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The Polygon team says the new token has nothing to do with the recent events in the regulatory environment related to the MATIC legal status. Polygon (MATIC) has announced the launch of a smart contract on the Ethereum mainnet for its new token POL as part of the project’s roadmap 2.0. In a blog post on Oct. 25, Polygon said the overall process will take some time. The team must still launch a new staking layer to power Polygon layer-2 chains and implement zero-knowledge-proof interoperability protocols. The Polygon team noted no actions are needed from MATIC holders or node operators, as all existing contracts function as previously designed. Polygon (MATIC) price | Source: CoinMarketCap Amid the news, MATIC price plunged 4% down to $0.62, while its market capitalization decreased to $5.8 billion, according to data from CoinMarketCap. You might also like: Polygon 2.0 to establish multiple layer-2s, initiate governance change Polygon Labs, the firm behind th...

In an effort to enhance security, Consensys, an Ethereum developer, has introduced an automated tool designed for smart contract auditing. Ethereum development group, Consensys, through its smart contract review division, Diligence, has launched a self-sufficient tool Fuzzing. This technology aims to improve the detection of vulnerabilities in Ethereum (ETH) smart contracts for developers. Fuzzing is deeply rooted in the software testing methodology of the same name, which revolves around feeding an application random or unexpected inputs. The goal of this technique is to induce bugs, cause crashes, or unveil vulnerabilities. We are thrilled to announce two major upgrades to Diligence Fuzzing – we've improved the user experience for Foundry projects & introduced a new, more affordable pricing plan. Making Diligence Fuzzing even more accessible to all builders out there. pic.twitter.com/nFntuQgthr — Consensys Diligence (@ConsensysAudits) August 1, 2023 The t...