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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Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.
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How Is the Elrond Network Secured?
- Elrond uses what it calls a secure proof-of-stake consensus algorithm in which nodes must stake their EGLD tokens to participate in the validation process, and each validator is assigned a rating score based on past activity.
- Validators
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