123 swap Prefers Polygon: An Intro to Polygon Mechanism


123 swap an all-in-one platform that offers a range of DeFi solutions across multiple chains in blockchain assets will start using polygon soon.

Smart contracts are used by 123 swap to automate and speed up the swapping process. However, it attempts to continuously improve its internal processes and deliver better and more efficient services to its loyal customer base.

What better way to do this than to build a meaningful collaboration with developing blockchain projects?

What actually is polygon:

Polygon is an Ethereum-compatible blockchain network building and linking protocol and architecture. Bringing together scalable Ethereum solutions to support a multi-chain Ethereum ecosystem.

The problem:

Ethereum is the most popular blockchain development platform, although it has a number of serious drawbacks, including lower throughput, poor user experience (gas, delayed PoW finality), and lack of sovereignty (shared throughput/clogging risk, non-customizable tech stack, governance reliance). Many projects are looking towards Ethereum-compatible blockchains as a method to get around these issues while still making use of Ethereum’s growing ecosystem. There is, however, no particular infrastructure for creating such blockchains, nor is there a mechanism for connecting them. This presents considerable development issues and fragments ecosystems.

How polygon has changed the game:

Polygon is a one-click deployment of predefined blockchain networks. It is a protocol and framework for constructing and linking Ethereum-compatible blockchain networks. It features an ever-expanding range of modules for creating customized networks. It gives Ethereum and other blockchain networks an interoperability standard for exchanging arbitrary messages. It features a highly secure architecture with customized modules that allow current blockchain networks to communicate with one other.

Main Goal of Polygon:

The main goal of Polygon is to create an “internet of blockchains” or a multi-chain ecosystem of Ethereum-compatible blockchains. It attempts to do this by providing a straightforward platform that allows developers to create their own unique Ethereum-compatible blockchain with a single click. Polygon proposes a system in which varied blockchains may freely and swiftly exchange currency and information, removing the technological and ideological barriers that now exist across most blockchains.

About 123swap:

The 123swap platform is a decentralized financial ecosystem that allows for smooth peer-to-peer crypto-asset swapping. It offers simple, transparent, and convenient exchanges, as well as income and investment management options, all without the need for a middleman. The platform aims to make the crypto trading mechanism as simple as possible while minimizing slippage.

The 123swap platform provides a variety of DeFi options for blockchain assets across several chains:

  • NFT Minting
  • Swapping
  • Staking
  • Yield Farming

The cross-chain value exchange mechanism allows platform users to trade directly with one another across any chain on a peer-to-peer basis.

123 swap’s mission is to create the next-generation financial ecosystem by empowering blockchain technology and expanding the usage of cryptocurrencies for purchase and payment across the financial sector.

Join us!

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