Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » BTCS Includes Polygon in its Planned Staking-as-a-Service Platform

BTCS Includes Polygon in its Planned Staking-as-a-Service Platform

Kelly Cromley by Kelly Cromley
Apr 20, 2022
in Market News, News
Reading Time: 2 mins read
0

In a statement, BTCS Inc., a blockchain technology-focused corporation, announced the inclusion of Polygon to its blockchain framework operations. It used to be known as MATIC Network, but Polygon is currently an $11 billion layer-2 scaling platform for the Ethereum network. Polygon’s goal since its inception in 2017 has been to enhance Ethereum by reducing the cost of gas and speeding up transaction times.

When it comes to Ethereum scaling, Polygon offers a broad spectrum of tools to aid with non-fungible tokens, metaverse, and decentralized finance, as well as the accompanying transaction volume. Polygon is a layer-2 network that serves as an additional layer on top of the Ethereum blockchain. To put it another way, Polygon is an extension of the Ethereum blockchain that extends Ethereum’s capabilities by interacting with the Ethereum network.

240 validator nodes (similar to bitcoin mining) and 8,206 ETH have been staked to secure Ethereum’s consensus layer along with Polygon. Real time and low-cost transactions are the norm on Polygon.
Real-world illustrations of Polygon’s uses include payoffs and loans, as well as gaming. Michael Prevoznik, Chief Financial Officer of BTCS, stated “As of now, Polygon is centered on Ethereum, but it wants to promote additional blockchains and allow cross-chain compatibility across other protocols.”

Scaling systems on Polygon are responsible for approximately $5 billion in protected assets, 7,000 apps, 1 billion or more trades, and 100 million distinct user addresses in aggregate. As part of its Staking-as-a-Service platform, BTCS has finished the technical task required to operate the Polygon validation node. In order to validate blockchains, it is necessary to use IP, technological know-how, and routine maintenance. With 456,445 MATIC in the bank, BTCS has amassed a growing profit.

While validator node operators receive an annual percentage yield (“APY”) on the staked assets of their customers, staked asset payouts are subject to a charge in top of the APY. BTCS’ Staking-as-a-Service platform is based on the idea that staking MATIC and enabling users to stake MATIC to receive token payouts are both extremely scalable.

Previous Post

Cryptocurrency Exchange OKcoin Launches Zero Fee NFT Trading

Next Post

Crypto Oasis Partners GamesCoin Group to Unveil Blockchain Gaming Metaverse in the Middle East

Related Posts

Semiconductor Firm Sequans to Raise $384M for Bitcoin Treasury Expansion

Semiconductor Firm Sequans to Raise $384M for Bitcoin Treasury Expansion

by Mostafijur Rahman
Jun 24, 2025
0

In a bold move that signals the next phase of corporate crypto adoption, France-based semiconductor company Sequans Communications has announced...

Lympid Joins Mantra’s Accelerator to Tokenize Luxury Assets

Lympid Joins Mantra’s Accelerator to Tokenize Luxury Assets

by Kelly Cromley
Jun 24, 2025
0

Mantra, a Layer-1 blockchain focused on real-world assets (RWA), has confirmed that Lympid, a platform specializing in the issuance and...

guinevere-capital-partners-with-polemos

Guinevere Capital Partners with Polemos to Boost Web3 Gaming

by Kelly Cromley
Jun 24, 2025
0

Guinevere Capital, a well-established investment firm known for its focus on esports and gaming ventures, has confirmed a strategic partnership...

D'CENT Wallet

D’CENT Expands Web3 Reach with Taiko Partnership

by Kelly Cromley
Jun 24, 2025
0

D’CENT, a pioneer in biometric hardware wallets, has introduced Ethereum Layer-2 solution Taiko as the third featured partner in its...

chromia-partners-with-tac

Chromia and TAC Join Forces to Power Decentralized Telegram Apps

by Kelly Cromley
Jun 24, 2025
0

Chromia has formalized a strategic collaboration with TAC, a purpose-built Layer-1 network focused on resolving compatibility challenges between Ethereum Virtual...

fiserv

Fiserv Enters Stablecoin Arena with FIUSD Launch Plan

by Kelly Cromley
Jun 24, 2025
0

Global financial technology firm Fiserv has revealed plans to introduce its own stablecoin, FIUSD, along with a supporting digital asset...

Next Post
Crypto Oasis Partners GamesCoin Group to Unveil Blockchain Gaming Metaverse in the Middle East

Crypto Oasis Partners GamesCoin Group to Unveil Blockchain Gaming Metaverse in the Middle East

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

Semiconductor Firm Sequans to Raise $384M for Bitcoin Treasury Expansion
Binance Coin News

Semiconductor Firm Sequans to Raise $384M for Bitcoin Treasury Expansion

by Mostafijur Rahman
Jun 24, 2025
Lympid Joins Mantra’s Accelerator to Tokenize Luxury Assets
Market News

Lympid Joins Mantra’s Accelerator to Tokenize Luxury Assets

by Kelly Cromley
Jun 24, 2025
guinevere-capital-partners-with-polemos
Market News

Guinevere Capital Partners with Polemos to Boost Web3 Gaming

by Kelly Cromley
Jun 24, 2025
D'CENT Wallet
Market News

D’CENT Expands Web3 Reach with Taiko Partnership

by Kelly Cromley
Jun 24, 2025
chromia-partners-with-tac
Market News

Chromia and TAC Join Forces to Power Decentralized Telegram Apps

by Kelly Cromley
Jun 24, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree