Polygon’s Rio Upgrade: A New Era for Crypto Payments
The Polygon network is on the verge of a significant upgrade, one that has the potential to reshape the way cryptocurrency transactions are handled. With the Rio upgrade coming up, the goal is to boost scalability to an impressive 5,000 transactions per second. But this also brings some serious questions about decentralization into the mix. Let’s dive into how this upgrade could affect decentralized finance (DeFi), what hurdles startups might face in adjusting, and what the future holds for stablecoin payments for small and medium-sized enterprises (SMEs) in Europe.
Scaling Up with a Side of Centralization
The Rio mainnet upgrade is about changing the architecture of the Polygon Proof-of-Stake (PoS) chain at its core. The main aim is to…
