Ethereum is the most widely used decentralized platform for operating with smart contracts. However, it is not exempt from problems: its processing capacity is limited, and congestion translates into high costs for its use.
Polygon is a scalability solution that comes into play to address the frequent problems with Ethereum. It seeks to provide tools to improve speed and reduce the cost and difficulties posed by transactions.
The relevance of "sidechains"
Polygon's main chain is a Proof-of-Stake (PoS) sidechain where network participants can stake their funds through a token called "MATIC" to validate transactions.
A sidechain allows information and transactions to flow faster and at lower costs, serving as an alternative route to relieve congestion on the main chain.
Transactions on Polygon are secured through a technology known as "Merkle trees," and are sent to Ethereum, ensuring that the information is unchangeable and backed up on the main network. In this way, Polygon allows for the expansion of use cases for Ethereum, guaranteeing developers and users lower costs and shorter delays when using the network.
Why did we integrate Polygon into belo?
We want you to be able to move your money in the most agile and economical way possible. Polygon is one of the most popular scalability solutions today, and a large number of decentralized applications prefer it for its shorter waiting times and associated costs.
It is currently possible to make transfers of USDT and USDC to and from your belo wallet through your Polygon addresses. You can access them in the "Deposit" and "Transfer" sections, by clicking on "Cryptocurrencies".
External links to learn more: