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.