The Polygon blockchain has finally arrived to zondacrypto, and it will be a true game-changer for our users.
zondacrypto Team
The Polygon (MATIC) blockchain has finally arrived to zondacrypto, and it will be a true game-changer for our users. So many popular Layer-1 and Layer-2 blockchains boast strong throughput statistics and cheap transactions, but we have selected Polygon as the best choice for our new integration.
With the Polygon integration on zondacrypto, our users can access the fastest-growing blockchain ecosystem in the crypto industry.
Zondacrypto users will get access to the MATIC token on the Polygon network, along with limited withdrawals to a maximum of 10,000 MATIC per account per day.
Let’s check out what exactly does Polygon’s MATIC token bring to the table.
Why Polygon?
Polygon is a Layer-2 Ethereum scaling solution, which means it’s used to solve Ethereum’s scalability issues, such as slow transaction time, high fees, and generally low network throughput.
Polygon was initially launched as Matic in 2017 but rebranded to Polygon in 2021. Shortly afterward, the project exploded in popularity thanks to the advanced scalability features introduced by the developer team. This resulted in Polygon becoming the largest Ethereum Layer-2 network in the world and the go-to choice for developers of decentralized applications (dApps).
Current data shows that while Ethereum has over 1,500 active dApps, Polygon has 53,000+ dApps. That’s more than 30x, and the Polygon network continues to grow rapidly, which makes it an essential addition to a reputable and regulated cryptocurrency exchange like zondacrypto.
Listing Polygon’s MATIC token yields multiple major benefits to users.
Fast and Affordable Transactions
Polygon is built to scale up Ethereum transactions and provide a more efficient alternative. An Ethereum transaction fee can often cost several tens of USD, while sometimes, during periods of high network congestion, gas fees can go upwards of 50 USD. Even during low network traffic, users must pay at least a few USD to facilitate a transaction. A Polygon transaction only costs a fraction of a dollar.
Regarding transaction speed, the average Ethereum transaction takes between 15 seconds and five minutes, while the Polygon network achieves transaction finality in just 2–3 seconds on average.
Finally, Polygon has a massive network throughput of 65,000 transactions per second compared to Ethereum’s current capacity of up to 30 transactions per second.
These characteristics make Polygon a super fast, cheap, and efficient choice for crypto transactions, and zondacrypto users are now able to take advantage of these features while trading and exchanging MATIC tokens.
Enhanced Security
Polygon uses side chains to process transactions, allowing the network to facilitate thousands of transfers simultaneously. To maintain high security and prevent the validation of fake, double-spending transactions, Polygon uses various advanced cryptographic mechanics such as zk proofs, a Proof-of-Stake (PoS) network architecture, and plasma side chains to ensure every transaction is valid.
Furthermore, the Polygon team constantly strives to improve network security and patch up any potential safety holes before they become an issue.
User-Friendly Experience
The Polygon network is highly user-friendly and allows a high degree of interoperability with other blockchains that use the Ethereum Virtual Machine (EVM). This means that users can bridge their Polygon-based assets to Ethereum and other networks, as well as the other way around.
This is an important feature for active traders and crypto investors because users can save time and money by using Polygon and quickly exchange assets across multiple blockchains.
Users of zondacrypto will have highly-versatile assets at their disposal, and they won’t be limited by long transaction processing times or high fees, when they use Polygon.
Eco-Friendly Blockchain Transactions
Polygon is one of the most eco-friendly blockchains on the crypto market, thanks to its energy-efficient Proof-of-Stake blockchain mechanism. The network doesn’t use crypto miners to validate transactions. Instead, Polygon uses validator nodes that allow users to stake MATIC tokens and contribute to the network’s stability and validation protocol.
Hence, there is no massive consumption of electricity. In fact, Polygon consumes a fraction of the electricity used by Bitcoin, making it an excellent choice for facilitating crypto transfers while simultaneously caring about the environment.
By using Polygon, zondacrypto users choose a green, eco-friendly crypto option.
