CrossTower Integrates With Polygon
Polygon, formerly known as MATIC, is the first well-organized and simple-to-use Ethereum scaling and infrastructure development platform. The Polygon SDK is the main component, a versatile and modular system that allows for the development of a wide range of applications. Polygon successfully converts Ethereum to a multi-chain scheme. Polygon is distinguished by the fact that it is defined as a Layer 2 scaling solution. This suggests that there are no immediate plans to move to the new blockchain base tier. The Polygons project aims to improve scalability and simplify instant blockchain transactions.
The Matic network provided an ecosystem for decentralized applications using plasma sidechains, allowing for a cheaper, simpler, and quicker time to market. The Matic solution’s appeal is bolstered by Ethereum’s high gas fees and the rising demand for decentralized application growth.
Aave, a decentralized finance company, is collaborating with Polygon to alleviate a bottleneck in the world’s second-largest blockchain. Together, they will look at scalable sidechains to get around Ethereum’s current high transaction fees. They also want to fix Ethereum’s other drawbacks, such as poor user interface (delayed transactions) poor performance, and lack of community governance with a new sidechain solution.
MATIC is a one-of-a-kind cryptocurrency, and CrossTower is thrilled to be adding it to its global network. CrossTower is ecstatic to be a part of such a creative coin. CrossTower aims to be able to provide a diverse collection of digital assets to its customers.