How Polygon Works - Deepstash
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

STASHED IN:

25

MORE IDEAS FROM Polygon (MATIC) Ethereum's 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.

1

STASHED IN:

37

Deepstash helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

GET THE APP:

RELATED IDEA

Keep a positive perspective and understand that you only failed because you tried.

Failure in life is what teaches you lessons and pushes you a step towards your end goal. If you had not tried, then you wouldn’t have failed but then you wouldn’t have succeeded either.

STASHED IN:

57

A majority of people live an ordinary life. A few people, however, make it extraordinary by giving it a beautiful meaning. Whatever they do has a purpose that transforms them, their surroundings, and, ultimately society. Those who live a meaningful life are happier and their every day is an exciting journey. You should also find purpose and meaning in your life and for that, it is never too late.

3

STASHED IN:

41

STASHED IN:

0 Comments

Fashion Trend Forecasting

Fashion and trend forecasting is a process to predict the behaviour, buying habits and inclination of the consumer during a particular time of the year.

Apart from the age, geography, or income levels of the consumer, one has to look at the occasion, mood, beliefs, and fashion cycles and predict upcoming trends.

The calculation is done as follows: Season>Target Market>Consumer>Colors>Fabrics>Silhouette>Texture>Usage

2

STASHED IN:

16