Cryptocurrency Q&A
What chain is Polygon on?
What chain is Polygon on?
JejuJoyfulHeart
Wed Sep 11 2024
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6 answers
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Could you please clarify for me which blockchain network Polygon is built upon? Is it a standalone blockchain or is it built on top of an existing blockchain, such as Ethereum? I'm interested in understanding the foundational architecture of Polygon and how it integrates with other blockchains in the cryptocurrency ecosystem. Additionally, I'm curious about the benefits and advantages that Polygon offers as a result of being built on its chosen blockchain network.
6 answers
Carolina
Fri Sep 13 2024
The Polygon platform is an innovative solution that leverages the power of the Ethereum blockchain. It provides a scalable and efficient framework for developers to build and deploy decentralized applications.
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CryptoLord
Thu Sep 12 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of both individual and institutional investors. Among its offerings are spot and futures trading, as well as a secure wallet solution for storing digital assets.
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CharmedWhisper
Thu Sep 12 2024
By utilizing the Ethereum blockchain, Polygon is able to tap into its vast ecosystem of users, developers, and tools. This integration ensures that Polygon-based projects are seamlessly interoperable with the broader Ethereum network.
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Silvia
Thu Sep 12 2024
The platform's focus on scalability is a key differentiator. It addresses the issue of high transaction fees and slow confirmation times that have plagued the Ethereum network in recent years.
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HallyuHeroLegendaryStar
Thu Sep 12 2024
Polygon achieves scalability through a range of techniques, including layer-2 solutions and sidechains. These allow for the processing of transactions off the main Ethereum blockchain, thereby reducing congestion and improving performance.
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