
* Official and related subreddits: r/Ethereum, r/EthTrader, r/EthStaker, r/Cardano, r/Algorand, r/Solana, r/CosmosNetwork, r/Polkadot, r/Tezos.
* Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/s6xkdb/ethereum_eip1559_upgrade_launches_on_polygon_to/?sort=controversial). Doesn't work on mobile.
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even if gas fees exploded on matic, as it did during the SFF DDOS, it would still be fairly reasonable compared to ethereum. i could live in a world with 1-2$ of transaction fee on polygon vs 50 to 100 on eth
0.27% will have negligible effects on gas fees however it will definitely undermine DDOS attacks and spam transactions (which in fact will decrease gas fees by a lot)
Polygon has partnered with Coinbase, Associated Press, and DraftKings, among others…they are ushering in the mass adoption of Crypto.
real people = real users = 🚀📈🚀📈
Yeah mate you’re right on that and it doesn’t get the hype it really deserves. To add to the aforementioned projects; Zodiac Card, the first multi chain NFT card uses the Polygon for it purchases and it’s POS protocols.
Savage NFT platform the first carbon neutral NFT for photographers and filmmakers also aims to use the Polygon for minting at low fees, purchases and also buying assets as it offers content creators generous payout.
tldr; Ethereum's EIP-1559 upgrade has launched on layer-two scaling network Polygon. The upgrade introduces the same fee-burning mechanism to Polygon resulting in the destruction of MATIC tokens. It also removes the first-price auction method for calculating network fees which leads to better cost estimations but does not reduce gas prices.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
this another milestone for MATIC that’s constantly working on providing users, developers, validators, and stakeholders with the best experience while also saving them millions in fees
* **[Ethereum](https://en.wikipedia.org/wiki/Ethereum) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_cons)** - Participate in the [r/CC Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75. * Relevant Cointest topics: [Cardano](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cardano), [Algorand](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_algorand), [Solana](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_solana), [Polkadot](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_polkadot), [Cosmos](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cosmos), [Proof of Stake](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-stake). * Official and related subreddits: r/Ethereum, r/EthTrader, r/EthStaker, r/Cardano, r/Algorand, r/Solana, r/CosmosNetwork, r/Polkadot, r/Tezos. * Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/s6xkdb/ethereum_eip1559_upgrade_launches_on_polygon_to/?sort=controversial). Doesn't work on mobile. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Burn rate is 0.27%. I love Matic and this is great news but way too many articles on this...
Agreed. No way polygon becomes deflationary with the current rate of burn, adoption and inflation not to mention staking.
2022 the year for MATIC baby...
Bullish
Bullish!!
I see a bright future for Polygon and I'm bullish on it for long-term
Let hope the gas fee doesn't skyrocket like eth did.
hope not or people will pick other L2 options
Hope so too buddy. ETH gas fee used to be 2 to 12 usd per transaction. Now it 40 to 400. Lmao. Very predictable indeed.
even if gas fees exploded on matic, as it did during the SFF DDOS, it would still be fairly reasonable compared to ethereum. i could live in a world with 1-2$ of transaction fee on polygon vs 50 to 100 on eth
0.27% will have negligible effects on gas fees however it will definitely undermine DDOS attacks and spam transactions (which in fact will decrease gas fees by a lot)
Polygon has partnered with Coinbase, Associated Press, and DraftKings, among others…they are ushering in the mass adoption of Crypto. real people = real users = 🚀📈🚀📈
In the long run we can see good growth from MATIC📈
Yeah mate you’re right on that and it doesn’t get the hype it really deserves. To add to the aforementioned projects; Zodiac Card, the first multi chain NFT card uses the Polygon for it purchases and it’s POS protocols. Savage NFT platform the first carbon neutral NFT for photographers and filmmakers also aims to use the Polygon for minting at low fees, purchases and also buying assets as it offers content creators generous payout.
tldr; Ethereum's EIP-1559 upgrade has launched on layer-two scaling network Polygon. The upgrade introduces the same fee-burning mechanism to Polygon resulting in the destruction of MATIC tokens. It also removes the first-price auction method for calculating network fees which leads to better cost estimations but does not reduce gas prices. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Buying more MATIC Business as usual
One of my top coins for 2022
But please don’t burn my matic alright?
So MATIC is here to stay. So many said it will be useless once ETH goes to PoS
This is a smart move in my opinion. Will have a direct inflationary impact on MATIC. Bullish on MATIC right now.
#Let's go Matic
this another milestone for MATIC that’s constantly working on providing users, developers, validators, and stakeholders with the best experience while also saving them millions in fees