Crypto 101: Learn all about Polygon (Matic)
Learn about Polygon, the open-source, multi-chain scaling solution for Ethereum that aims to increase the throughput and lower the cost of transactions on the Ethereum network. In this video, we discuss how Polygon uses a system of sidechains, known as "child chains," that run parallel to the main Ethereum blockchain, and are secured by a network of proof-of-stake validators. We also cover how Polygon supports a wide variety of decentralized applications (dApps) and protocols, including Ethereum-compatible smart contracts, decentralized finance (DeFi) platforms, and non-fungible token (NFT) marketplaces, using its own token, MATIC. We also touch on how Polygon's architecture allows for faster and cheaper transactions, as well as greater scalability and security.
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Easy places to buy crypto Coinbase and Robinhood. Please don't keep money on the exchange! Get a Ledger link above or any Crypto cold wallet. Not your keys not your Crypto
#Polygon
#EthereumScalingSolution
#Layer2Scaling
#Sidechains
#ChildChains
#ProofOfStake
#Validators
#DecentralizedApplications
#SmartContracts
#DeFiPlatforms
#NonFungibleTokens
#MATIC
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#HighGasFees
#Plasma
#Cryptocurrency
#BlockchainTechnology
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