Ethereum has been making lots of headlines lately due to the important upgrades that the network has been seeing.
Merging of two important technologies
Now, it’s been revealed that Polygon, which is the popular scaling solution for Ethereum, and Mina Protocol, a lightweight, smart contracts platform, have announced a bridge to merge the two technologies.
“Pitched as the “world’s smallest blockchain,” the Mina Protocol weighs in at just a few kilobytes compared to Ethereum’s 300-gigabyte blockchain,” Decrypto notes.
This means that syncing the Mina network is now also much easier for the average user – in other words, instead of hefty hardware demands, you can run a full Mina node from your smartphone.
“Building a bridge between Polygon and Mina is an important step towards achieving our shared vision of a fully decentralized ecosystem of dapps that keeps users in control of their data.”
This is what the co-founder of Polygon, Sandeep Nailwal, said.
Bullish Ethereum predictions
The Block Crypto reported the news about this new prediction and said that the British banking giant Standard Chartered released its first reports on crypto the past day.
The firm highlighted a bullish view on both bitcoin (BTC) and Ethereum (ETH) but a more optimistic stance on the latter.
Standard Chartered believes that ETH’s total market capitalization will catch up to the one of BTC over time.
“The bank values bitcoin in the price range of $50,000-$175,000 over a longer-term, and ether in a $26,000-$35,000 range. But for ether to get there, bitcoin would need to first trade at $175,000.”
ETH is trading in the red, just like the other important coins in the crypto market, and the digital asset is priced at $3,329.
As you probably know by now, the other day, just following extremely important bullish news involving El Salvador accepting Bitcoin as legal tender, the BTC price fell and dragged the other important digital assets down with it.
Stay tuned for more news.