{"id":566502,"date":"2024-08-19T14:39:42","date_gmt":"2024-08-19T14:39:42","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=566502"},"modified":"2024-08-19T14:39:39","modified_gmt":"2024-08-19T14:39:39","slug":"top-cryptocurrencies-to-buy-now-august-19-polygon-multiversx-xrp","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/top-cryptocurrencies-to-buy-now-august-19-polygon-multiversx-xrp","title":{"rendered":"Top Cryptocurrencies to Buy Now August 19 – Polygon, MultiversX, XRP"},"content":{"rendered":"
Justin Sun, the founder of the Tron blockchain, recently suggested on the X platform that China might soon lift its ban on digital assets. This potential move follows Hong Kong’s footsteps, which has drawn various crypto firms due to its pro-crypto policies. Meanwhile, this news has sparked positive market sentiment, prompting investors to explore <\/span>top cryptocurrencies to buy now<\/a>.<\/span><\/p>\n Polygon is set to undergo a major update, with plans to rename its MATIC token to POL on September 4. In a related development, MultiversX has also proposed a significant update to its blockchain, known as the Spica network upgrade. Meanwhile, VeChain has introduced a new tool called “Create #VeChain dApp” on NPM, which is designed to simplify the development of decentralized applications (dApps).<\/span><\/p>\n Polygon is undergoing a significant update, aiming to rename its MATIC token to POL in a major development on September 4. This changeover will see POL replace MATIC as the primary token for transaction fees and staking within the Polygon network. This shift is not merely a rebranding but a strategic move aimed at improving the network’s functionality and supporting its growing infrastructure.<\/span><\/p>\n The transition process is designed to be straightforward for current MATIC holders. Whether their tokens are on Ethereum, Polygon zkEVM, or centralized exchanges, users must convert their MATIC tokens to POL on a 1:1 basis. This conversion ensures the total token supply remains unchanged and that users can continue participating in staking and transaction activities without disruption.<\/span><\/p>\n Furthermore, POL will play a key role in Polygon’s upcoming scaling solution known as AggLayer, which is set to unify the network’s ecosystem. The token will also be integral to the Staking Hub, which is scheduled for launch next year. These developments align with Polygon’s broader strategy to enhance network efficiency and scalability.<\/span><\/p>\n 420 hours until the MATIC to POL migration on Sep 4 <\/p>\n 🤫 https:\/\/t.co\/PLJe0AOh0w<\/a><\/p>\n — Polygon | Aggregated (@0xPolygon) August 18, 2024<\/a><\/p><\/blockquote>\nTop Cryptocurrencies to Buy Now<\/b><\/h2>\n
1. Polygon (MATIC)<\/b><\/h3>\n
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