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According to Polygon Labs, Polygon 2.0 will enable users to create, exchange, and program value on the internet. On June 12, Polygon Labs announced “Polygon 2.0,” a set of upgrades that seeks to establish the "Value Layer" of the internet , which the company says will allow users “to create, exchange, and program value.” 1/ Our vision for Polygon is simple: to build the Value Layer of the Internet. The Internet allows anyone to create and exchange information. The Value Layer allows anyone to create, exchange, and program value. Enter Polygon 2.0: a blueprint to build the ultimate Value Layer. pic.twitter.com/9eYSr3H1L5 — Polygon (Labs) (@0xPolygonLabs) June 12, 2023 According to an announcement shared on Twitter, “Polygon 2.0 is a set of upgrades that radically reimagine almost every aspect of Polygon, from protocol architecture to tokenomics to governance. It is a roadmap for how Polygon will become the Value Layer, offering unlimited scalability and unified liquidity...

While it may cause downside pressure in the short run, the Shanghai upgrade will be extremely bullish for Ether's price in the mid-to-long term, according to Vivek Raman. While it may have some short-term negative impact on the price of Ether (ETH), the upcoming Shanghai upgrade will be extremely bullish for Ethereum's native token, as it will attract more capital to staking and increase the network's security, according to Ethereum researcher Vivek Raman.  The Shanghai upgrade , scheduled for April 12, will allow network validators to withdraw funds that have been locked to secure the network since December 2020. The upgrade will complete the network’s transition to a proof-of-stake system, which started last October with the Merge. Around 18 million ETH will be available for withdrawal following Shanghai. According to Raman, that may lead to some selling pressure on ETH's price in the short term. However, in the long run, the ability to unstake Ether will “de-risk...

Holding gains above $1,750 remains a challenge for ETH, but derivatives data shows traders believe future downside moves will be limited to the most immediate price support. The price of Ether (ETH) declined 9.8% between Feb. 19 and Feb. 25 after the price resistance at $1,725 proved stronger than expected. Still, the correction was insufficient to break the 6-week-long ascending channel and did not cause Ether derivatives metrics to turn bearish. Ether (ETH) price index in USD, 1-day. Source: TradingView Ether's price resilience can be partially explained by the operational failure of some of its smart contract blockchain competitors. For instance, Solana (SOL) faced a 20-hour-long outage on Feb. 25, which was only resolved after a network upgrade coordinated by validators. The network restart also involved purging some of the latest slots, although Solana developers said that "no confirmed user transactions were rolled back or impacted." NEM (XEM) experienced a ...

As Ethereum's Shanghai upgrade approaches next month, one of the network's testnets has successfully upgraded, simulating the slated hard fork. The Ethereum blockchain's Sepolia testnet has undergone a successful upgrade that simulates the upcoming Shanghai hard fork that is expected to take place in March on the network's mainnet. The "Shapella" upgrade, which combines the names of the upcoming Shanghai and Capella hard forks, was successfully implemented on the testnet on Feb. 28. Sepolia testnet has success fully upgrade d to Shapella! Some of the Prsym validators are offline due to the old geth version. They will come online in the next 10 mins! Next stop: Goerli pic.twitter.com/pb43Gq7w9C — terence.eth (@terencechain) February 28, 2023 Shanghai is the fork’s name on the execution layer client side and Capella is the upgrade name on the consensus layer client side. One of the major changes enables validators to withdraw their staked Ether (stETH) from...