What Makes Polygon Different
One of the main benefits of Polygon is its scalability. It uses Layer 2 technologies, such as plasma and sidechains, to offload transactions from the main Ethereum network and improve its performance. This can help to reduce congestion and increase the speed of transactions, making it an attractive option for developers and users who want to build and use DApps on Ethereum.
With Polygon's Layer 2 superpowers, transactions can be processed outside of the hectic Ethereum network, which results in a reduction of gas fees. This is music to the ears of developers who require a high volume of transactions or users who seek to save some money on gas fees.
On Polygon, developers can build applications that offer smoother and faster transactions while avoiding the high fees associated with the congested Ethereum network. This can be a game-changer for any application that relies on large numbers of transactions to operate effectively. Similarly, users who engage in frequent transactions on the Ethereum network can also win big with Polygon as they save gas money on every transaction.
One of the key benefits of using Polygon is that it is fully compatible with the Ethereum Virtual Machine (EVM), meaning that developers can easily port their existing Ethereum applications to the Polygon network. This interoperability with Ethereum makes Polygon a versatile and flexible choice for developers, while also providing users with access to a wide range of Ethereum-compatible dApps and other blockchain applications. Polygon is supported by many EVM wallets such as BlockWallet. This means that users can easily use their existing wallet to connect to the Polygon network, without needing to set up a new wallet or create a new account.
Polygon has gained a significant amount of institutional adoption. It has partnerships with a number of major companies and organizations, including Starbucks, Disney, and Instagram. These partnerships have helped to increase the visibility and credibility of the platform, and have contributed to its growing popularity in the cryptocurrency and blockchain communities.
MATIC The Native Token of Polygon network
MATIC coins have various use cases within the Polygon ecosystem, including voting on proposals to participate in governance, contributing to network security through staking, and paying for gas fees. You can buy MATIC tokens on a decentralized or centralized exchange or receive MATIC tokens by staking.
How can I get MATIC tokens on my Polygon Wallet?
To get Polygon MATIC on BlockWallet is super easy. Thats why it makes one of the best Polygon Wallets outhere. You Can get Polygon in 3 easy ways:
Using BlockWallet On-ramp:
One of the simplest ways to get MATIC tokens is through the BlockWallet on-ramp service. This feature in the BlockWallet crypto wallet enables you to purchase cryptocurrencies using traditional payment methods such as credit cards or bank transfers. After setting up BlockWallet, you can access its interface to buy MATIC tokens with your preferred payment method. These tokens will then be added to your BlockWallet account.
Making a Swap with BlockWallet:
If you already own other cryptocurrencies and prefer to exchange them for MATIC, you can do so within BlockWallet. This process involves selecting the cryptocurrency you wish to swap and choosing MATIC as the currency you want to receive. BlockWallet facilitates this swap, and once it's completed, the MATIC tokens will be available in your wallet.
Using a Bridge with BlockWallet:
For transferring MATIC tokens or other cryptocurrencies from different blockchains to the Polygon network, BlockWallet's bridging feature is a convenient option. This feature allows you to connect your wallet and select the asset and amount you wish to transfer to the Polygon network. After confirming the transaction and covering the necessary gas fees, your assets will be transferred to the Polygon network and appear in your BlockWallet as either MATIC tokens or a wrapped version of the original asset.
How to use BlockWallet as a Polygon Wallet
If you havent, first you need to download the wallet. Check Download & Install The Wallet guide
Than you can follow Switch Networks & Reorder Your Network List
It's that easy!