{"id":4465,"date":"2021-04-17T17:09:46","date_gmt":"2021-04-17T17:09:46","guid":{"rendered":"https:\/\/atozcrypto.org\/?p=4465"},"modified":"2021-04-17T17:09:46","modified_gmt":"2021-04-17T17:09:46","slug":"polygon-a-way-around-ethereums-high-gas-fees","status":"publish","type":"post","link":"https:\/\/atozcrypto.org\/polygon-a-way-around-ethereums-high-gas-fees\/","title":{"rendered":"Polygon: A way around Ethereum\u2019s high gas fees"},"content":{"rendered":"

If you are a trader of Ethereum<\/a> or its fan, then you must have heard about Polygon.<\/p>\n

What is it? It is a scalable sidechain network that is currently housing several Ethereum-based projects. These projects include Aave, Sushiswap, etc. among others, which uses Polygon\u2019s Plasma PoS chain to store contracts.<\/p>\n

\"Ledger<\/a><\/p>\n

Due to its rising popularity, its overall peaked at $600 million.<\/p>\n

Ethereum users often complain about high gas fees, a bottleneck that is very real for the network.<\/p>\n

Polygon has erased much of this bottleneck, by using the concept of EVM-compatible Blockchain, and PoS (Proof of Stake) Blockchain. This network can process 65,000 transactions per second, within 2 seconds. Apart from Aave, and Sushiswap, the network houses Avegotchi, Decentraland, Atari (Blockchain-based games), prediction markets (Polymarket), NFTs like OpenSea, etc. You can find Chainlink too on this network.
\n\"cloudways\"<\/a><\/p>\n

The reason behind its popularity, according to Sandeep Nailwal (co-founder)is its scalability. EVM compatibility and a stunning developer experience are also the reasons behind that.<\/p>\n

Anyone can use the Aave protocol on this network for a cheaper price.
\n\"\"<\/a><\/p>\n

The main motive behind Polygon is to establish a well-functioning ecosystem for Ethereum, and Blockchain users.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you are a trader of Ethereum or its fan, then you must have heard about Polygon. What is it? It is a scalable sidechain network that is currently housing several Ethereum-based projects. These projects include Aave, Sushiswap, etc. among others, which uses Polygon\u2019s Plasma PoS chain to store contracts. Due to its rising popularity, …<\/p>\n","protected":false},"author":1,"featured_media":4464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[15],"tags":[246,140,136,141,186,185,274,275],"aioseo_notices":[],"yoast_head":"\nPolygon: A way around Ethereum\u2019s high gas fees<\/title>\n<meta name=\"description\" content=\"Polygon is a scalable sidechain network that is currently housing several Ethereum-based projects. 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