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Reddit Posts

r/CryptoCurrencySee Post

These Top 5 Altcoins Took a MASSIVE Hit This Week

r/CryptoMarketsSee Post

MultiversX (EGLD) Showing Signs of Recovery

r/CryptoCurrencySee Post

Today MultiversX entered the Korean market with EGLD/KRW pair on the Upbit exchange

r/CryptoCurrencySee Post

Crypto tax programs: looking for recommendations and to hear your reviews

r/CryptoMoonShotsSee Post

Public Sale on BHero: GoChargeTech: The Uber for EV Chargers and Power Bank Stations

r/CryptoCurrencySee Post

HODL is dead long live TP

r/CryptoMarketsSee Post

MultiversX (EGLD) Price Analysis

r/CryptoCurrencySee Post

What are your thoughts on MultiversX (formerly Elrond)?

r/CryptoMarketsSee Post

Native games in VR Mode; who's in?

r/CryptoCurrencySee Post

Help with various staking

r/CryptoCurrencySee Post

L1 portfolio allocation advice

r/CryptoCurrencySee Post

MultiversX (EGLD) set for Coinbase listing, igniting massive US market exposure

r/CryptoCurrencySee Post

With all of the bad news surrounding crypto, it seems like a great opportunity to buy the dip.

r/CryptoCurrencySee Post

Elrond rebranded to MultiversX. Here’s a brief overview of what it means and why the name isn’t as stupid as it unfortunately sounds

r/CryptoCurrencySee Post

Elrond(EGLD) rebrands as MultiversX, shifts focus to the metaverse

r/CryptoMarketsSee Post

Guardarian, the regulated and EU-licensed fiat gateway, has added native EGLD support into its services.

r/CryptoMarketsSee Post

Friday – funday? Today it seems like it. ETC (+71.69%), BTG (+49.18%) and LDO (+45.29%) showed the most active growth this week. There are not so many losers though: EGLD (-4.42%), QNT (-2.07%) and AR (-1.11%). Bitcoin’s price is $23.3k and Ethereum's is $1.6k. The global crypto market cap is $1.05T

r/SatoshiStreetBetsSee Post

Friday – funday? Today it seems like it. ETC (+71.69%), BTG (+49.18%) and LDO (+45.29%) showed the most active growth this week. There are not so many losers though: EGLD (-4.42%), QNT (-2.07%) and AR (-1.11%). Bitcoin’s price is $23.3k and Ethereum's is $1.6k. The global crypto market cap is $1.05T

r/CryptoMarketsSee Post

EGLD Price Analysis July 2022

r/CryptoCurrencySee Post

Devs are going nowhere in the bear market.

r/CryptoCurrencySee Post

Devs are going nowhere in the bear market.

r/CryptoCurrencySee Post

Devs are going nowhere in the bear market.

r/CryptoCurrencySee Post

Top 10 market market losers of the past 90 days

r/CryptoMarketsSee Post

Top 7 Altcoins For June 2022 - ADA, EGLD, XMR to Rebound?

r/CryptoCurrencySee Post

I didn’t see any update so just sharing on latest on EGLD drop & issues. Everything back up running, no one lost anything, great outcome at the end of the day.

r/CryptoCurrencySee Post

Saito Enables Web3 Crypto Support and adds Tron as the first test coin

r/CryptoCurrencySee Post

Saito Enables Web3 Crypto Support, add Tron as the first test coin

r/CryptoCurrencySee Post

Elrond just opened it's grand Ethereum Bridge

r/CryptoCurrencySee Post

Elrond (EGLD) Should You Buy Now ?

r/CryptoCurrencySee Post

Current downturn - Which L1s have the highest potential (and trust)

r/CryptoCurrencySee Post

Dealing with Emotions of Selling to Tax Loss Harvest

r/CryptoCurrencySee Post

Your portofolio now vs 3 months ago.

r/BitcoinSee Post

Crypto wallet

r/BitcoinSee Post

Crypto wallet u need to have...

r/CryptoCurrencySee Post

Employment Crypto Payment

r/CryptoCurrencySee Post

Elrond NFT staking went live

r/CryptoCurrencySee Post

One Year Alt-Coin DCA+ Experiment - Week 22 mid-week Update

r/CryptoMarketsSee Post

How to get a long term investment In DeFi

r/CryptoCurrencySee Post

BUY ELROND NOW! BEFORE IT'S TOO LATE!! EGLD Crypto News - Elrond (EGLD) Price Prediction 2021 - 2025

r/CryptoMarketsSee Post

15th March: RUNE and EGLD price digest

r/CryptoMarketsSee Post

15th March: RUNE and EGLD price digest

r/CryptoMarketsSee Post

15th March: RUNE and EGLD price digest

r/CryptoMarketsSee Post

15th March: RUNE and EGLD price digest

r/CryptoCurrencySee Post

Romanian central bank approves blockchain firm Elrond ($EGLD) to buy Twispay, an international payment processing platform

r/CryptoMarketsSee Post

How far has the crypto adoption come?

r/CryptoCurrencySee Post

Any thoughts on WhiteboardCrypto's price predicitions for EGLD, ONE and LINK?

r/CryptoMarketsSee Post

EGLD Price Analysis March 2022

r/CryptoCurrencySee Post

AMA with Nervos Network lead architect Jan Xie. Earlier today we had an AMA with Jan in our telegram group. Here’s what he had to say

r/CryptoCurrencySee Post

How do I learn about the REAL usage of crypto technology ?

r/BitcoinSee Post

Maiar

r/CryptoCurrencySee Post

How to earn 150% APR in EGLD on Maiar Exchange! Step by step guide

r/CryptoMoonShotsSee Post

DWARFCOIN - Strike the Earth! - Low MC

r/CryptoCurrencySee Post

Opinions on Elrond EGLD needed

r/CryptoCurrencySee Post

Best bargain on this red candle day?

r/CryptoCurrencySee Post

[not shilling] Why hasn’t the “alt L1” narrative picked up EGLD?

r/CryptoCurrencySee Post

Random Email turned Reddit post 😅 Revised with paragraphs. Sorry 🤦‍♂️

r/CryptoCurrencySee Post

Random email turned Reddit post? 😅

r/CryptoCurrencySee Post

What about EGLD?

r/CryptoCurrencySee Post

Popular Crypto Analyst Explains Why He Is Bullish on $ETH, $EGLD, and $MATIC

r/CryptoCurrencySee Post

Does anyone have any high APY farming projects that they would recommend?

r/CryptoCurrencySee Post

Elrond (EGLD) vs. Kusama (KSM) [2021]

r/CryptoCurrencySee Post

Portfolio discussions, what are you staking or Yield farming?

r/CryptoCurrencySee Post

This subreddit needs more Staking % and yield farming APY/APR % posts and whats good short term, whats good long term etc. Thoughts? My Portfolio at glance in text.

r/CryptoCurrencySee Post

Preparing portfolio for 2022 - Layer 1 DeFi edition

r/CryptoMarketsSee Post

What to expect from the new year.

r/CryptoMoonShotsSee Post

💎 Rewards, NFTs, Gaming | Super low market cap | Next 100x | European team | Fantasy-themed gem | whitepaper published ⚔️

r/CryptoCurrencySee Post

What is Elrond EGLD? Elrond EGLD coin Explained

r/CryptoMarketsSee Post

Coinjoy Daily Price Digest: AVAX and EGLD

r/CryptoCurrencySee Post

How Crypto.com scam they users millions

r/BitcoinSee Post

Btc

r/CryptoMoonShotsSee Post

Rewards, NFTs, Gaming | Super low market cap | Next 100x | European team | Fantasy-themed gem | whitepaper published

r/CryptoCurrencySee Post

Prince Floki V2 Disappearing on Metamask

r/CryptoCurrencySee Post

Prince Floki V2 coins lost on Metamask

r/CryptoCurrencySee Post

My experience at Maiar Staking

r/CryptoCurrencySee Post

One particular dip is still profitable

r/CryptoCurrencySee Post

Ledger officially adding Cardano, Solana, Crypto.Com and others in 2022

r/CryptoMoonShotsSee Post

Undervalued DeFi project taking the stablecoin niche one step further!

r/CryptoCurrencySee Post

A bit of warning on EGLD (Elrond)

r/CryptoMoonShotsSee Post

CoinMarketStore Token 🔥 Presale is Live 🔥 The King of Rewards is here! Join now!;?!

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CoinMarketStore Token 🔥 Presale is Live 🔥 The King of Rewards is here! Join now!*;!

r/CryptoMoonShotsSee Post

CoinMarketStore Token 🔥 Presale is Live 🔥 The King of Rewards is here! Join now!=!

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CoinMarketStore Token! 🔥 Presale is Live 🔥 The King of Rewards is here! Join now!.!

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CoinMarketStore Token 🔥 Presale is Live 🔥 The King of Rewards is here! Join now!_!

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CoinMarketStore Token 🔥 Presale is Live 🔥 The King of Rewards is here! Join now!:!

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CoinMarket Store Token 🔥 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021! Join now!*"?

r/CryptoCurrencySee Post

5 cryptos in the top 50 that no one here talks about

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CoinMarket Store Token 🔥 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021! Join now!ğ!

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CoinMarketStore TokenN 🔥 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021!?! Join now!!!

r/CryptoCurrencySee Post

$15,000 USD in MEX to be won! Just Explore the Maiar Exchange Testnet

r/CryptoCurrencySee Post

Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, ALGO, EGLD

r/SatoshiStreetBetsSee Post

Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, ALGO, EGLD

r/CryptoMoonShotsSee Post

CoinMarketStore Tokens. 🔥 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021! Join now!__;!

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CoinMarketStore Tokens. 🔥 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021! Join now!=!_

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Coinmarketstore Token 🚀 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021! Get in Here Fast!!! Huge Potential 🔥

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CoinMarketStore Tokens 🔥 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021! Join now!_!

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CoinMarketStore Tokens 🔥 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021! Join now!.!?

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1 Year Alt-Coin DCA Experiment - Week 7 Teaser/Mini-update

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Coinmarketstore Token 🚀 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021! Get in Here Fast!! Big Potential

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CoinMarketStores Token 🔥 Presale Coming Soon 🔥 The King of Rewards is here! Presale 07 December 2021! Join now!;;!

Mentions

My EGLD is safe!! Woohoo

Mentions:#EGLD

Tezos and maybe EGLD

Mentions:#EGLD

#Polygon Pro-Arguments Below is a Polygon pro-argument written by Maleficent_Plankton. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

#Polygon Pro-Arguments Below is a Polygon pro-argument written by Maleficent_Plankton. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

I made enough to buy a house, my dream car (truck) and start a business I have dreamed about for over a decade. Bought in 2018-20 and sold in 2021. Had some 50-70x’s (VET, ADA, EGLD). Took profits/sold everything. Made about $300k profit. Might not be life changing to some with lucrative career paths, but for my broke ass… a world of difference.

Mentions:#VET#ADA#EGLD

Let's go Europe, let's go EGLD

Mentions:#EGLD

I don't usually believe all these 'analysts'. But personally, I think Bitcoin & some (not all) altcoins have bottomed already. I mean, the likes of OCEAN, VRA, & EGLD are 80-90% off their ATH & their price action for the past weeks was sideways. Seems like a no-brainer & possible indicator to start scaling in.

That's good for the adoption and, most importantly, for EGLD bag holders :-)

Mentions:#EGLD

I invest in coins with innovative tech and a strong community. It's also a plus if it has something unique to offer. MultiversX (EGLD), Verasity (VRA) and Common Wealth (WLTH) are in this category.

Mentions:#EGLD#VRA

There are few notable coins missing on Trezor: SOL, EGLD, NEAR

It's common for newcomers to focus solely on price, but it's crucial to remember the importance of risk management and diversification. I've learned the value of a well-balanced portfolio that includes a mix of high-cap and low-cap tokens. For example, my portfolio currently includes ETH, BNB, EGLD, UTK, MONG, and VELO. By diversifying, I can mitigate risks and potentially increase profits in the long run

Personally, I think the DOGE hype is gone. PEPE even had a faster growth & the traction & attention is still there. I think it's best to invest in projects with good prospects. There are tons of options such as ARB, OCEAN, UTK, EGLD, etc. Their price action might be slow but R:R looks good.

ETH - NXRA - DOT - EGLD are all on my DCA List for this bull 👀

Elrond EGLD, which became MultiversX (wtf). I don't see it surviving. I could be wrong. There are many passionate shillers. But they've had a lot of misses.

Mentions:#EGLD

I still believe Multiversx EGLD is the future

Mentions:#EGLD

I took profit from it already, I bought UTK, and EGLD for a long-term hold, maybe I will wait a bit to ape back into PEPE

Yeah I did, I think I've somehow found some luck this year, got into ARB, made some profit on PEPE, and this, and now I've got enough to increase my long-term bags on ETH, MATIC, EGLD, AR, VRA, and RIDE.

Even a lot of crypto folks around me are hyping up for this. This one could be like EGLD ?

Mentions:#EGLD

#Polygon Pro-Arguments Below is a Polygon pro-argument written by Maleficent_Plankton. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

I once got EGLD airdrop for $5 and it went to $30 in pump. After they rebranded and aiming for NFT, I kinda lose interest since they aimed to compete ETH in the first place. However, hope the change is for the better.

Mentions:#EGLD#ETH

i love EGLD

Mentions:#EGLD

I still believe EGLD will hit $1000, it has a lot in plans, It acquired both Utrust and Twispay last year and will rebrand them to Xmoney, which will form a better payment method since it is the fusion of both web3 and web2

Mentions:#EGLD

#Polygon Pro-Arguments Below is a Polygon pro-argument written by Maleficent_Plankton. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find submissions for other topics.

EGLD. Swear my transactions transfer before I even click send.

Mentions:#EGLD

I did sell QNT long back, I got into SOL which also got me messed up but I was able to make some profit from other tokens like UTK and EGLD which I bought back in, tbh I don't know if I will buy QNT back but let's see it's possible

It started off as ERD (Elrond Network), then they changed to EGLD with a change of tokenomics (1,000:1 tokens), and now it’s MultiversX.

Mentions:#EGLD

Never expected to see EGLD, while I won’t fall on my sword it it the one out of my Tier 1 coins I like the best.

Mentions:#EGLD

EGLD. I see it in top 10 in the near / medium future.

Mentions:#EGLD

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

EGLD. Yes I’m also surprised by it

Mentions:#EGLD

Exactly, for me, I only invest around 30% of my portfolio and I have it staked like for UTK, EGLD, and DOT which means I might not unstake for the next 1 year or more depending on the market of course

Mentions:#UTK#EGLD#DOT

Liquidity and Volume mean more than Market-Cap. Bitcoin for example has a 2% Liquidity (offers placed on markets) of \~1 Billion USD. That means that 1 Billion USD worth of offers are within 2% of the current price. If you sold 500m USD worth of BTC right now, the price would drop by 2%. If you bought 500m USD worth of BTC right now, the price would go up by 2% For ETH that's \~400m; BNB \~60m; etc... Rank 20 is LINK with \~20m; EGLD on Rank 50 \~1.3m; Rank 100 \~900k; .... So, moving BTC by 2% is about 55,555x more expensive than moving a Rank 100 coin by 2%.

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

This is riskier because of impermanent loss, I prefer on-chain staking like I'm doing with UTK, EGLD, and DOT

Mentions:#UTK#EGLD#DOT

Good news! $EGLD, one i have on my radar. I havent bought any but im thinking about adding it to my portfolio 👀😎

Mentions:#EGLD

I started DCA at the beginning of this year actually, I have some staked like UTK, EGLD, and DOT, while others not staked like ETH, BTC, and ARB, I'm ready for the bull run any day any time

If BTC hits 40K then altcoin season is inevitable, I have a strong feeling ARB will melt faces, and even UTK EGLD, and DOT too

I also have expectations that the future of crypto is bullish and I am getting myself positioned by accumulating MEX, EGLD and RIDE which have been focused on development during the bear market.

Shilling a bit since i hold these but i been DCA’ing into DOT, EGLD, ALGO, ADA through the whole bear market

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

EGLD should be there too.

Mentions:#EGLD

I have zero BTC or ETH, and don’t envisage buying any until we move into the next bear after the up and coming bull, whenever that is! Value wise EGLD is the most but not by much in my tier one assets, with 4 others very close in value, which include DOT/FET/CRO/ZIL. Tier 2, with 8 or 9 coins, with each not to far off similar values and Tier 3 includes some higher risk long shots with much lower values in each. I keep buying the coins with the best value to me, in my portfolio. Some coins in tier two, which were early buys, will fall into tier 3 this year, such as ADA & ALGO!

r/CryptoCurrencySee Comment

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

r/CryptoCurrencySee Comment

Anyone else here have EGLD? Not sure about the project anymore and thinking of putting it all into BTC\ETH

Mentions:#EGLD#BTC#ETH
r/CryptoCurrencySee Comment

Only those who started crypto really early enjoyed mining with ease. Now Instead of mining, we can just stake. I stake UTK, ALGO, EGLD, and DOT and I get good APYs.

r/CryptoCurrencySee Comment

MultiverseX (formally Elrond/EGLD) Roadmap as well as the overall project is amazing. Wallets are absolutely the best I and most user friendly I have ever used. This is my "golden ticket". I did extremely well with this project the last run (bought at 12 and sold at 319)

Mentions:#EGLD
r/CryptoCurrencySee Comment

Quoted from Justin Bons on Twitter: 1/9) Tezos released enshrined roll-ups yesterday. Achieving massive scale while preserving decentralization.Utilizing the advantages of roll-ups without the disadvantages of L2 scaling. ETH should pay attention or get left behind; talk is cheap; scalable blockchains have arrived. 2/9) What makes these roll-ups "enshrined" is that they are a native part of XTZs consensus layer. This means no admin keys, no weird token economics, no permissioned elements & no KYC. While being perfectly interoperable & composable, solving the UX problem that has plagued L2s. 3/9) As all parts are part of a consistent whole. Non-native roll-ups always end up being a UX nightmare, as they all have different trust trade-offs. The dynamics of the free market ensure this to be the case. As for-profits compete, causing an inevitable diversity of choice. 4/9) It is this choice that leads to a terrible UX when enshrined roll-ups just work. I consider this technology to be the equivalent of L1 execution sharding (monolithic scaling). Tezos is not the only one to have achieved this milestone; sharding is also live on both EGLD & TON. 5/9) Execution sharding was always on ETHs roadmap until it was gradually & quietly removed last year. I have had discussions with ETH Core developers who told me that full execution sharding was impossible...We should be angry, as this pivot betrays the early promises of ETH. 6/9) The ETH community has to demand a return back to execution sharding as the focus for scaling. There is a massive amount of VC funding fueling L2 development which is corrupting the narrative. A consequence of orders of magnitude more funding for L2 development compared to L1. 7/9) Tezos has solved this problem with a native treasury. Combined with a system of on-chain governance that has been up & running since 2018. As this provides a source of funding that is biased towards the L1, not competing solutions. Tezos is a pioneer in blockchain governance. 8/9) We are going through a period in cryptocurrency history where the market is still highly speculative. What I think many people forget is that the value cryptocurrency can offer through utility is far greater than speculation alone. Soon we will leave that speculative phase. 9/9) As use cases start to take off unhampered by limited capacity or bad UX. Not scaling your L1 means leaving that value on the table. This value will always be picked up by competitors that can offer this capacity. The future is now, so scale to meet demand or get left behind!

r/CryptoCurrencySee Comment

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

r/CryptoCurrencySee Comment

EGLD all the way

Mentions:#EGLD
r/CryptoCurrencySee Comment

Perhaps we will find ourselves changing digital currencies when traveling to each country... for example, France $EGLD Brazil $HTR ... So we need a DEX like THORChain ($RUNE)

r/CryptoMarketsSee Comment

I believe you keep your cryptocurrency at the exchange. This is a mistake that could cause a huge loss if it went bankrupt. Personally, I would dump some coins and buy MultiversX ($EGLD) And I put them in my own wallet and stack them

Mentions:#EGLD
r/CryptoCurrencySee Comment

If MultiversX had Bitcoin's market cap of $537.4B, 1 EGLD would be worth $21.3k, an upside of 498x

Mentions:#EGLD
r/CryptoCurrencySee Comment

So I've got a reason to own all of these: MultiversX ($EGLD) THORChain ($RUNE) ... and few Hathor ($HTR)

r/CryptoCurrencySee Comment

Change EGLD's Marketcap to BTC

Mentions:#EGLD#BTC
r/CryptoCurrencySee Comment

DOT or probably EGLD

Mentions:#DOT#EGLD
r/CryptoCurrencySee Comment

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

r/CryptoCurrencySee Comment

I have no idea why but my EGLD is ripping

Mentions:#EGLD
r/CryptoCurrencySee Comment

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

r/CryptoCurrencySee Comment

EGLD

Mentions:#EGLD
r/CryptoCurrencySee Comment

Personally, I follow projects that have a ready product. like MultiversX ($EGLD) THORChain ($RUNE) ... and few Hathor ($HTR) NOTE: THORChain ($RUNE) is a DEX: with multi-blockchain. Ready and working hundreds of millions of dollars. And soon an order book

r/CryptoMarketsSee Comment

I'm bullish, and I think 30k for BTC is feasible on or before end of month. Dominance is still high. But if it drops, altcoins could have an epic run from here. MATIC, EGLD, CTSI, AZERO are some of the ones I'm expecting a great price action from.

r/CryptoCurrencySee Comment

You can now calmly think and choose projects with a future like MultiversX ($EGLD) THORChain ($RUNE) Hathor ($HTR) Without the pressure of monthly obligations to pay off debts..

r/CryptoCurrencySee Comment

me too. MultiversX ($EGLD) + THORChain ($RUNE). But AI is a new wave. 1% of its projects may find the light. High risk compared to ready-made products mentioned in the first comment.

Mentions:#EGLD#RUNE
r/CryptoCurrencySee Comment

It reminds me of how I sold MATIC, EGLD and all the other Binance Launchpad tokens right after their launch.

Mentions:#MATIC#EGLD
r/CryptoCurrencySee Comment

#Polygon Pro-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Polygon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. Submit an argument in the Cointest yourself and earn Moons if you win. Moon prizes are: 1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > **Background - Polygon is many-sided**. There's the main Polygon PoS network that acts as a sidechain to Ethereum, and then there are so many side projects, many of which deal with Layer 2: > > - MATIC: The main Polygon token, which is present on multiple networks > - Polygon PoS: The main Ethereum side-chain network that most are familiar with. It saves checkpoint state on the Ethereum network every [256 blocks (5 minutes)](https://research.binance.com/en/projects/matic-network). > - Polygon [Hermez](https://docs.hermez.io/#start-here-for-hermez-10-documentation): ZK-rollup Ethereum Layer 2 > - Polygon [Zero](https://blog.polygon.technology/introducing-plonky2/): A fast ZK-stark/ZK-snark hybrid solution built on the Plonky2 protocol. It proofs are theoretically [100x faster than current ZK proof calculations](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/). > - Polygon [Miden](https://blog.polygon.technology/polygon-announces-polygon-miden-a-stark-based-ethereum-compatible-rollup/): Stark-based ZK-rollup Ethereum layer 2 > - Polygon [Nightfall](https://blog.polygon.technology/zk-proofs-protocol-polygon-nightfall-launches-on-testnet-to-provide-low-cost-private-ethereum-transaction/): Enterprise version of Polygon that uses "ZK-Optimistic Rollups" (ZK proof for privacy and optimistic-rollup for scalability) > - Polygon Avail: Standalone network or side-chain solution > - Polygon Plasma Bridge: A legacy bridge that shouldn't be used anymore. > > This post will mainly focus on the Polygon PoS network. > > ------------------ > > **PROs** > > **Much faster and cheaper to use than Layer 1 Ethereum** > > The main benefit of using the Polygon PoS network is that it's an Ethereum side chain that provides faster and cheapers transactions for Ethereum tokens. It can process 1K-10K TPS with a [2-second average block time](https://polygonscan.com/chart/blocktime), which also has deterministic finality. The base fee is only 30 Gwei, and the total transaction fees hovers between [$0.1 to $0.5 USD](https://polygonscan.com/chart/transactionfee) (~4M transactions, ~30k total MATIC fees per day). > > This is also much cheaper than [optimistic rollups](https://l2fees.info/). > > **Largest Layer 2 network adoption** > > Among all the Layer 2 Ethereum solutions, Polygon PoS is completely ahead of every other competitor in terms total locked value with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2021), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. Note that this does not include the $12B market cap of the MATIC token since that's a coin/token on multiple networks. DeFi support for Polygon is massive. > > One of the main issues with Layer 2 is that most are currently walled gardens with lackluster CEX/CeFi support for on/offramps. After all, the main benefit of lower fees on Layer 2 is lost if you can't on/offramp directly. Polygon is also ahead of competition here with support from Crypto_dot_com, Nexo, Binance (international), and Kucoin. Celsius Network will also have support mid-February. > > Polygon PoS is the only other large network besides Ethereum currently [https://support.opensea.io/hc/en-us/articles/4404027708051-Which-blockchains-does-OpenSea-support-](supported on OpenSea). > > **Weak competition** > > There are so many Ethereum Layer 2 competitors, but nearly all of them are rollups. Polygon PoS works differently in that it's a separate network where the state of the network is stored on Ethereum every 256 blocks. Thus, it doesn't directly compete with them. > > In addition, it also doesn't compete directly with Ethereum killers (ALGO, SOL, ETH, ADA, EGLD, etc.) in that it's designed as a side chain specifically for Ethereum. It shares popularity and as Ethereum grows. > > **Shares Ethereum developer tools** > > Polygon and Ethereum share similar EVM development tools (including Solidity and Vyper), so it's easy for Ethereum's large number of devs to develop for Polygon. > > Many Layer 2 rollups have yet to roll out EVM support while Polygon PoS is already battle-tested. > > **Abundance of research** > > For better or worse, Polygon is working on multiple Layer 2 solutions and constantly researching different protocols. Polygon Zero in particular provides [extremely-fast ZK proofs](https://blog.polygon.technology/zkverse-polygons-zero-knowledge-strategy-explained/), and its technology might become the future leader for ZK rollups. > > ------------------ > > Disclaimer: I currently do not own any MATIC. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/qk4yjj/coin_inquiries_round_polygon_proarguments_november/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Polygon) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

r/CryptoCurrencySee Comment

50th is currently EGLD… moons with the same market cap of that would be $10.1 each

Mentions:#EGLD
r/CryptoCurrencySee Comment

Hahaha, same.. I was patient with EGLD for ages, and when it reached about my break-even point, I pulled out. Few days later.. shoots up to $300..$500.. Almost a year of being patient, and when I sell, it pumps a few days later lmao.

Mentions:#EGLD
r/CryptoCurrencySee Comment

Let’s see how long this pump will last. I have learned to steer away from shit coins. I am honestly lost how EGLD defi network works now, lost a good 9K with them.

Mentions:#EGLD
r/CryptoCurrencySee Comment

EGLD was a gem at the beginning, now it's just a pump & dump scheme after they switched from EGLD to MultiRektX...

Mentions:#EGLD
r/CryptoCurrencySee Comment

I had a generally great year in 2021 to offset it thankfully, just nothing close a single trade like that where I would have netted a million dollars after taxes. But no at the moment I’m accumulating low market cap stuff not top 25 projects. There’s as much garbage if not more towards the top nowadays than there is sitting between 100-200. Sold everything in December 2021, went almost all in on USD. Haven’t put much back in yet (still well below prices I sold at on projects I want to accumulate) as I’m wary about the US economy as a whole. My takeaway/lesson learned is similar though. Everything I sat on from 2018-19 aside from XRP pumped massively and all it took was patience. Stuff I bought later like EGLD and wasn’t as patient with, yeah I should have just waited for my turn. So moving forward I won’t be selling anything I have legitimate faith in short of disastrous news.

Mentions:#XRP#EGLD
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