Content of article:
Hey amics!
I was wondering why polygon is so popular in this days, and I decided to learn a little bit on it. So here is my conclusions.
The problem
The Ethereum is one most popular blockchain nowadays, but it has a lot of disadvantages:
- high fees, it's really expensive to do a transaction.
- 30 TPS (transactions per second), is really slow.
- a lot people connected in the world to this blockchain, so the blockchain is always collapsed.
The solution
Here is where polygon comes to the rescue. Polygon helps to the Ethereum blockchain to avoid its main problems.
Polygon is another blockchain with this advantages
- utrafast! upto 65000 TPS (transactions per second)
- low fees, it's really cheap, over paper, it's about a cent per transaction
Polygon acts a sidechain over the Ethereum. Polygon does its work, and the result is sent to the Ethereum blockchain, so in this way, the Ethereum blockchain receives less transactions to process and performs better, the experience is better. So polygon does the hard way because is fast and Ethereum finally does its work with less effort and less cost. In resume, polygon is an Ethereum accelerator. Super cool!, doesn't it?
This is more or less the basic to know. If you understand this, you know the most important.
Dapps! The ETH problem
Currently the Dapps are connected to the Ethereum blockchain, but the transactions are slows and the fees are really expensive... so?
The Solution: Dapps over Polygon!
Polygon works with the same EVM as Ethereum, so moving the Dapps from Ethereum to Polygon is really easy. In this way, the companies and the developers prefers to move the Dapps from the Ethereum to the Polygon blockchain. So the user experience on the dapps are better and the results are the same, because at the end, polygon works with Ethereum... that it, polygon sends the transactions to the Ethereum blockchain, so all remains the same.
ETH2.0... The future of polygon
The future of polygon is brilliant, because Ethereum and Ethereum 2.0 always will need a sidechain like this to increase their performance, and ETH and ETH are most important blockchains on the moment. So polygon is important too. At least up to now.
Now polygon token it's about 0.80$ more or less, but it was 2.60$ as high. I think, as many people use polygon, the value will increase.
Conclusions
Polygon is a fast and cheap blockchain over the Ethereum blockchain which helps to have a better user experience and a better performance. Polygon is growing a lot! so take it into account to the future! :)
