In today’s briefing:
- Polygon(MATIC) Partnership with Starbucks, a Further Step in Polygon’s Institution-Focused Strategy
- Hong Kong to Start Trial of E-HKD in Fourth Quarter
- Cosmos: The Ecosystem of Blockchains
Polygon(MATIC) Partnership with Starbucks, a Further Step in Polygon’s Institution-Focused Strategy
- Polygon Technology provides Ethereum scaling solutions and actively develops institution clients including Starbuck, E&Y, Meta, Reddit, Disney, etc.
- By end of 2022, all MATIC tokens, except reserved for staking rewards, will be unlocked, the aggressive unlocking schedule of MATIC token will no longer be a problem.
- If viewing Polygon as a tech start-up, it has outstanding performance metircs, however, it is criticized for transparency and centralization problems from a crypto-native standpoint.
Hong Kong to Start Trial of E-HKD in Fourth Quarter
- Hong Kong laid out an ambitious plan to develop its own retail central bank digital currency (CBDC), the e-HKD, and will start a pilot in the fourth quarter
- The e-HKD is not to replace Hong Kong dollar bills, which will remain legal tender, but to provide a new payment method for citizens
- Issuance of the Hong Kong digital currency for retail use is expected to play an important role in the economy and have a broad interface with the public
Cosmos: The Ecosystem of Blockchains
- If blockchain technology is to gain widespread adoption, interoperability between blockchains is a necessity.
- We’ve seen bridges try and solve this issue, essentially sitting on a pool of different assets and offering their own guarantee that an asset can be bridged over to another chain.
- However, bridges have been the target of several hacks this year, such as the $615m hack of Ronin, or the $320m hack of Wormhole.
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