Polygon Layer2 is a scaling solution built on top of the Ethereum blockchain to enhance its performance and reduce transaction costs. Polygon operates as a Layer 2 network, processing transactions off the main Ethereum chain and periodically settling them back. It provides a framework for building and connecting various scaling solutions, including sidechains and zero-knowledge rollups. This technology addresses Ethereum’s limitations regarding speed and expense.
Context
Polygon Layer 2 is a prominent topic in cryptocurrency news due to its role in alleviating congestion on the Ethereum network. Many decentralized applications and projects leverage Polygon for its faster transactions and lower fees. Reports often cover new integrations, network upgrades, and the growth of its ecosystem. The ongoing competition among Layer 2 solutions for scalability remains a central discussion point in the digital asset space.
Humanity Protocol introduces a palm-scan-powered Proof-of-Humanity and Fairdrop mechanism, redefining sybil-resistant user acquisition for decentralized applications.
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