Polygon -Enabling an infinitely scalable web of sovereign blockchains that feels like a single chain. Powered by ZK tech. Build Get access to our documents, and start building. Stake Participate in securing the network by delegating MATIC tokens
Polygon, also known as Matic Network, is a blockchain network that works alongside the Ethereum blockchain to address some of its limitations.
Tags:MATIC -PolygonICP NFTPolygon, also known as Matic Network, is a blockchain network that works alongside the Ethereum blockchain to address some of its limitations. Here’s a breakdown of key points about Polygon:
Purpose: Aims to solve Ethereum’s scalability issues by providing faster and cheaper transactions.
Technology: Employs a “layer 2” solution, essentially functioning as a sidechain to Ethereum, processing transactions off-chain before committing them to the Ethereum mainnet for security.
Benefits:
Faster Transactions: Polygon offers significantly faster transaction speeds compared to Ethereum.
Lower Fees: Transaction fees on Polygon are considerably lower than on Ethereum.
Scalability: Designed to handle a high volume of transactions, making it suitable for large-scale applications.
Use Cases:
NFT Marketplaces: Popular platforms like OpenSea and Rarible integrate with Polygon, allowing users to trade NFTs with lower fees.
Decentralized Finance (DeFi): Polygon facilitates faster and cheaper DeFi transactions.
Gaming: Several blockchain games leverage Polygon for smoother gameplay experiences.
Here are some additional resources you might find helpful:
Polygon Technology Website: https://polygon.technology/
Best Polygon (MATIC) NFT marketplace: https://www.airnfts.com/
Top Polygon NFTs on OpenSea: https://opensea.io/rankings?chain=matic
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