‘Big Four’ firm EY taps Polygon (MATIC) for Ethereum scaling solutions | CryptoSlate

CryptoSlate








‘Big Four’ firm EY taps Polygon (MATIC) for Ethereum scaling solutions | CryptoSlate




















Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.

Start Earning Interest

In a recent press release, EY announced integrating its blockchain products with Polygon (MATIC) protocol, an Ethereum-based full-stack scaling solution.

How To Get Free Crypto  

In the announcement, the multinational professional services network, formerly known as Ernst & Young Global Limited, said that the collaboration will help “prioritize enterprise-friendly features into the ecosystem.”

Catering enterprise clients 

“As more enterprises adopt blockchain technology, transaction volumes and costs on the main public Ethereum (ETH) blockchain have risen. Adopting Polygon’s commit chain solutions allows the EY organization to offer enterprise users increased transaction volumes with predictable costs and settlement times and the option to move transactions onto the public Ethereum mainnet,” read the announcement, clarifying why EY opted for integrating its blockchain products with Polygon.

According to the official press release, the main Polygon systems network and the main Polygon test and development network both became directly accessible from blockchain.ey.com.

“The EY commitment to the public Ethereum ecosystem and to open standards was a big driver in evolving shared approaches. No other organization has made the same scale of commitment to the ecosystem and to open systems, or brings the depth of technology that the EY organization has in this space,” said Sandeep Nailwal, co-founder and COO at Polygon. 

Coinbase Banner  

Private industry chains

According to the announcement, both Polygon and the EY organization are working on common roadmaps, focused on “privacy technologies that enable sophisticated use cases and support regulatory compliance.”

In addition to integrating the main Polygon commit chain into blockchain.ey.com, the announcement also made public that the organization is working with Polygon to create private industry chains.

The intention is to “offer enterprises the comfort and security of a closed system but retain the close alignment with the public Ethereum mainnet.” 

Looking forward, these private industry chains would facilitate faster and lower risk transition to public networks.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

FreeBitcoin Banner  

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Like what you see? Subscribe for updates.

Go to Source
Author: Ana Grabundzija


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.