HomeNewsSky's the Limit: Ripple (XRP), Polygon (MATIC), and Avalanche (AVAX) Ascend with...

Sky’s the Limit: Ripple (XRP), Polygon (MATIC), and Avalanche (AVAX) Ascend with Upgrades in Sight

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  • Polygon’s zkEVM upgrade, named Etrog, is set to enhance compatibility and efficiency for Ethereum developers.
  • Ripple’s lawsuit developments and Avalanche’s Shrapnel GameFi project are other significant events influencing the crypto market.

Polygon zkEVM Upgrade: A Gateway to Enhanced Compatibility and Efficiency

Polygon is gearing up for a pivotal upgrade called Etrog for its zkEVM, moving towards a Type 2 ZK-EVM. This upgrade, scheduled for February 6, is a transformative step for the Polygon network, especially for developers in the Ethereum ecosystem. It promises seamless deployment of Ethereum code on Polygon’s zkEVM, requiring no modifications – a simple copy-paste process.

A Closer Look at the Etrog Upgrade

The Etrog upgrade will make it easier for developers to migrate their applications from Ethereum to Polygon, thanks to the introduction of five additional pre-compiled smart contracts. This feature enhances EVM-equivalence, allowing existing dApps to operate on Polygon without needing any adjustments.

The upgrade also includes a restructuring of transaction batch processing, aimed at improving network efficiency. Developers can currently test the Etrog upgrade on Cardona, Polygon‘s new Sepolia-anchored testnet. The 10-day timelock for the upgrade, which began on January 27, is an essential governance mechanism, allowing users to independently verify the upgrade and decide whether to keep their funds in the network.

Ripple’s Legal Developments and Avalanche’s GameFi Project

In addition to Polygon’s significant upgrade, the crypto world is abuzz with other key developments. Ripple (XRP) is on the cusp of crucial legal developments with the upcoming deadline on February 12 for the remedies-related discovery phase in its lawsuit against the SEC. The outcome of this phase could significantly impact XRP’s market performance.

Meanwhile, Avalanche (AVAX) is making waves in the GameFi sector with its Shrapnel project, set to begin early access on February 8. Developed by Neon Machine, a spin-off from HBO Interactive, Shrapnel is a blockchain-based shooter game that merges engaging gameplay with blockchain technology, potentially influencing both SHRAP and AVAX prices.

A Week of Transformative Developments in Crypto

This week in crypto is marked by transformative developments, from Polygon’s zkEVM Etrog upgrade enhancing developer experience to pivotal moments in Ripple’s ongoing lawsuit and the launch of Avalanche‘s GameFi project, Shrapnel. These events are set to shape the dynamics of the crypto market, highlighting the ever-evolving and innovative nature of the blockchain and cryptocurrency space.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: info@ethnews.com Phone: +49 160 92211628