Polygon (MATIC) announced its new combustion mechanism EIP-1559 with its official channel.
Polygon, which occurred on the Ethereum blockchain on August 5 and allegedly one of the biggest changes in crypto history EIP-1559 protocol, “Mumbai Testnet“He started it. Since the transaction fees in this protocol are determined according to supply and demand, changes made in the transfer amount will not reduce the fees paid for the transactions.
Max supply of Matic Since it is 10 billion, it is thought to have a deflationary effect on the network..
Polygon said in a statement:
We rely on the experience of Ethereum’s EIP-1559 upgrade to mitigate the impact on MATIC’s overall supply. The analysis you see here suggests that annual burning will burn 0.27% of the total MATIC supply.
said.
in polygon Users of decentralized applications (dApps) are said to benefit from more predictable transaction fees. Disadvantage on the other hand, since the one who pays more fees will have priority in the transaction, MATIC’s it will look less like its old structure and made in Ethereum similar to transactions A processing fee will be charged.
In the last seven-day period, approximately 21.50% due to the correction in bitcoinAccording to CoinMarketCap data at the time this article was written, MATIC 1.82 traded in dollars.
MATIC is the 11th most valuable cryptocurrency in the list of CoinMarketCap. The daily trading volume of the coin is 2,331,477,565. dollar.