In the cryptocurrency world, there are many different projects trying to achieve different things. Some are focused on being a payment system, others are focused on privacy, and still others are focused on smart contracts and dapps.
One project that is trying to do all of these things is Polygon (formerly Matic Network). Polygon is a Layer 2 solution that uses sidechains to provide scalability, security, and user-friendly experience to Ethereum users.
Polygon has been making a lot of progress lately. They have launched their mainnet, added support for popular wallets like MetaMask and Coinbase Wallet, and launched Polygon Bridge to connect Ethereum with Binance Smart Chain.
They have also partnered with some big names in the space like Aave, Curve, Decentraland, and Chainlink. With all of this progress, it’s no wonder that people are asking if Polygon is an Ethereum killer.
NOTE: This article, ‘Is Polygon an Ethereum Killer?’ is for informational purposes only. It does not provide investment advice and should not be treated as an endorsement to invest in any cryptocurrency or blockchain-based asset. All investments involve risk and the reader should conduct their own research before making a decision. The author and publisher are not responsible for any losses or gains incurred as a result of investing in any cryptocurrency or blockchain-based asset mentioned in this article.
The short answer is no. Polygon is not trying to replace Ethereum. Instead, they are trying to complement it by providing a solution for Ethereum’s scalability problem.
Polygon is also working on making it easy for developers to build dapps on their platform. So far, they have been very successful in onboarding developers and dapp users.
The long answer is a little more complicated. While Polygon is not currently an Ethereum killer, they could become one in the future. Right now, Ethereum has a big advantage in terms of developer mindshare and ecosystem support.
However, if Polygon continues to make progress at the same rate they have been, they could eventually overtake Ethereum. Only time will tell if this will happen or not.
9 Related Question Answers Found
It’s been called the “Ethereum killer” by some, and it’s easy to see why. Polygon is a project that’s been gaining a lot of traction lately, and it promises to offer a lot of the same benefits as Ethereum, but with some major improvements. So, is Polygon really an Ethereum killer Let’s take a look.
Sol Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Sol Ethereum is built on a blockchain, a shared global infrastructure that can move value around and represent ownership of property. A blockchain is a distributed database that maintains a shared list of all the transactions that have ever been made.
As the second-largest cryptocurrency by market capitalization, Ethereum has long been considered the silver to Bitcoin’s gold. But could Solana, a new kid on the block, dethrone Ethereum as the go-to blockchain for decentralized applications (dapps)? Launched in March 2020, Solana is a high-performance blockchain that boasts some impressive technical feats.
Polygon is a project that aims to build a more scalable and accessible Ethereum network. It does this by using a network of sidechains that are connected to the Ethereum mainnet. This allows for faster transaction times and lower fees, as well as increased security.
Fantom is a new blockchain platform that promises to be faster, more scalable, and more user-friendly than Ethereum. Fantom is designed to power the next generation of decentralized applications (dApps), including those that require real-time data or high transaction throughput. While Ethereum has proven to be a popular platform for dApp development, it has also been plagued by scalability issues that have limited its ability to support large-scale applications.
Cryptocurrency is all the rage these days. With Bitcoin, Litecoin, and Ethereum leading the pack, there are plenty of other digital currencies to choose from. But what if there was a new cryptocurrency that could potentially dethrone Ethereum?
As one of the most popular cryptocurrency platforms, Ethereum has seen a lot of development in recent years. Part of this development has been the rise of Polygon, a project that promises to make Ethereum more scalable and efficient. But is Polygon actually part of Ethereum?
A polygon is a mathematical shape consisting of straight line segments. In computer graphics, polygons are used to represent three-dimensional objects. A polygon is an address on the Ethereum blockchain.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a Scrypt coin. Scrypt is a type of proof-of-work (PoW) algorithm that is used by many cryptocurrencies.
