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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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