Polygon
POL

Polygon

Polygon aims to create "Ethereum's internet of blockchains" by providing a simple-to-use framework that allows developers to each launch their own custom Ethereum-compatible blockchain in a single click.

Assets you can buy on

Polygon

chain

What is

Polygon

chain?

Polygon offers developers a range of modules for deploying custom blockchains, including consensus and governance modules, execution environments, and virtual machine implementations. These blockchains benefit from the POL proof-of-stake sidechain, which speeds up transactions and reduces fees while finalizing everything on the Ethereum mainchain.

Polygon supports stand-alone and secured chains and various blockchain scaling mechanisms, including Matic Plasma. The platform's utility token is POL and is used for gas fees, governance, and in the Polygon DeFi ecosystem.

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Polygon

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Assets you can buy on

Polygon

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Frequently asked questions

What is Polygon and how does it work?

Polygon is a scaling solution and framework for building Ethereum-compatible blockchains. It aims to address the scalability and high transaction fees associated with the Ethereum network. Polygon achieves this by utilizing a combination of technologies, including sidechains, plasma chains, and a decentralized network of validators. These technologies allow for faster and more cost-effective transactions while maintaining compatibility with the Ethereum ecosystem.

What assets can I buy on the Polygon network?

Currently, you can buy USDC (USDC-Polygon) through Kado to your self-custody wallet.

Is Polygon secure for conducting transactions?

Yes, Polygon places a strong emphasis on security. It leverages Ethereum's security and decentralization while providing additional security measures specific to the Polygon network. These measures include a decentralized network of validators and a robust consensus mechanism. Additionally, Polygon conducts regular audits and security reviews to identify and address any potential vulnerabilities, ensuring a secure environment for conducting transactions.

Can I transfer my tokens between the Ethereum network and Polygon?

Yes! You can use Kado to bridge or swap tokens between another network (including Ethereum) and Polygon.

What are the benefits of using Polygon for Ethereum users?

- Faster Transactions: Polygon's layer-2 scaling solution enables faster transaction confirmation times, providing near-instantaneous transaction finality. - Lower Transaction Costs: By leveraging Polygon's network, users can significantly reduce their gas fees, making transactions more affordable and accessible. - Enhanced Scalability: Polygon's architecture allows for a higher throughput of transactions, relieving congestion on the Ethereum network and improving overall scalability. - Interoperability: Polygon maintains compatibility with the Ethereum ecosystem, allowing users to seamlessly interact with existing Ethereum-based applications and smart contracts. - Growing Ecosystem: Polygon has attracted a vibrant and expanding ecosystem of decentralized applications (DApps), protocols, and services, offering users a wide range of options and opportunities.