Over the years, the Ethereum blockchain has become congested as more and more users have piled in, resulting in slower transaction times and higher processing fees. This has led to the creation of so-called"Layer 2" network like Polygon, which aim to take a load off the main blockchain.power-intensive crypto mining
Polygon co-founder Sandeep Nailwal says he sees the company becoming a decentralized version of Amazon Web Services, the e-commerce giant's cloud computing arm. Polygon's grander ambitions form part of a movement in the crypto world known as"Web3."Web3 is a hazy concept in tech that refers to efforts to build a more decentralized version of the internet based on blockchain technology.in Silicon Valley.
So far, Sequoia has stayed relatively quiet about its interest in crypto, while Andreessen has its own dedicated fund for investing in the sector. Now, Sequoia is becoming more vocal. It echoes a similar deal involving Solana Labs, the start-up behind Ethereum-rival Solana, which raised $314 million in a private token sale backed by Andreessen Horowitz.
Will this ever reach 1k? Wake me up
Cnbc. Shilling lol
CNBC talking about something else besides BTC. 🤣
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Inside Google Labs, the search giant's big bet on AR and Web3Inside Google Labs: Meet the secretive group leading Google's play for augmented reality, the metaverse, blockchain, and Web3 During the current bull market, I have identified 1 of 2 major peaks in the price of Bitcoin, as well as 2 of 2 major lows of BTC with great precision. Would you like to find the next deviation boundaries with me? You are more than welcome! Taking care of my debts and giving my daughter the best financially is what I have long waited for thanking for helping me gain financial freedom Dennismayson9
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