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Polygon Starts Burning MATIC Tokens After Successfully Implementing Ethereum (ETH) Update

dailyhodl.com
 2022-01-19

Cover picture for the articleThe layer-2 scaling solution Polygon (MATIC) has successfully implemented a much-publicized Ethereum (ETH) update and is now burning native MATIC tokens. Ethereum Improvement Proposal 1559 (EIP-1559) went live on the Polygon mainnet on Thursday, occurring on Block #23850000. EIP-1559 first introduced a highly anticipated fee-burning mechanism into the Ethereum...

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