Ethereum Infrastructure Providers Alchemy and Polygon Join Hands

Sahaj  |  Jul 8, 2021

The recent partnership between Alchemy and Polygon, the two Ethereum infrastructure providers could be a blessing for the world of dApps. A partnership announced on Wednesday can be considered as a step that promises to speed up the pace and scope at which decentralized apps are stationed.

Ethereum Infrastructures Alchemy and Polygon Indulges in Significant Partnership

Though neither of the two Ethereum infrastructures, Alchemy and Polygon is the same household names for most of the crypto users, both have become important tools for the developers of Ethereum.

It was recently reported that Alchemy has managed to raise $80 million and is highly advantageous. In addition to this, it should also be noted that the firm aspires to be the equivalent of Amazon Web Services of the decentralized web.

Talking about the features that it is going to provide, it will be providing additional horsepower along with the tools to interact with the main Ethereum blockchain.

Discussing further Polygon, it was commonly known as Matic Network and the firm is a so-called Layer 2 solution that sits atop Ethereum and processes dealings in a more sustainable fashion.

In the recent explanation, it was revealed that:

"Chains launched on Polygon are capable of communicating both with one another and with the Ethereum main chain thanks to Polygon's arbitrary message passing capabilities. This will enable a variety of new use-cases, such as interoperable decentralized applications (dApps) and the simple exchange of value between diverse platforms."

Cardano Surpasses Bitcoin And Ethereum To Become The Most HODL’d cryptocurrency on eToro

As found in the Q2 report of eToro, Cardano has managed to secure the top position in the most held crypto-assets list.

The native coin of Cardano, ADA, has beaten the top cryptocurrency Bitcoin and the second-largest cryptocurrency Ethereum along with the Elon Musk-backed meme coin, Dogecoin to become the most held cryptocurrency by the US clients of eToro.

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