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

In this blog, let's learn how to configure polygon on metamask.

Before proceeding further, We need to create a metamask wallet. If you do not have one, create it by following this blog.

After you created, the wallet will look like below.

Click on the Ethereum mainnet at the top right corner and expand it. At the bottom, click on Custom RPC. Now you should see a screen just like below one.

Now, enter the below details for mainnet and Hit Save.

Polygon mainnet Settings

Network Name: Polygon Mainnet

New RPC URL: https://rpc-mainnet.maticvigil.com/

Chain ID: 137

Symbol: MATIC

Block Explorer URL: https://polygonscan.com/

Polygon Testnet Settings

Network Name: Polygon Mumbai

New RPC URL: https://rpc-mumbai.maticvigil.com/

Chain ID: 80001

Symbol: MATIC

Block Explorer URL: https://mumbai.polygonscan.com/

You can transfer BEP-20 MATIC to polygon network using binance. Otherwise, ERC-20 tokens will be transferred on Ethereum mainnet and BEP-20 tokens transferred on Binance smart chain.

More resources

Matic Faucet for testnet - https://faucet.matic.network/
Polygon papers - https://polygon.technology/papers/
Polygon docs - https://docs.matic.network/

Polygon Dapps

Resources

https://polygon.technology/
https://docs.matic.network/
https://coinmarketcap.com/currencies/polygon/

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hivebuzz (74) 3 years ago

Congratulations @the-glitcher! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You received more than 50 upvotes.
Your next target is to reach 100 upvotes.

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$0.00

the-glitcher (44) 3 years ago

Thanks @hivebuzz.

1 vote

You're welcome @the-glitcher
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ykretz (66) 3 years ago

Thank you ! That will be helpful for Polygon's CUB IDO ! !PIZZA

What is the testnet for ?

Posted Using LeoFinance ^Beta

the-glitcher (44) 3 years ago (edited)

Testnet will be helpful for developers who can create smart contracts, deploy them on the testnet and test them for errors or bugs. Only once they are confident that their smart contracts are working on the testnet, they will deploy to mainnet and they will be available to general audience

Ok thank you !

So there are no use cases for me ! !PIZZA

pizzabot (58) 3 years ago

@the-glitcher! I sent you a slice of $PIZZA on behalf of @ykretz.

Learn more about $PIZZA Token at hive.pizza _(7/10)

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Connecting Polygon(MATIC) to Metamask