The role of a polygon (IN) in trade trends and the Cross market
As the world of cryptocurrency evolution, two significant actors appeared as leaders on the trade market of the cross chain: Ethereum (ETH) and Solana (Sun). Between these two Polygon (POL) she drew attention to an innovative approach to climbing cross transactions. In this article, we will deepen the role of a polygon in cross trade, analyze current market trends and examine the following for this promising project.
What is cross negotiations?
Cross negotiations relate to the process of transferring assets in various blockchain networks without prejudice to security or integrity. This approach allows users to use the strengths of different blockchain, such as Ethereum for intelligent contract functions, sooty for high -speed transactions and others.
Polygon (in) and his role in cross negotiations
Polygon is a forecast solution on a layer scale 2 aimed at improving the efficiency and scalability of the Ethereum blockchain applications. Its main goal is to reduce energy consumption necessary for the evidence of Ethereum proof (POS), maintaining the user’s constant experience.
Polygon achieves this through various innovative functions:
- 2 layer of scale : The polygon enables the implementation of decentralized applications (DAPP) at the top of the Ethereum, ignoring the need for a separate layer protocol 2.
- Transaction speed optimization : Optimizing gas consumption and reducing transaction speed, Polygon helps minimize the impact on the environment related to cross transactions.
- Faster transaction times : The greater scalability of polygon allows for faster transaction processing times, thanks to which it is more suitable for high -frequency negotiations and applications in the real world.
market trends
As the market is matured, several trends have appeared:
1.
2.
3.
4.
current market results
Because the polygon is still gaining strength, its prices are constantly rising:
- The current price of POL is around USD 1.50 (in March 2023)
- 24 -hour trading volume is around $ 100 million
Application
Polygon (Pol) appeared as a leader on the tilting trade market, offering innovative scalable solutions that improve performance and reduce costs. As the market trends evolution, the role of Polygon will probably expand to deal with more complex cases of use.
Although regulatory agencies around the world take action to determine the guidelines for cryptocurrencies, the ability to adapt and involve Polygon in innovation ensure its position of one of the main participants of the sector. Thanks to technological progress and increased party, we can expect a significant increase in the market value of poles in the coming months and years.
exemption from responsibility
This article is used only for information purposes and should not be considered as investment consulting. Always conduct full surveys before making investment decisions and consider your own risk and financial tolerance before investing in cryptocurrencies or other digital assets.