The key objective of Polygon is to encourage mass adoption of cryptocurrencies and network interoperability by helping to improve Ethereum's transaction fees, throughput and speed. Polygon is a Layer 2 network and sidechain solution for Ethereum, allowing developers to build compatible decentralized applications, many of which are used for decentralized finance proposes, on separate blockchains that link to the Ethereum main-chain. Over time, increased network congestion has led to higher network gas fees and slower processing times on Ethereum. ![]() ![]() A smart contract is a self-executing contract defined by a computer program, in which the terms and execution of the agreement are built into immutable code and recorded on a blockchain. Ethereum is the largest smart contract platform in the blockchain space and has thousands of cryptocurrency projects built on top of its blockchain. ![]() Polygon is a blockchain network that aims to decrease transaction costs by increasing network efficiency of the Ethereum blockchain.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |