Polygon — the best layer 2 solution?
Developing dapp with small amount of funds can be difficult when it comes to deploying smart contracts directly to Ethereum.
Fees are extremely high and can make project collapsing.
Polygon solves this problem, check how…
Agenda:
- intro,
- what is it,
- scaling solutions,
- how it works,
- conclusion
What is it?
„Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing on security.”
Polygon is one of the most top developing ecosystems in the decentralized world. It is introduced as a scaled layer of ethereum, which decreases fees in transactions.
The most famous use cases for this solutions are NFTs, which are minted on this network. Brands like:
- adidas,
- instagram,
- stripe,
Has trusted polygon. It can be a big proof of the advantages and low risk which this project is holding.
Quick glance on polygon stats can show how this solution has changed the way of development web3 applications.
Incredibly high level of transactions and saved fees, staked assets, etc. are the result of consequentially well developed features.
Another great information for the polygon enthusiast is that more than 37k dApps are based on this network. All of them can be checked in a link below:
Polygon makes ethereum accessible for:
- eth compatibility,
- scalability,
- security,
- developer experience.
Scaling solutions
- polygon PoS,
- polygon zkEVM,
- polygon Avail,
- polygon edge,
- polygon nightfall,
- polygon Miden,
- polygon zero,
- polygon supernets.
How it works?
In deep understanding of polygon network, knowing scaling solutions can help a lot. Visit a link below to see more:
Polygon is a layer 2 solution, what means that it runs in parallel to ethereum mainnet.
Layer 2 create a channel to communicate between networks for exchanging data and tokens.
Computing single transactions in parallel network can save a lot of fees and also speed up the entire process.
Modern dapps are based on Ethereum network, what also gives a lot of popularity for polygon.
Polygon saves a lot of fees and is quicker, simultaneously not loosing the security to be vulnerable on some strange thefts.
That is why a lot of ethereum dapps are being transformed to polygon.
Conclusion
Polygon is a great solution for saving fees and not loosing it on web3 operations.
Dapps based on ethereum can be too expensive for some users, polygon saves this problem.
Moreover, polygon network is quicker, what makes transactions faster and more efficient.
Polygon is still being developed, new features are constantly added, the big hype can bring also huge number of dapps which are using it, nowadays it is more than 37k active decentralized apps.
Would you like to learn more about web3? Follow the repo from my challenge, if includes more than 60 topics with the description about each subject.
