How to buy Stellar lumens
How do cryptocurrencies work?Cryptocurrencies work using a technology called blockchain. They are tokens that can be used as a form of payment in exchange for online goods and services. They carry a pre-determined store value of their own, just like any other fiat currency like the US dollar or the Indian rupee. Cryptocurrencies are digitally mined, where very sophisticated computers solve extremely complex computational mathematics problems. Their mining is painstaking, costly and only sporadically rewarding. PRN Top Stories Newsletters News Categories
Formerly known as the Matic Network, Polygon is a scaling solution that addresses Ethereum’s scalability issues. Due to the Ethereum blockchain’s architecture, it has limitations on transaction speeds and throughput. As transaction demand increases, the network gets congested, causing transaction fees to increase. Polygon aims to solve Ethereum’s challenges by bringing this computation off-chain using sidechains and a decentralized network of Proof-of-Stake (PoS) validators. This method significantly reduces the network load on Ethereum, thereby increasing transaction speed and lowering transaction costs. Top Cryptocurrencies .css-3sbs59Polygon (formerly known as Matic Network) is a decentralised platform that aims to provide scalable and secure infrastructure for the Ethereum ecosystem. Polygon is designed to help scale the Ethereum blockchain by offloading some of the transaction processing to its own network, which allows for faster and cheaper transactions.