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Cryptocurrency MATIC yesterday updated weekly highs with a rise of 10%, after Cointelegraph published an interview with one of the founders of Polygon, Sandip Nailwal. The answers to the questions of the popular crypto publication convinced investors that the second level protocols will remain in demand when Ethereum moves to version 2.0.
Now users of the Polygon network can transfer ERC tokens at a speed of 2 seconds, paying a commission of 0.001 MATIC, the rate of one coin is $ 2.6.
Low costs and high reliability of the protocol led to the fact that all popular DeFi applications were switched to it, including the Uniswap DEX exchange, which are losing customers due to high fees on Ethereum. The developers are going to solve this problem by switching to a PoS algorithm in the second version.
Sandip Nailwal recalled that high fees are not the only reason for users to migrate to Polygon. The Ethereum block has a throughput of 13 transactions per second, the second version will increase it to 20 transactions per second.
Sharding will actually work at best in three years; it will take five years for the full launch of 64 shards. In this case, the capacity of the blockchain will increase at a maximum of 1280 transactions per second. This figure will still be small for the normal functioning of the ecosystem.
On the other hand, the reduction in commissions will make it cheaper to transfer ERC tokens to the second level protocols, which will also continue to improve the code. In particular, Polygon will give developers great opportunities for smart contracts to work. Companies will be able to launch enterprise blockchains linked to the validation consensus of the main Ethereum blockchain.
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