what blockchain is polygon helping to scale

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The Ethereum network

 

What is Polygon crypto used for?

The Polygon platform powered by the MATIC token was launched to connect people and grow. EthereumProjects and blockchains that are compatible with each other. MATIC tokens can be used to manage and secure the Polygon network, as well as pay transaction fees.

 

Is Polygon a Layer 2 blockchain?

Polygon is a Layer 2 Scaling Solution for the Ethereum blockchain. Polygon is a faster, concurrently running blockchain that runs alongside the Ethereum Multiple sidechains are used in blockchain. These sidechains work using the following methods in order to increase scalability.

 

What is the most scalable blockchain?

Solana. Solana (SOL-1.42%) is one of the most promising cryptocurrencies in terms of scalability. Solana’s development team claims that it can process up to 50,000 per hour.

 

Will Ethereum 2.0 Destroy Polygon?

Polygon shouldn’t be considered obsolete because of the existing partnerships and success with products. Ethereum 2.0. Moreover, according to current knowledge, Ethereum Polygon’s top speeds or prices will not be reached even after the update.

 

Does Polygon have a future?

Polygon (MATIC Price Prediction 2024 MATIC’s value could continue to rise due to the efforts by the network’s developers, community investors, and other investors. The trend for 2024 is therefore bullish. MATIC is projected to reach a maximum rate at $9.55 before the end of 2024.

 

 

 

 

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