MATIC BECOMES POLYGON TO FURTHER ADVANCE THE PERFORMANCE OF ETHERUM BLOCKCHAIN INFRASTRUCTURE
INTRODUCTION
Decentralized finance has succeeded in creating opportunities for the development of financial tools and a payment system devoid of intermediaries, since its introduction, various traditional financial institutions have become almost obsolete while others are struggling to keep up with the prevailing global financial demands, DeFi Lee to the introduction of some digital ledger called blockchain with Etherum been one of the most popular blockchain infrastructures of the new financial paradigm, also there is the bitcoin, tron and several others.
Etherum despite its impressive features struggle with scalability and achieving high throughput and transaction finality, to improve on these flaws and other aspects , Matic network was created.
Matic network is an innovative structure designed to improve the scalability of the Etherum network by utilizing an adapted version of plasma while maintaining side chains operating on proof of stake algorithm, the network aims to simplify user- blockchain interaction, slow block confirmation as well as the high transaction fees on etherum.In a bid to further strengthen Etherum and reach for more heights in mainstream adoption, Matic has expanded its scope and mission to become POLYGON.
WHAT IS POLYGON
This is a well designed completely user friendly substrate built for the scaling of etherum and its infrastructure. It is a protocol created to facilitate the building and linking diverse compatible networks to the etherum blockchain. Polygon bring an entirely different experience for users on the blockchain by fusing the best of etherum features and other blockchain to increase performance and usability through a range of services including
- Deployment of adaptor modules to facilitate cross chain interactions between already existing blockchain infrastructures.
- Preset blockchain networks that are or can be initiated only with one click.
- Polygon makes provision for a protocol that helps the Etherum network to be able to share or exchange arbitrary messages with other blockchains.
- Creation of custom networks by properly developing a set of advanced modules.
FEATURES OF POLYGON INCLUDES :
1. Highly Scalable
Polygon is built with optimum scaling capacity through dedicated blockchain, modernized consensus algorithm and wasm execution environment.
2. Cross chain interactions
Interoperability is another aspect where the polygon structure is thriving, it provides support for arbitrary exchanging of tokens, contract calls and others as well as functions as a bridge between etherum and off chain systems.
3. UNBEATABLE UX
The polygon network boasts of an interface that is not only user friendly but also is easy to use such that users will have no difficulties navigating the ecosystem. There are many more features of the polygon network, for more information, visit….
One must be wondering, if matic has become polygon, does it mean matic that the existing matic solutions will go obsolete?
The answer is no, matic solutions will continue to progress in development, especially the matic PoS and plasma chains will continue to operate normally, developed and form part of Polygon ecosystem.
The matic digital token will also continue to facilitate governance and system operations and security. Moreso, the pioneers of polygon and magic will continue to work hand in hand under this new brand, however, the doors are open for hire to professionals and experts in blockchain development in order to help build a more stronger and durable scaling infrastructure.
CONCLUSION
POLYGON is developed to improve the performance of etherum and increase its adoption, the idea is to expand the blockchain financial solutions for the large global user base, with polygon, the Etherum network will reach wide scale adoption and facilitate the development of several innovative Dapps for the DeFi industry.
For more information, kindly visit https://polygon.technology
Article Written By: Adasofunjo Michael Oluseye
