POLYGON was launched on May 21st 2018 at 9:00 p.m(UTC). POLYGON has been one of the most preferred currencies for both investors and Tech companies that has its core foundation on blockchain technology. It is not only decentralized but also highly secured by using the Polymath protocol.
The POLYGON community has built up since May 2018 with numerous tech geeks, developers, traders and crypto enthusiasts. With the presence of the cryptocurrency on the number of exchanges, POLYGON has become one of the most preferred currencies for both investors and tech companies. It has its core foundation on blockchain technology.
POLYGON is not only decentralized but also highly secured by using the Polymath protocol which was designed to create a standard token protocol ensuring the necessary requirements such as KYC, AML and governance are built into the tokens themselves. The POLYGON protocol is a reusable set of smart contracts that can be deployed on any Ethereum network. POLYGON protocol gives developers an easy way to launch their own Matic based ERC20 token without having to pay the transaction fees for creating new side chains or even having to build their own blockchains.
POLYGON has many interesting features that makes it stand out of the crowd from other cryptocurrencies. Below are some points to describe the POLYGON project:
Decentralized and highly secure - By using the Polymath protocol, POLYGON is not only decentralized but also highly secured. POLYGON users can create new tokens using their ERC20 tokens easily without having to revert back to a centralized exchange.
Popular cryptocurrency - POLYGON has been one of the most preferred currencies for both investors and tech companies as it has its core foundation on blockchain technology. It is not only decentralized but also highly secured by using the Polymath protocol.
Multi-purpose cryptocurrency token - POLYGON has a maximum supply of 1,000,000,000 POLY and a circulating supply 559,836,414. There are many interesting features that makes it stand out of the crowd from other cryptocurrencies such as Paying Rewards to users, more of which will be discussed in the latter part.
More than 300 billion trading volume - POLYGON was launched on May 21st 2018. With the presence of the cryptocurrency on various exchanges, it has become one of the most preferred currencies for both investors and tech companies.
Fast transaction process - The goal is to have transactions completed in under a minute and at the same time to limit spamming. Hence, the block gas limit has been fixed to 4,000,000 instead of infinite.
Multiple transactional tokens - POLYGON allows for multiple transactional tokens to be created on its platform which means developers do not have to overcome too many technical difficulties in making a new token.
Low transaction fees - POLYGON will have low transaction fee which makes it one of the most preferred cryptocurrencies for users. By having a low transaction fee, users can create more projects and let their ideas come to life.
Instant Transactions - The Matic Network uses side chains to process transactions in parallel which means it is able to achieve instant transactions when required. More of Matic Network features will be discussed later in this article.
Stand out from the crowd - The goal is to have transactions completed in under a minute and at the same time to limit spamming. Hence, the Block Gas Limit has been fixed to 4,000,000 instead of infinite.
Liquidity Providing - POLYGON allows its users to have multiple transactional tokens which means developers are able to overcome too many technical difficulties in creating a new token. These ERC20 Tokens can be used for both profit and investment purposes against other cryptocurrencies.
Innovation - POLYGON uses the P2P network which enables users to have more control over their data while also reducing the reliance on third parties thus creating a more decentralized system.
Flexibility - POLYGON protocol is a reusable set of smart contracts that can be deployed on any Ethereum network. This allows for flexibility when creating new tokens or projects by making use of its P2P network.
ERC20 Tokens - POLYGON has a maximum supply of 1,000,000,000 POLY and a circulating supply 559,836,414. There are many interesting features that makes it stand out of the crowd from other cryptocurrencies such as Paying Rewards to users.
No static token supply - POLYGON has a dynamic token supply which means it will have a limit but no maximum supply. This is due to the fact that as more projects are created by the Polymath platform, the demand for tokens will increase thus making its value go up.
The future of cryptocurrencies - As mentioned earlier, POLYGON was launched on May 21st 2018. With the presence of the cryptocurrency on various exchanges, it has become one of the most preferred currencies for both investors and tech companies. This is why many are investing in this particular currency as they believe its worth will only increase with time.
