Why Polygon?
"The Internet of Blockchains"
Last updated
"The Internet of Blockchains"
Last updated
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DISCLAIMER:We are in no way connected to the Polygon organization.
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Near-ZeroGas Fees
Support the most widely used Ethereum scaling ecosystem that offers EVM compatibility
...and
an ultimate user experience with fast transactions at near-zero gas fees today, not tomorrow or some far-off date in the future.
Evolutionary toRevolutionary
Polygon team's implementations as a Layer-2 solution is revolutionary.
Seriously we're not kidding. It's that critically important to crypto right now.
Known as Matic before, it was mostly a scaling solution (“Layer 2”) for Ethereum until it rebranded to Polygon.
The WoW moment...Then, the team developed and entire infrastructure.
After the re-branding and launch of the newly-build up Network it became a much more ambitious blockchain interoperability project (like Polkadot and Cosmos).
Polygon seeks to broaden the horizons of cryptocurrency adoption by ensuring that transactions are affordable and fast, compatible with a variety of scaling solutions.
Proven Scalabilityon Ethereum
Specifically, using the EVM.
Polygon (aka in our case, the "network") is built on Ethereum Layer-2.
Specifically Polygon Proof-of-Stake (PoS).
Polygon PoS is one of the most used protocols in the world right now.
Solidly & sufficiently future-proofed.
The network has tens of thousands of dApps, more than 3 million average daily transactions.
It has $5 billion in secured assets, and some of the top brands building on it.
From its origins as a plasma chain, Polygon has evolved into a multichain powerhouse.
It provides developers and creators with the tools they need to build innovative, secure, and scalable blockchain solutions.
It has revolutionized how we interact with the world by building on and participating in the Polygon ecosystem.
Polygon is an EVM-compatible network.
Which means you can use your MetaMask wallet to access dapps on Polygon. You will have the same address.
You just need to make sure you have Polygon added as a network in MetaMask, and switch between Ethereum and Polygon as appropriate.
BackgrounderAs the second biggest cryptocurrency after Bitcoin, Ethereum is known as “the mother of decentralized applications.” Here are three key Ethereum use-cases:
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DeFi Decentralized finance is an umbrella term given to financial services and products like lending, borrowing, and earning interest, that can be accessed on public blockchains like the Ethereum blockchain without the permission of a third party such as a bank. NFTs An NFT is a digital asset stored on a blockchain, like Ethereum, that is unique and impossible to replicate. NFTs can represent anything from digital art to in-game items and even real-world assets like land or houses. Other Crypto(currencies) On the Ethereum blockchain, you can create your own cryptocurrencies that can also be purchased with ETH. Examples of other cryptocurrencies built on Ethereum are Tether and USDC, the two largest stablecoins in the crypto market.
