Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It provides scalable solutions on top of Ethereum multiple side chains ecosystem. It is also known as layer 2 scaling solution as it provides scalability on the top of ethereum blockchain.
Polygon solves pain points associated with Blockchains, like high gas fees and slow speeds, without sacrificing on security.
Ethereum blockchain has its own share of problems for Decentralized application developments(Dapps) such as
- Poor UX
- Low Throughput
- No sovereignty (shared throughput/clogging risk, tech stack not customizable, governance dependence)
These problems introduces challenges and there is no framework to address these. So polygon was created as a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.
MATIC is the native currency of the polygon ecosystem with ATH value of $2.62 dollars and market cap of $6 billion. More about the token performance is found here on coinmarketcap.
Polygon Features
- Scalability
- Ethereum compatability
- User Experience
- Developer Experience
- Modularity
- Security
Hello, @the-glitcher! This is @anggreklestari from @OCD team. We saw that you already posted your first post here in Hive! Congratulations and welcome! However, it would be awesome if you do an introduction post. As a sample of what an intro post is, you can refer to this intro post for reference:
Keeping Up With the Buzz - My Introduction to the Hive Community
There's no specific format on how you do your intro post, but there is some suggested content that we would love to see in your post. Information like who are you and where you're from, how did you discover Hive or who invited you, what types of content you want to see here and the types that you want to produce, and what are your expectations in this platform. There's no pressure on this. You can choose whatever information you would like to share.
You can tag me @anggreklestari on your intro post then if you have done with it.
Well, you can explore the communities that are suitable for your content. You can read some of the communities in this post: OCD Communities Incubation Program
If you are looking for tips and information as a Hive newbie, click here: newbie guide.
If you have questions, you can hop into OCD's Discord server and we'll gladly answer your questions. For now, @lovesniper will follow you and we are looking forward to your intro post!