Devenez Insider

Polygon: the blockchain that businesses love

Wednesday, January 25, 2023

In just a few months, the Ethereum sidechain has become one of the preferred partners of businesses. We investigated the reasons for this success 💰

These are not easy times for crypto projects. Because of the fall in the markets, the outlook is rather bleak, but some still manage to pull through.

This is the case with Polygon 🔥

A bit like the irreducible Gauls in the Asterix gang, the Ethereum sidechain, which has become a benchmark in NFTs, continues to develop and is multiplying collaborations with major companies: Walmart, Meta, Starbucks, Reddit. The list goes on and on!

How do you explain such success? That's what we set out to understand 🐳

One of the main advantages of Polygon, whose network was launched in 2020, is undoubtedly its low fees. They very rarely exceed a few pennies, and that's a real strong point in the NFT ecosystem and in a period like ours when money isn't flowing freely.

Then there's also the speed of transactions, which take little more than a few seconds to execute, while being fully interoperable with Ethereum: all transactions that go through Polygon are registered in the the second-largest blockchain on the market.

"Polygon launched at the right time," explains Quentin de Beauchesne (*), co-founder of start-up Ownest and a validator on the network since 2020. "In February 2021, at the height of the crypto boom, Ethereum reached its limits: the network was unusable for those with limited funds and Polygon was able to establish itself as a complementary solution."

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Cette analyse n'est pas un conseil en investissement. Elle a été rédigée sans prendre en compte votre situation personnelle et notamment votre situation financière, votre profil de risque et vos objectifs d’investissement.

Avant d’investir dans un produit, l’investisseur doit comprendre entièrement les risques et consulter ses propres conseillers juridiques, fiscaux, financiers et comptables.

Cet article est réservé aux abonnés insiders.

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