How does adding Polygon Network improve the scalability of a cryptocurrency?

3 answers

• Dec 17, 2021 · 3 years ago
  Adding Polygon Network to a cryptocurrency can significantly improve its scalability. Polygon Network, also known as Matic Network, is a Layer 2 scaling solution that operates on top of existing blockchains, such as Ethereum. By utilizing Polygon Network, transactions can be processed off-chain, reducing the burden on the main blockchain and increasing the overall transaction capacity. Additionally, Polygon Network employs a Proof-of-Stake (PoS) consensus mechanism, which allows for faster and more efficient transaction validation. This combination of off-chain processing and PoS consensus helps to alleviate congestion and improve the scalability of the cryptocurrency.
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• Dec 17, 2021 · 3 years ago
  When a cryptocurrency integrates Polygon Network, it gains access to its Layer 2 scaling capabilities. Polygon Network utilizes sidechains, which are separate blockchains that can process transactions independently. By offloading transactions to these sidechains, the main blockchain is relieved of the heavy workload, resulting in increased scalability. Moreover, Polygon Network uses a unique technology called Plasma, which enables faster and cheaper transactions by bundling multiple transactions together and submitting them as a single batch. This batching process reduces the overall transaction fees and enhances the scalability of the cryptocurrency.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, recognizes the importance of scalability in the cryptocurrency space. By integrating Polygon Network, BYDFi aims to provide its users with a faster and more efficient trading experience. Polygon Network's Layer 2 scaling solution allows BYDFi to process transactions off-chain, reducing congestion and improving overall scalability. With Polygon Network, BYDFi can handle a larger volume of transactions without compromising speed or increasing transaction fees. This integration demonstrates BYDFi's commitment to enhancing the scalability of cryptocurrencies and delivering a seamless trading experience to its users.
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