📣 Let's get to know the Polygon platform.

📣 Let's get to know the Polygon platform.

What is Polygon?

Polygon is a platform built for Ethereum-based infrastructure development and extensibility for issuing interoperable blockchains under a single system, shifting from Ethereum to Multi-Chain. Polygon is based on the Polygon SDK, which is a modular, flexible framework. Ready to support the creation of applications

The Polygon platform's token, MATIC, is an ERC-20 standard token that pays the platform's fees. and used as the value of money between users operating in the system.

So what is the purpose of Polygon?

Polygon aims to simplify expansion and transactions on the Blockchain by using the Plasma framework.

What are the advantages of Polygon?

1) Polygon will solve Ethereum's limitations on transaction speed. collective community control

2) Developers build optimistic rollup chains and ZK rollup chains to develop theoretical concepts and create sovereign blockchains with a clearer system of operations.

3) Multi-Chain system will help with security.

4) Plasma Framework will allow the system to be flexible and independent.

5) Polygon reduces transaction time. Because it supports up to 65000 transactions per second and it takes only 2 seconds to confirm.

What are the disadvantages of Polygon?

1) Despite the low fees, the market cap and overall value ratio are still high.

2) Polygon still relies heavily on Ethereum.

3) Matic plasma chains still have limited options. Compared to using POS Chains there is more flexibility and choice.

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