Blockzeit
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
  • EnglishEnglish
    • EnglishEnglish
    • DeutschDeutsch
    • PortuguêsPortuguês
Buy Crypto
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
No Result
View All Result
Blockzeit
No Result
View All Result
Home Markets
33561652568 78c67ba4d9 c

33561652568 78c67ba4d9 c

Billionaire Mark Cuban Invests In Polygon (MATIC)

Aaron Moses by Aaron Moses
May 26, 2021
in Markets
Reading Time: 3 mins read
0
Share on FacebookShare on TwitterShare on LinkedinShare via WhatsappShare via Email

Mark Cuban has been talking a lot about DeFi lately and has openly expressed his enthusiasm for this movement. And now, the billionaire investor and Shark Tank star has invested in the blockchain scalability platform Polygon also known as Matic.

Mark Cuban appears to be more bullish than ever about crypto. This is wonderful news for the market and for investors of Polygon.

What is Polygon (Matic)?

“The issues of slow block confirmations and high gas fees need to be solved before we target mass adoption by mainstream users. And most importantly, it needs awesome user experience.”

https://matic.network/

Polygon is a scalability solution to Ethereum. While Ethereum 2.0 aims to solve the crisis of transaction fees, slow transaction times, and other scalability issues, it’s not enough alone. This is because the Ethereum network is continuing to grow. And as Ethereum becomes more widely used, the gas fees are only going to continue to get worse. So, Ethereum needs an outside solution to fix this problem. But how do Polygon and Ethereum work so well in harmony with one another? A Youtube channel called CryptoExplained says:

“The reason polygon and Ethereum can have this symbiotic relationships is because Polygon is a “many chain” platform. And it can use the power of these many chains to make sure that these transactions are a lot more scalable. In a lot of way it’s very similar to the lightning network with Bitcoin.”

Cuban is the biggest billionaire crypto bull

We at https://t.co/VUydpLFzGh will continue to accept BTC/Eth/Doge because we know that replacing Gold as a store of value will help the environment https://t.co/bs7NvnJY8A and https://t.co/ELhbuLOBRV shrinking big bank and coin usage will benefit society and the environment https://t.co/zu08F0STEQ

— Mark Cuban (@mcuban) May 12, 2021

When Elon Musk recently stated that Tesla would no longer accept Bitcoin as a form of payment, Cuban immediately contradicted him by saying that his company, the Dallas Mavericks, will still accept Bitcoin and other cryptos. Mark Cubans is also arguably the most educated billionaire when it comes to cryptocurrency. He said recently in a Tweet:

“The idea of crypto isn’t that the money leaves the financial system. It’s what you can do with certain crypto assets (not all) that is a better alternative for various types of financial transactions than the banking system.”

Many wealthy hands have only dabbled in Bitcoin – some have bought Ethereum. But Cuban is certainly ahead of the game in his grasp of the crypto industry. He’s certainly leading the charge to adoption by investing in scalability solutions to Ethereum like Polygon. And it’s good to see support of a better financial system from a famous figure like Cuban.

Final thoughts

Mark Cuban’s interest in blockchain seems more serious and sincere than any other billionaire. Elon Musk, for example, mostly only tweets about Dogecoin and continually ignores projects with impressive technology and fundamentals.

Curious what are your thoughts on Ethereum 2.0, Cardano, Solana, Polkadot, IOTA and others that are trying to scale with low fees?

What makes you choose Doge over them?

— Dave Lee (@heydave7) May 24, 2021

If you enjoyed reading this article, you might also want to check out Internet Computer (ICP) – The New Kid on The Block.

Aaron Moses
Aaron Moses

Aaron is passionate about blockchain and has been an investor in cryptocurrencies for the past years. He enjoys engaging with other people in the cryptocurrency community online, particularly on Telegram, and learning from experts.

Previous Post

Hedge Fund Billionaire Ray Dalio Endorses Bitcoin

Next Post

Lark Davis: Crypto Bull Market To Continue

Related Posts

The Swiss Crypto Valley in Zug. (Photo Source: Flickr)

Switzerland Remains As The Pivot Point Of Crypto Institutonalization

by Giancarlo Perlas
January 30, 2023
0

In this article, we shall explore what it means to have crypto institutionalization as well as the pivotal role of...

bitcoin bubble - Image source: Yale

Crypto Market Is Surging – Is It A Bubble Or A Breakthrough?

by Edmond Herrera
January 21, 2023
0

Explore whether the current crypto market boom is an echo bubble or a sign of sustainable growth in this in-depth...

bull x bear maket

Crypto Market Rises After Unexpected Drop in US Retail Sales

by Sammy Ugay
January 19, 2023
0

The cryptocurrency market is experiencing a surge in prices following the release of the latest economic data from the United...

Load More

Get updates to your inbox!

Subscribe to our mailing list to receive daily updates!

FOLLoW US:

Blockzeit Logo 10 1

Blockzeit was founded in 2021 in Switzerland with the mission of bridging the gap between the complex blockchain technology and the general public. Blockzeit is a news and education platform that aims to make blockchain more accessible and bring more transparency to the scene.

Popular Categories

Categories
  • Bitcoin News
  • Business
  • Education
  • Investing
  • Markets
  • Metaverse
  • NFTs
  • Politics
  • Press Release
  • Switzerland
  • Technology
  • Trends
  • Uncategorized

Important Links

  • Privacy Policy
  • Disclaimer
  • About us
  • Contact us
  • Blockchain Jobs
  • Events

Contact & Social

For guest posts, contact us via info@blockzeit.com

 

Contact: info@blockzeit.com
Press: press@blockzeit.com

Facebook Twitter Linkedin Instagram
  • Home
  • Markets
  • Investing
  • Technology
  • Trends
  • NFTs
  • Education
  • Events
© Copyright by Blockzeit.com. All rights reserved.

Disclaimer

Start making money with crypto.

Buy Here
No Result
View All Result
  • News
    • Business
    • Politics
    • Metaverse
    • NFTs
    • Markets
    • Investing
    • Technology
    • Trends
  • Tools
    • Crypto Charts
    • Crypto Heatmap
  • Education
    • Reviews
    • Guides
    • Bitcoin Price Analysis
  • Crypto Exchanges
  • DeutschDeutsch
  • PortuguêsPortuguês

© 2021 Blockzeit by Blockzeit.