Polygon

$MATIC

Polygon - Ethereum's internet of blockchains

Blockchains power a revolution to provide Digital Sovereignty, but most solutions today can't scale to a bn users

Polygon enables access to the blockchain and its application for everyone, and also creates a wide range of solutions varying from standalone EVM chains to L2s

They have accepted the Ethereum's Modular blockchain thesis and are creating the best execution/data layers

Let's look at Polygon product stack

  • POS sidechain
  • Polygon Supernets
  • Polygon Zero
  • Polygon Miden
  • Polygon zkEVM
  • Polygon ID
  • Polygon Edge

1)Polygon POS is an ethereum sidechain with very fast txns at Low cost

Polygon POS get's it's fast speed due to Dual POS mechanism and security & decentralisation by committing state(checkpointing) to Ethereum mainnet

  • High transaction speed (~1 second)
  • Negligible fees (~$0.01)
  • Ethereum Compatibile
  • 1.2B+ TVL
  • ~3M txn per day
  • 37K+ Dapps

2)Polygon Edge reduces the friction of creating custom chain, you can deploy any polygon solution in minutes!

It is a modular framework for building Ethereum-compatible blockchain networks(POS or L2s)

Consensus, Execution, RPC, bridges etc are available as plug-ins

3)Polygon Supernet built upon Edge, Supernets abstract the process of deploying new chain:

  • Validator as a Service - Validators are the biggest expense of a new chain, Polygon provides validators on demand for free
  • Optional Shared Security
  • Interoperability - Supernets would have a standard framework to be interoperable
  • $100M fund to foster growth of ecosystem

Supernets enables cosmos/avax like app-chains that are built on top of ETH, providing high scalability and sovereignty to Dapps or enterprises

4)Polygon Avail is a data availability layer which can be used by rollups as a layer to submit txn data

They use KZG proofs like Eth Sharding(2024) to ensure data availability which gives very strong guarantees to rollups

This will reduce rollups fees to <$0.001

5)Zk Rollups are the holy grail of scaling, they do processing outside of Eth mainnet and submit a ZK proof of computational integrity which is verified by Mainnet

Storing just proof & compressed transfer data increases network throughput significantly

6)Polygon ID is self-sovereign private identity solution that let's you prove the identity of a person without revealing the identity to anyone through zk tech

ID is private by default, offers on-chain verification and permissionless attestation also solves one of the biggest problems of blockchain networks - Sybil-resistance, which means it can help identify humans vs bots while maintaning the user privacy

This can help with creating a democracy in governance or identify users for airdrops


Product Summary:

Polygon has created robust scaling solutions in various flavors and robust infrastructure, all further pushing this industry forward. Show Less

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2024 Cyrator - Verified Crypto Intel

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