What is a polygon project?
It is a platform whose main goal is to develop a decentralized Ethereum platform.
It is an easy-to-use and well-organized platform that is concerned with developing the infrastructure of the Ethereum platform and finding solutions for scaling into the second layer of the Blockchain.
Supports the creation of many types of applications.
The polygon platform was founded in 2017, the original symbol for the polygon coin is Erc-20
It operates on the Ethereum network but its transaction fees are paid by polygon.
polygon coin project
The emergence of some problems in the Ethereum network such as:
Productivity, transaction execution is rather slow and many transactions are delayed.
These and other problems were the idea to establish the Polygon Project, which aims to solve them.
Which has achieved a very impressive progress in this area.
It also aspires to establish a large open world without borders, enabling users to be able to buy and sell products and services without any intermediaries, smoothly and completely freely.
Features of polygon coin
1_ Independence from the currency patterns that follow Bitcoin.
Polygon was on the rise at a time when the crypto market was losing hundreds of millions due to the collapse in the price of Bitcoin and Ethereum.
2_ High speed in completing transactions.
The Polygon platform is characterized by the completion of more than 65.5 thousand transactions per second, which led to bringing partnerships to its platform, which has become the infrastructure for more than 400 decentralized applications.
3- Obtaining support from large investors.
For example, the famous investor Mark Cuban had invested a sum of money in the polygon coin, which gives it confidence to other investors and a clear evidence of the success of this coin project.
4_ investment product
The polygon project was placed in the investment funds of the Grayscale Corporation
To manage digital assets, which gives it a great opportunity to obtain support and increase its value further.
Can polygon coin be mined?
Its platform announced that the number of polygon coins is 10 billion pieces, so this coin cannot be mined and the only way to obtain it is through cryptocurrency exchanges.
The future of the polygon project.
The success achieved by this project through the solutions it provided and the trust it gained from major investors and the rise achieved by the polygon coin in the difficult times that all other currencies were going through led to its success, but the announcement of Ethereum2, which will achieve a very high transaction speed estimated at more than 100 thousand transactions per second may put the Polygon project in difficult conditions and lose a lot of the momentum it has achieved in addition to other competitors who are working with relatively high effort puts this project in an embarrassing situation.
But the founders of the Polygon project have plans for the future, although they are not clear, but they must work hard and with high efficiency to continue to achieve success.