Cryptocurrency Q&A
Why is Polygon so cheap?
Why is Polygon so cheap?
SsamziegangSerenade
Fri Sep 13 2024
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7 answers
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I've been noticing that the price of Polygon seems to be quite low compared to other popular cryptocurrencies. Could you help me understand why that is? Is it due to a lack of adoption, or perhaps a lack of confidence in the project's long-term potential? Or is there something else at play here? I'm genuinely curious and would love to hear your thoughts on this matter.
7 answers
KiteFlyer
Sat Sep 14 2024
This is made possible due to Polygon's advanced scaling solutions, which enable it to handle a much higher volume of transactions compared to Ethereum.
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Leonardo
Sat Sep 14 2024
Specifically, Polygon boasts the capability to process up to 65,000 transactions per second, a figure that dwarfs Ethereum's capacity of approximately 17 transactions per second.
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CryptoVeteran
Sat Sep 14 2024
Polygon offers a unique approach to reducing transaction costs within the blockchain ecosystem.
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Pietro
Sat Sep 14 2024
This dramatic increase in transaction throughput translates into faster and more affordable transactions for users, making Polygon an attractive option for those seeking to minimize their blockchain-related expenses.
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CryptoNerd
Sat Sep 14 2024
Its core strategy revolves around leveraging side chains for transaction processing.
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