Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polygon MATIC Forum => Topic started by: Tokenista - Rev. Sasha Van Kush on May 09, 2024, 05:13:50 AM
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I am Trying to Learn more about like the Agg Layer and Things about Polygon. I do not completely understand what the Layer 2 Blockchain is doing, and how when I Search for Polygon Tokens I am just shown a list of Ethereum Tokens. Why is it that when I do a Google Search for Polygon Tokens it is just Ethereum Tokens, are those on the Ethereum Blockchain or are those on the Polygon Blockchain?
How would I find a list of Polygon Tokens made by Polygon users like myself who is about to make a Polygon Token.
Our Polygon Token is going to be Burnable, and when it is Burned that will give the Wallet that Burned the Tokens a Hashrate. And then Tokens will Forever be Minted into that Wallet, based on how many Other People have Burned Tokens and how many they have Burned. I want Everyone to know about it because it is going to be made VERY VERY SOON and I am going to be Posting it here. But I want to know more about Polygon. Once we have a Token, I want to Start doing Bounties where we Pay People in our Token to Complete Tasks. And so I want to know what kind of Things can be done for our Token.
From what I am Finding there is maybe a way to make a BLOCKCHAIN with Polygon, this makes Sense because it is Very Easy to make a Blockchain with Ethereum and Polygon is supposed to be like a Layer 2 to ETH, so it follows that it should be easy to make a Blockchain with Polygon because it is easy to make a Blockchain with ETH. So that may be what we Start with First. And Polygon is Proof of Stake, so I guess maybe that is what People do? Are there Polygon based Blockchains that are Proof of Stake, does anyone have examples, are there DAOs, because that is something else I assume we can do with this is Start Creating DAOs.
What I am actually going to do is Create a few DeFi Tokens like this Burn Mining Concept, and then we will Create an AMM Token. So then we will have a Swap and we will Start doing Token to Token Trades, we will make it where You don't have to have any Other Coins, You can just Trade all of Our Coins, Directly for our Coins, and then also Trade out into Other Coins, and this will make it where we are Better Positioned than Other Currencies.
And we also use HIVE, STEEM and BLURT, so all of this will go together where we have somewhere to Talk about this and Earn from it that Other Currencies don't use, and that will Benefit us. And Eventually we will make our Own Blog Platform and Blockchain, but we will make some Other Blockchains before we Clone Steemit.
I just wanted to know if anyone could Shine some Light onto Polygon.
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I wonder how you intend to create your own token when you do not know much about the Polygon chain?
Anyway, in short, it can be said that Polygon is a blockchain platform that provides scaling solutions for Ethereum with the aim of providing faster and cheaper transactions. The Polygon ecosystem uses a native token called MATIC to pay transaction fees and validation rewards.
But Polygon is not just one sidechain of Ethereum, it allows you to create your own EVM-compatible sidechain by following your own consensus mechanism and using your own token, but it benefits from high transaction throughput (Tps). This function is called Polygon Edge.
You can learn more here:
https://learncrypto.com/popular-coins/polygon
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Our Token
https://polygonscan.com/token/0x839fd63addb3b1543ff1fea00886b7e6bf4d3274?a=0x000000000000000000000000000000000000dead
Contract Address
0x839fd63aDDB3b1543Ff1fEa00886b7E6bf4d3274 (this is not the Burn Address, do not Send Tokens here)
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There was an Error where the Mined Tokens were not Sendable. The New Link and Contract Address were Edited into the Previous Post on this Thread, the PolygonScan Link above.
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This is how Proof of Burn Works
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The Terry Lowry Link Letter, and how Cryptocurrencies could Soon be used by Politicians after I set it up for them:
https://vankushfamily.com/index.php/community/politics/the-terry-lowry-link-letter-and-zion-oil-and-gas/