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Author Topic: What is Polygon Network?  (Read 9492 times)

Offline crypto samuel

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What is Polygon Network?
« on: April 22, 2022, 03:14:51 PM »
Polygon is a secondary Ethereum scaling solution. It is a layer-2 solution is a blockchain that runs in parallel to a mainnet but processes transactions outside of it, leading to higher transaction throughput and cheaper gas prices.

Rather than creating their own blockchain, these solutions build on top of an existing one. In this case, Polygon is built on Ethereum, which has gotten increasingly slow and expensive to use as it has grown in popularity.

Polygon is a cryptocurrency that is formerly known as MATIC as well as a technology platform that connects and scales blockchain networks. It was introduced in 2019 to overcome many Ethereum blockchain restrictions, including transaction speed, throughput, and gas prices.

While maintaining the security, interoperability, and structural benefits of the Ethereum blockchain, the Polygon platform can boost the flexibility, scalability, and independence of a blockchain project.

Polygon's native coins, MATIC, are Ethereum-based ERC-20 tokens. The tokens are utilized as a settlement currency between Polygon users and for payment services on the platform. MATIC coins are also used to pay for transaction fees on Polygon sidechains.

Polygon is a new blockchain technology that has recently emerged.

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What is Polygon Network?
« on: April 22, 2022, 03:14:51 PM »

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Re: What is Polygon Network?
« Reply #2 on: April 23, 2022, 01:10:49 PM »
Yes, this way to raise your rank or earn karma is a dubious initiative. It is important to always indicate the source from which the information was drawn, well, the rules of good order such as design, inserting pictures and so on - no one canceled.
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Re: What is Polygon Network?
« Reply #3 on: April 26, 2022, 02:23:33 PM »
afflicted with higher transaction fees on the ethereum platform, other platforms as well as low-cost ones have emerged, polygon is one of the cheapest, unfortunately the platform used is the same as ethereum, so if eth2.0 is proven to be able to cut costs cheaply and the speed keeps increasing. it is certain that polygon will experience problems and will likely be abandoned, clearly different from other platforms such as bsc which will still be able to continue to be used.
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Offline Nagyan01

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Re: What is Polygon Network?
« Reply #4 on: May 05, 2022, 06:37:15 PM »
I would really support Polygon right now. This is primarily because Polygon blockchain is also listed on Opensea, which makes it have high volume of people visiting it and a better marketplace than most other emerging NFT marketplaces. Of course, if Opensea supports minting the NFTs on Polygon i would probably have to re-evaluate my thoughts.

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Re: What is Polygon Network?
« Reply #5 on: May 05, 2022, 11:04:35 PM »
Polygon have since proven itself as a remarkable Ethereum layer2 solution with it mapping technology, considering the level of growth that Ethereum have attracted to itself with so many giant businesses relying on it solution, Polygon Matic will only always do well as your goto layer2 solution to Ethereum's bottlenecks. i have been quite a user of it swift blockchain for over a year now, never regret their speed and cost.

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Re: What is Polygon Network?
« Reply #6 on: May 06, 2022, 09:07:26 PM »
I think this network is underestimated today, the blockchain works stably without any delays, I do not remember that there were overloads in this network, I personally use the network myself and am very satisfied, so Matic should occupy the top 10 CMC.
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Re: What is Polygon Network?
« Reply #6 on: May 06, 2022, 09:07:26 PM »


Offline collinsjie

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Re: What is Polygon Network?
« Reply #7 on: May 06, 2022, 10:09:02 PM »
afflicted with higher transaction fees on the Ethereum platform, other platforms, as well as low-cost ones, have emerged, polygon is one of the cheapest, unfortunately, the platform used is the same as Ethereum, so if eth2.0 is proven to be able to cut costs cheaply and the speed keeps increasing. it is certain that polygon will experience problems and will likely be abandoned, clearly different from other platforms such as BSc which will still be able to continue to be used.

I think Polygon will not be sleeping this to happen. They will keep adding values to the network that will make them relevant in the crypto market
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Offline Cakra bumi212

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Re: What is Polygon Network?
« Reply #8 on: May 07, 2022, 10:12:56 AM »
The history of the establishment of the Polygon Network is to overcome transaction barriers on the Ethereum network ranging from high gas fees and transaction speed, by leveraging new sidechain solutions and off-chain technologies.
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Re: What is Polygon Network?
« Reply #9 on: May 07, 2022, 05:14:30 PM »
Polygon is a cryptocurrency network that resolves transactions at low gas fees. Due to the high fees on the Ethereum network, people search for solutions for transactions on other networks. In this way, Polygon Wallet has emerged as the right option.
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Re: What is Polygon Network?
« Reply #10 on: July 28, 2022, 06:35:18 PM »
Polygon is a rapidly emerging blockchain network whose transactions operate at fast and affordable fees. Polygon, formerly known as Matic Network, is a scaling solution that aims to improve the speed and cost of transactions on blockchain networks and New improvements have to be provided to reduce complications.

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Re: What is Polygon Network?
« Reply #11 on: August 08, 2022, 12:16:32 AM »
Previously, Polygon was just layer-2 for Ethereum, but now Polygon has its own ecosystem and has grown to compete directly with Ethereum. I am using Polygon and am very satisfied with the high speed and low cost of this blockchain.

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Re: What is Polygon Network?
« Reply #12 on: August 08, 2022, 09:36:58 AM »
A very good and convenient platform that is similar to the Ether platform, it is good that the commission in this platform is still very low and is only developing compared to the Ether platform.
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Re: What is Polygon Network?
« Reply #13 on: August 10, 2022, 07:09:48 PM »
Polygon works very quickly and with very low transaction fees. Polygon ( Matic Network) was launched in October 2017. Polygon is one of the multiple blockchains achieving carbon neutrality. That initiative is part of Polygon's Green Manifesto, which aims to focus on sustainable development for blockchain.
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Re: What is Polygon Network?
« Reply #14 on: August 22, 2023, 06:23:24 AM »
Polygon, formerly known as the Matic Network, is a scaling solution that aims to provide multiple tools to improve the speed and reduce the cost and complexities of transactions on blockchain networks.


 

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