What is Polygon (MATIC) and Is It Profitable?
A layer-2 answer is a blockchain that runs parallel to a mainnet — in Polygon’s case, Ethereum — however approaches transactions outside of the mainnet, ensuing in an improved throughput (transaction velocity) and decrease gasoline charges. In other words, what layer-2s do is they build a communication channel between the two blockchains and ship the facts package deal (the transaction statistics) from the mainnet to the parallel blockchain to execute the transaction for a fragment of its value and at a much better velocity, all without compromising the Ethereum mainnet. As we recognize, Ethereum is the go-to environment for most software program builders looking to release their dApps (decentralized programs) because of its significant and secure infrastructure and innovative tooling. However, the high demand for dApps and the following supply clogged the network, and its throughput has considerably downgraded — it’s now not uncommon to look gas costs rising up to two or 3 digits in U...