What is Polygon (MATIC) and how does it relate to Ethereum (ETH)?

3 answers

• Nov 23, 2021 · 3 years ago
  Polygon (MATIC) is a layer 2 scaling solution for Ethereum (ETH) that aims to improve its scalability and reduce transaction costs. It achieves this by creating a network of sidechains that are connected to the Ethereum mainnet. These sidechains, also known as polygons, can process transactions faster and at a lower cost compared to the Ethereum mainnet. By using Polygon, users can enjoy faster and cheaper transactions while still benefiting from the security and decentralization of the Ethereum network.
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• Nov 23, 2021 · 3 years ago
  Polygon (MATIC) is like a bridge that connects Ethereum (ETH) to other blockchains. It allows developers to build and deploy decentralized applications (dApps) on Polygon's sidechains while leveraging the security and ecosystem of Ethereum. This means that developers can enjoy the benefits of faster and cheaper transactions on Polygon while still being able to interact with Ethereum's smart contracts and assets. It's a win-win situation for both developers and users.
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• Nov 23, 2021 · 3 years ago
  Polygon (MATIC) is a layer 2 scaling solution that aims to address the scalability issues of Ethereum (ETH). It provides a framework for building and connecting multiple blockchains, known as polygons, to the Ethereum mainnet. These polygons can handle a large number of transactions per second and offer faster confirmation times compared to the Ethereum mainnet. By using Polygon, users can experience improved transaction speeds and lower fees, making it an attractive option for decentralized applications and users who require fast and affordable transactions.
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