Polygon has launched its Rio upgrade, significantly enhancing its network with near-instant transaction finality and the capacity to handle over 5,000 transactions per second. The upgrade introduces a new block production model, lightweight nodes, and a validator-elected block proposer system, aiming to improve scalability, reliability, and cost efficiency. This development positions Polygon as a potential global standard for on-chain payments.
In a related move, AMINA Bank AG, a FINMA-regulated Swiss bank, has become the first global institution to offer staking services for Polygon's native token, POL. This initiative is expected to increase institutional interest and demand for the asset.
Polygon Unveils Rio Upgrade with Enhanced Scalability and Speed
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