The polygonal network violates Ethereum in terms of active users

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With new additions of more than 566,500 users, the Polygon blockchain network has grown significantly by 18% in the past month, according to a recent report by Polyconscan. The network now surpasses the popular Ethereum blockchain network — in terms of user site. Ethereum is the second most valuable blockchain in the world after Bitcoin. This is the first time that the number of users of a polygonal network is higher than that of Ethereum, which has only recorded a 0.6 per cent increase in its user base in recent days.

Ethereum is an open source public blockchain network that allows anyone to send cryptocurrency for a small fee. The network empowers many applications that can be used by everyone and not taken by anyone. This programmable blockchain allows people to transact in digital money without the involvement of banks or brokers. According to Ethereum.org, it also serves as a market for financial services, games and applications without censorship.

The polygonal network, on the other hand, is a framework used to create such blockchain networks that can integrate with the Ethereum network. With Polygon Blockchain, it is possible to create multiple chain systems of full size that can work synchronously with other interfaces built into Ethereum. According to Polygon.technology, the network maintains better security when resolving issues related to blockchains – such as slower speeds and higher transaction fees.

Despite large market volatility due to China’s crypto repression, Balagon’s own currency has been performing well in recent days. As of Friday, September 8, the Medic is trading 3.59 percent higher at $ 1.36 (approximately Rs. 102). In a statement, Cryptopolitan.com said investors consider polygons to be a secure and sustainable crypto-investment option.

It should be noted, however, that the polygonal network is not as “secure” as it sounds. In August, for example, the polygonal network was hacked and the attackers allegedly stole $ 600 million (approximately Rs. 60 crore) worth of crypto assets.


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Cryptocurrency is an unrestricted digital currency, not a legal tender and subject to market risks. The information contained in the article is not financial advice, business advice or any other advice or any kind of recommendation provided or approved by NDTV. NDTV will not be liable for any loss incurred on any investment based on any suggestion, forecast or any other information contained in the article.

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Radhika Parashar is the senior correspondent of Gadgets360. He has been reporting on technology and telecommunications for the past three years, and will focus on writing about all things crypto. Other than that, he’s a big sitcom nerd and often responds to Chandler Bing and Michael Scott notes. You can contact her at [email protected] for tips or questions. Further

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