EY and Polygon sign partnership for Ethereum expansion

Ernst & Young integrates blockchain products with Polygon to reduce the high costs and network collaboration consumers face when trading on the Ethereum mainnet.

On Monday, Ernst & Young (EY) announced that its flagship blockchain service will partner with Polygon (like EY OpsChain and EY Blockchain Analyzer) to deliver operations to Ethereum on a sidechain platform to increase connectivity. it will be. “Estimated costs” and payments. Ernst & Young may also choose to send referrals to Ethereum's public mainnet.

Polygon Export, another term for blockchain scaling solution, has been changed by Ernst & Young to create a proprietary privatization chain that uses a new standard to control market validation.

Polygon Co-Founder Sandeep Nailwal said, “Ernst & Young's commitment to the Ethereum public ecosystem and the open model is a key factor in the development of integration.

For a long time, Ethereum suffered from crashes and high costs associated with doing business online. Last month, the London hard forks worked to fix the problem, but so far they have had mixed results in terms of cutting costs.

Due to their ability to become a sidechain business, the solutions have been praised for their ability to offload a network of big names, including Bitcoin. For example, the Arbitrum Consolidation Consensus grew significantly last week, from a total closing value of $ 24.5 million earlier this month to $ 2.2 billion on Monday.

Ernst & Young says its mission is to deliver quality content, improve efficiency and reduce business costs. The company also said the new "industry chain" will provide industry with the security of a closed system while maintaining public relations on the Ethereum mainnet.

EY Global Blockchain CEO Paul Brody said in a presentation: “The partnership with Polygon provides EY teams with the tools to provide EY teams with faster business measurement plans for” We see our commitment to the Ethereum ecosystem, as well as open systems and networks, will facilitate integration in this area. . "