Philippines Launches Blockchain Document Verification on Polygon Despite Network Outage
The Philippine government has officially launched its blockchain-powered system for securing and verifying key budget documents, choosing the Polygon network as its foundation. Despite facing a temporary outage on the same day, officials moved forward with the rollout, emphasizing the country’s commitment to transparency and innovation in public finance. The initiative, spearheaded by the Department […]
Polygon’s Heimdall Mainnet Suffers Brief Downtime
Polygon’s proof-of-stake blockchain faced a temporary disruption on July 30 when its Heimdall V2 consensus layer experienced an unexpected failure. The incident, which lasted roughly one hour, was triggered by a validator unexpectedly exiting the network, an event that the chain’s logic failed to handle correctly. The Heimdall layer plays a role in coordinating validator […]
Alameda Research Dumping Polygon Amid Price Spike
Alameda Research raised concerns by transferring 2 million Polygon (POL) tokens, worth $927,000, to Binance on November 23. The transfer of significant quantities of Polygon (POL) tokens by Alameda Research during a favorable market surge has raised concerns throughout the cryptocurrency community. A few hours ago, the struggling company communicated to a centralized exchange the […]
POL Price Soars 5% As Polygon Undergoes Major Upgrade
The Polygon upgrade required all network participants, including node operators and validators to update their nodes. POL, the native token of Polygon, saw a 5% price increase when the network was upgraded in Ahmedabad. This upgrade marked a huge step forward for the Proof-of-Stake (PoS) mainnet of the platform. We anticipate that the update will […]
INX, Backed Expand Tokenized Stock Offerings on Polygon
INX and Backed have expanded their tokenized stock trading platforms with Polygon blockchain listings for non-US investors. New listings on the INX platform for Tesla (bTSLA), Microsoft (bMSFT), Google (bGOOGL), and GameStop (bGME) are part of this expansion. A press release that was provided states that every digital token on the Polygon blockchain is backed […]