Now you can securely access and interact with Polygon on Bitpowr.
On-Chain transaction
You can securely carry out on-chain transactions with the following polygon assets (MATIC, USDC_MATIC) between wallets on Bitpowr.
Smart contract wallet
We also support Polygon (Mainnet, Mumbai) on our smart contract wallet, where you can deploy, flush, and auto flush tokens. This is an on-chain non-custodial smart contract wallet designed to cut transaction fees and simplify user onboarding in web3 apps with multiple chains
What Is Polygon (MATIC)?
As the world’s second largest cryptocurrency, Ethereum has a lot of potential. However, the real value of this blockchain lies in its ability to scale and interoperate with other blockchains. Polygon allows developers to build decentralized applications (DApps) on top of Ethereum without having to worry about scaling issues; it does so by creating smart contracts that are able to run on multiple nodes in parallel without any coordination between them.
What is Polygon?
- Polygon is a cryptocurrency, with the symbol MATIC, which is used for governance, staking, and fee payments on the Polygon network (which means that MATIC holders get to vote on changes to Polygon). MATIC can be traded on different exchanges
- Polygon The goal of Polygon is to create an open-source smart contract based on Ethereum. This allows users to build their own decentralized applications (DApps) using their own custom code. It also has built-in support for common functions like consensus algorithms and identity management systems.
How Does Polygon Work?
Polygon is built on a new consensus algorithm called Proof of Correctness (PoCo) and is used to verify transactions. PoCo is a hybrid of PoW and PoS, which makes it more efficient than either one alone. In addition, it uses less energy because miners don’t need to spend money on electricity or hardware to mine blocks anymore; instead, they can earn tokens by validating transactions in the network using their computer’s processing power alone.
As you might expect from an “easy” cryptocurrency like this one—which gives users an option between getting paid immediately or waiting up to three days before receiving payment—polygons are designed so that they can be easily mined by anyone who wants them: all you need is access to your own computer (or smartphone).
Conclusion
In conclusion, Polygon is a great project and an important step for the Ethereum community. Scalability is a pressing issue in this time of growing interest in blockchain technology, and with Polygon, there will be more transactions per second on the Ethereum network than ever before. We are happy to support Polygon on the Bitpowr network. Get access here
