Polygon is a secondary scaling solution for the Ethereum blockchain . These types of solutions work on top of an existing blockchain network rather than using their own blockchain.3 Oca 2022
Read moreIs Polygon a Layer 1 or Layer 2?
Polygon Crypto Network Basics Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security.
Read moreIs a Polygon a l2 or side chain?
What is Polygon? # Polygon is a sidechain based scaling solution for public blockchains. It is based on an adapted implementation of Plasma framework.
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Polygon ($MATIC) Eclipses ‘Ethereum L1 in Daily Active Addresses for the First Time ‘ Polygon ($MATIC) Co-Founder Mihailo Bjelic says that on Monday (September 27) Polygon’s number of unique daily active addresses surpassed that of layer 1 blockchain Ethereum for the first time.
Read moreIs Polygon address same as Ethereum?
Yes, the Polygon address and the Ethereum address are practically the same and that’s partly why you can “bridge” between them on your OpenSea account. Polygon is an Ethereum-based project that allows scalable, secure, and instant transactions with much lower gas fees.
Read moreWhat is the Matic network?
Matic Network is an off/side chain scaling solution for existing platforms that provides DApps and user functionalities with scalability and a better user experience .
Read moreWhat is Matic used for?
MATIC is used to power the network and serve as a utility token for Polygon . It functions as the network’s main transactional currency and as a financial incentive for those who want to contribute to the ecosystem.9 Ara 2021
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