- 2023 will likely be the year of the battle of the altcoins as Polygon, and Solana vie for the leading role after a series of setbacks.
- Polygon has announced the launch of the Polygon Entangled, a series of its Strongblock node protocols that makes the ecosystem more secure and safe for users.
The race for dominance among altcoins is getting more challenging, with Polygon aiming to upset Solana’s rapid growth in the coming year. As expected, Polygon Network launched Polygon Entangled, the latest upgrade to the blockchain node protocol on the NaaS (Node-as-a-Service) system. The 2022 bear market has had a significant impact on Solana, with the network expecting an improved capitalization in 2023 to boost the confidence of SOL holders in the asset.
We are pleased to announce today 📢
Polygon Entangled NaaS are now available 💪
Watch the video below to get more info 👇 pic.twitter.com/EekuWZL7t9
— strongblock.io (@Strongblock_io) December 13, 2022
Polygon’s NaaS announcement
However, Polygon might be the platform to upset Solana’s strong move to dominate the Ethereum Layer-2 ecosystem. As Solana continues to feel the heat of the FTX contagion, Polygon has managed to move into the top 10 crypto assets following numerous partnerships and the increased adoption of Layer-2 solutions.
So far in 2022, the Solana ecosystem has witnessed frequent outages, which shows the brittleness of a project seeking to be independent and not rely on Ethereum’s solution. Apart from this, Polygon, in contrast to Solana, offers developers the space to securely build applications on its network. Thus, pushing it toward becoming the market’s most sought-after network and token.
In addition, the protocol’s Ethereum Virtual Machine (EVM) solutions have positioned it as a network that users can use to easily migrate to other decentralized applications (dApps) on the Ethereum blockchain. While the debate about which altcoin will dominate the other is still ongoing, Solana and Polygon continue developing different features that attract developers to them.
However, in the battle for dominance, Polygon is some steps ahead of Solana. The development of Ethereum 2.0 is more likely to affect Solana negatively than Polygon. Even though Polygon aims to bring scalability to other projects hosted on the Ethereum blockchain, like Solana, it does not yet have the features to accomplish that feat.
As a result, Polygon developers are currently working on a generalized scaling framework that can offer several Layer-2 solutions. Additionally, the network is developing numerous aspects of its ecosystem to become more advanced next year.
Another Upgrade for MATIC
With the number of developmental projects that the network team is currently engaged in and the progress made with such projects, Polygon is making a statement about its next move. Recently, the network announced the launch of the Polygon Entangled, part of a series of its Strongblock node protocols purposely built to make the ecosystem more secure and safe for users.
In addition, the new Polygon Entangled NaaS upgrade is designed to enable quicker reward redemption with low fees and more robust reliability than previous updates. Hence, the development team is poised to be ahead of others in releasing periodic updates to accelerate the network’s drive toward efficiency.
Furthermore, the protocol seeks to reduce its dependency on external validators by ensuring that the Ethereum Layer-2 protocol continues to be the solution provider for other lesser platforms. Meanwhile, Polygon’s roll-up drive will put the network ahead of Solana and others as the leading altcoin in the coming months.
