Sentient Labs

Polygon is a decentralized “layer two” or “sidechain” Ethereum scaling solution that enables developers to build scalable user-friendly dApps. The blockchain prides itself on having low transaction fees while being secure and sustainable. Polygon’s Proof-of-Stake (PoS) solution boasts transaction speeds of up to 7,000 per second, significantly better than many other blockchain protocols currently. The PoS system allows anyone to participate and earn rewards through staking. Validators run nodes on the Polygon blockchain that participate in group consensus work and write checkpoints to the Ethereum mainnet. Validator nodes verify transaction and add new blocks to the blockchain, as compensation they earn rewards in MATIC. Delegators build on this framework by contributing to the networks security, also in exchange for token rewards.

What is MATIC?

Polygon has its own cryptocurrency, called MATIC, which is used to pay fees on the Polygon network, for staking, and for governance. The name MATIC comes from the early days in Polygon’s development when it was originally launched as the Matic Network in October 2017. The developers rebranded as Polygon early in 2021.

Newsletter Sign Up

Subscribe to our email newsletter to receive updates on projects, breaking news, new blog notices, happenings around Sentient Labs, and more. You may unsubscribe at any time.

Learn Terms

GM

What does the term GM mean? If you have spent any time on crypto or NFT related Twitter accounts, Discord servers, or Telegram channels, you

Over-the-Counter (OTC)

What Is Over-the-Counter (OTC)? Over-the-counter (OTC) in crypto and NFTs refers to the process of trading person-to-person instead of via a 3rd party marketplace or

Learn Security

Hardware Wallet Setup Recommendations

Hackers are constantly looking for new ways to compromise your security and gain access to your crypto currencies and NFTs. Protecting your tokens can seem

Further Reading

Dimension X Featured Image

Dimension X Public Sale Launches on Gaia

The Dimension X public sale launched today on the Gaia marketplace. Dimension X is a Free-to-Play, Play-to-Earn strategic role playing game on the Flow blockchain

Polygon

What is Polygon?

Polygon is a decentralized “layer two” or “sidechain” Ethereum scaling solution that enables developers to build scalable user-friendly dApps. The blockchain prides itself on having