Egypt: Devaluation, Financial Support Mitigate Near-term Risks, But Challenges Remain

Georgia’s Credit Outlook Constrained By Geopolitical Sensitivities, Institutional Risks

France: Higher-than-expected 2023 Deficit Tests Fiscal Targets

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Durable Goods Orders Exceed Market Expectations; Core Orders Miss

Crude Inventories Fall By 6.4 Million Barrels

FXOpen Expands Share CFD Offering to Include Hong Kong Shares

US GDP Growth Starts 2024 Below Expectations

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Tech Giants Excel: Alphabet’s Dividend, Microsoft’s AI Growth, Snap’s Q1 Surge

DAX Index Today: ECB Chatter, Corporate Earnings and US Inflation

Bank of Japan Monetary Policy Decision Sends the USD/JPY to 156

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XRP News Today: SEC vs. Ripple Lawsuit Deepens with Consensys Legal Battle

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Bitcoin Cash (BCH) Long-term Holders Invest $76M Despite 7% Price Dip

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Polygon (Previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

Using Polygon, one can create Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required by the developer. 

Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum’s security, vibrant ecosystem and openness.

Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem. 

The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.

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