What is Polygon?
Polygon is a layer 2 solution which has been developed on top of the Ethereum blockchain. As the Ethereum blockchain becomes increasingly popular and more widely adopted its transaction volume has increased. This has resulted in slower transaction speeds, and increased fees for using the network. Energy consumption for these transactions is typically high, which is not environmentally sustainable.
However, Polygon operates via a proof of stake approach which minimises energy consumption and is one of the leading eco-friendly solutions to NFT technology. Explore more here>
Last modified 5mo ago