• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Binance Founder CZ Receives Presidential Pardon From Donald Trump
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Binance Founder CZ Receives Presidential Pardon From Donald Trump
Polygon

Polygon Says Network Was ‘Developed Outside The US, Deployed Outside US’

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Polygon Labs, a renowned network, is emphasizing its international origins as it introduces “Polygon 2.0,” an extensive set of enhancements aimed at establishing the crucial “Value Layer” of the internet.

This revolutionary initiative by the company empowers users to engage in activities such as value creation, exchange, and programming.

Recently, Polygon Labs shared an intriguing tweet proclaiming that the non-US market holds unparalleled significance on a global scale. Interestingly, this message emerges during a time when the US government is adopting a less favorable approach towards cryptocurrencies.

Related Reading: Shiba Inu Scammers Use New Tactics To Steal Funds: What You Should Know

The Securities and Exchange Commission (SEC) has specifically mentioned MATIC, Polygon’s native coin, in ongoing lawsuits involving major platforms.

Given these circumstances, it raises questions about the implications for the network. Could this be an indication of an imminent move beyond the borders of the United States?

MATIC Faces Setbacks As SEC Lawsuits Prompt Delisting 

In the wake of being mentioned by the SEC in pending lawsuits involving Coinbase and Binance, the MATIC token has experienced a downturn. Consequently, Robinhood, a prominent trading platform, made the decision to delist the token, effective from June 27.

Responding to the SEC’s recent actions, Polygon placed significant emphasis on its origins beyond the US borders.

Polygon Ethereum

Image: Economic Times

Additionally, the company highlighted the crucial technical role played by the MATIC token, particularly in staking, which ensures network security for Polygon’s Proof-of-Stake (PoS) layer-1 network.

We are proud of the history of the Polygon network – developed outside the US, deployed outside the US, and focused to this day on the global community that supports the network. MATIC was a necessary part of the Polygon technology from Day 1, ensuring that the network would be…

— Polygon (Labs) (@0xPolygonLabs) June 10, 2023

Polygon Labs Advances With Polygon 2.0

Amidst recent developments, Polygon Labs is tirelessly working on Polygon 2.0, a comprehensive suite of upgrades that aims to revolutionize nearly every facet of the network.

Described as a roadmap to establish the Value Layer, 2.0 envisions unrivaled scalability and unified liquidity through the integration of Zero-Knowledge (ZK) technology.

Related Reading: Sberbank, Russia’s Biggest Lender, To Offer Crypto Asset Trading This Month

In a Twitter thread, the company said that 2.0 aspires to create a network composed of interconnected chains, powered by the innovative ZK technology.

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

This cryptographic technique enables a prover to validate a statement’s truthfulness to a verifier without divulging any additional information beyond the statement’s validity itself.

MATIC market cap slightly below $6 billion. Chart: TradingView.com

As Polygon Labs continues to drive innovation with 2.0 and its integration of ZK technology, it becomes evident that the company is positioning itself to capture global opportunities and establish the Value Layer on a worldwide scale.

As the network reveals more details about its technology in the coming weeks, the potential for the network to thrive outside of the US becomes an intriguing prospect worth closely monitoring.

Featured image from iStock

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Trump bespreekt crypto: je weet niets! 1000x crypto bull run onderweg

Trump bespreekt crypto: je weet niets! 1000x crypto bull run onderweg

41 minutes ago
Best Presales Live News Today: Latest Updates on Early Crypto Projects with 10x Potential (October 24)

Best Presales Live News Today: Latest Updates on Early Crypto Projects with 10x Potential (October 24)

6 minutes ago
Retail Investors Flock to Bitcoin Hyper Presale as Analysts Predict Explosive Growth

Retail Investors Flock to Bitcoin Hyper Presale as Analysts Predict Explosive Growth

1 hour ago
weex_bonus_cover

WEEX lansează o ofertă atractivă: 50% bonus și premii până la 20.000 USDT

1 hour ago
crypto

Canada’s AML Watchdog Slaps Cryptomus With $126 Million Fine Amid Major Compliance Lapses

3 hours ago
crypto

Crypto Market Structure Bill ‘Has A Good Chance’ Of Passing This Year – Coinbase CEO

5 hours ago

Premium Sponsors

Press Releases

  • Snorter Bot...

    5 hours ago
  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    2 days ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    2 days ago
  • Maxi Doge

    Защо Maxi Doge може да се окаже...

    2 days ago
  • 挖 1 枚比特幣耗電可供 61...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.