Spoon offers direct smart contract access to popular dApps and supports multiple chains, including Ethereum, Polygon, BSC, Avalanche, Fantom, ETF, ETHW, Arbitrum, etc.
As Polygon announced that its zkEVM Public Testnet went live on the 11th of October 2022, which enables cross-compatibility with existing smart contracts, developer tools, and wallets built on Ethereum and Polygon, Spoon can further help developers interact with these smart contracts more easily and quickly to launch their dApp demos for testing.
Polygon Explained
Ethereum was the first programmable chain, and we can actually thank Ethereum for the Polygon network. After all, it was the increased adoption of Ethereum that caused network congestion and astronomical transaction fees. Hence, during the recent crypto bull run, it was economically challenging to develop dapps. As such, a scalable solution was suddenly in high demand. One of the reputable solutions was Matic, which rebranded to Polygon in February 2021.
Polygon is a decentralized Ethereum scaling platform. Thus, it is a potential solution to the congestion issue that the Ethereum network faces. In other words, Polygon serves as a more economically sustainable development platform. It helps ensure that devs can create dapps without spending a fortune on gas fees. Moreover, it’s important to note that it does so without compromising the security of the Ethereum blockchain. Accordingly, it makes a lot of sense to connect your dapp to Polygon.
Furthermore, Polygons’ tagline – “bringing the world to Ethereum” – tells you they aren’t competing with Ethereum. Rather, they are working with the leading development blockchain to help create a sound Web3 infrastructure. Because of this relation to Ethereum, there are many similarities between the two networks. For one, Polygon uses the same token standards (ERC-20, ERC-721, and ERC-1155). Also, the native token of Polygon (MATIC) is an ERC-20 token. Regarding MATIC, Polygon users utilize this network’s native currency to govern the chain. Of course, it also serves as a payment for the relatively low transaction fees.
Nonetheless, until the Ethereum merge, Polygon and Ethereum used different consensus mechanisms. However, both chains are now powered by a more scalable alternative – proof-of-stake (PoS).
At the time of writing, Polygon has more than 37,000 dApps, 130 million users with over 3 million daily transactions. Apart from that, Polygon has completed over 3.4 billion transactions since its inception.
Polygon achieved its incredible achievement of crossing 150 million unique addresses.
Reference link: Polygon (MATIC) Crypto: Everything You Need to Know - Geekflare