Polygon - Internet of Blockchains - Deepstash

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Polygon - Internet of Blockchains

Polygon - Internet of Blockchains

Polygon is a framework for building & connecting Ethereum-compatible blockchain networks:

  • it aims to connect all Ethereum-like chains: Polkadot, Cosmos etc
  • go around Ethereum's scaling issues: high gas, low throughput

It is a developer friendly framework aiming to help build real world decentralised & secure applications.

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How Polygon Works

How Polygon Works

Polygon validators periodically perform checkpoints against the Ethereum main chain, as a mechanism to settle any transaction disputes that occur on the sidechain through cryptographic proof. 

  • Users can transfer tokens across Matic without incurring third-party risks and market liquidity limitations. Tokens that leave the Ethereum network are locked and represented as newly minted pegged tokens on the Matic network. The pegged tokens are burned when the user moves back to Ethereum.
  • Polygon uses the proof-of-stake & block producers are randomly chosen from the PoS validators in the network

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CURATED BY

vladimir

Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

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