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Polygon to burn MATIC with every transaction, here's what it means
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cnbctv18.comPolygon, an India-based scaling solution for Ethereum, powered by MATIC, is releasing an update to deploy a fee-burning mechanism line like Ether (ETH) and Binance Coin (BNB). Polygon will implement Ethereum's EIP-1599 update and introduce the burning of native token MATIC to provide better transaction fee visibility and other smaller features. The upgrade is being released in the network as a testnet and will be called the Mumbai Testnet.
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