What is Polygon Coin? What are the characteristics of Polygon coin?

Polygon: Scaling Solutions for Ethereum

Polygon is a scaling solutions platform designed specifically for the Ethereum blockchain. It uses the side chain network to process transactions simultaneously, effectively improving the transaction speed and processing capabilities of Ethereum, while also reducing the cost of transactions.

Features:

• High throughput: Polygon can handle up to 65,000 transactions per second, much faster than the Ethereum mainnet.
• Low transaction fees: Polygon’s transaction fees are very low, typically only 1/100 of the Ethereum mainnet fees.
• Compatibility: Polygon is compatible with the Ethereum Virtual Machine (EVM), which means applications on Ethereum can be easily ported to Polygon.
• Security: Polygon inherits the security features of Ethereum, and transactions are verified by a decentralized network of validators.
• Modular: Polygon’s architecture is modular, allowing developers to customize the solution to their needs.

Advantages:

• Solve the problems of Ethereum congestion and high transaction fees.
• Provides developers with a high-performance platform to build and deploy decentralized applications.
• Promotes the expansion and innovation of the Ethereum ecosystem.

Polygon, as an expansion solution for Ethereum, has played a key role in promoting blockchain technology. Its excellent throughput, low cost, and compatibility provide convenience to enterprises and developers, making it the first choice for building and promoting decentralized applications.

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