1xBit has added a new cryptocurrency to its vast roster of supported crypto assets. Polygon is the latest addition integrated with the platform. This new coin offers players new possibilities thanks to its exceptional features and properties.
What is Polygon?
Polygon’s journey began in 2017 when the network was officially launched and named MATIC. It was founded by a passionate team of developers and co-founders. It is crucial to mention Jaynti Kanani, Sandeep Nailwal, Anurag Arjun and Mihailo Bjelic among others. MATIC’s mainnet was launched in June 2020 and the project was renamed Polygon in February 2021.
Polygon is a decentralized platform for Web3 applications and dApps intended to improve on some of Ethereum’s major shortcomings. It improves the scalability, usability and high transaction costs of Ethereum. Despite being crypto’s most popular smart contract platform, the ETH network is incompatible with other blockchains and often gets overloaded, resulting in high transaction costs.
Polygon is here to change that. It enables interoperability with other chains and creates a system where developers can easily introduce and maintain their own Ethereum compatible networks. Thanks to Polygon, the largest smart contract platform in the industry has become an Internet of Blockchains.
The ecosystem relies on a Proof-of-Stake (PoS) consensus algorithm with network validators. Polygon is therefore able to facilitate 65,000 transactions per second with the potential to scale to millions of transactions per second. This speed guarantees that every new block is found in less than two seconds.
The network supports many different scaling solutions: Plasma, ZK Rollups, Validum Chains, Optimistic Rollups, etc. The combined goal of all these is to dramatically increase blockchain throughput without reducing overall security and complicating the system to use . Polygon is reducing Ethereum’s workload by working on transactions on its PoS chain before capturing a final confirmation on Ethereum’s mainnet.
This revolutionary network is fully compatible with Ethereum’s Virtual Machine (EVM). Connected chains remain sovereign and maintain their own governance models. Yet at the same time, they are all interoperable with each other and with Ethereum.
Polygon’s home currency is called MATIC. The coin’s maximum supply is 10 billion units, 85% of which are already in circulation. Polygon can be proud of its achievements to date: more than 130 million users benefit from the strengths of its network. The blockchain processes more than 3 million transactions daily and there are more than 19,000 different dApps active in the ecosystem.
Thanks to 1xBit and Polygon, gambling with cryptocurrency is faster and easier than ever.
Why you should play with Polygon on 1xBit
Polygon transactions on 1xBit are lightning fast and cheap. The money will be in your account in no time.
Now is the perfect time to create your 1xBit account if you don’t already have one. A generous welcome bonus of up to 7 BTC for the first 4 deposits awaits all new players. 1xBit is an anonymous casino. Players can protect their privacy as only a valid email address is required to sign up. Withdrawals are instant and free. In addition to Polygon, 1xBit supports more than 40 other popular crypto assets, including the most popular coins such as Bitcoin, Ethereum, USDT, etc.
Take gambling to the next level with the highly scalable and cost-effective MATIC coin at 1xBit!