Cryptocurrency Q&A
How is Polygon so cheap?
How is Polygon so cheap?
Lorenzo
Thu Oct 03 2024
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7 answers
1737
I'm curious, how is it possible that Polygon, a blockchain network that boasts of scalability, interoperability, and low transaction fees, is still relatively cheap compared to other popular cryptocurrencies? Is it due to a lack of mainstream adoption, or is there something else at play here? Could it be that investors are still hesitant to put their money into a project that's still in its early stages of development? Or is there a potential for Polygon to surge in value in the future, making it a worthwhile investment for those who get in now?
7 answers
Stefano
Sat Oct 05 2024
The advantage of this approach is that it alleviates the congestion on the main blockchain, which is often the cause of high gas fees.
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Michele
Sat Oct 05 2024
Polygon is designed to be highly scalable, with the potential to handle up to 65,000 transactions per second.
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Claudio
Sat Oct 05 2024
This is a significant improvement over traditional blockchains like Ethereum, which can only process around 17 transactions per second.
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CryptoVisionary
Sat Oct 05 2024
Polygon's primary objective is to reduce transaction costs, thereby making blockchain operations more affordable.
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Elena
Sat Oct 05 2024
The increased throughput of Polygon allows for faster and cheaper transactions, making it an attractive alternative for developers and users alike.
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