Increase Your Crypto Gambling Experience With Polygon on 1xBit
Press release: With the inclusion of Polygon, users of the well-known gaming platform 1xbit may now take advantage of the incredibly fast transaction rates and extremely low costs. (Matic)
Cyprus's Limassol on September 26, 2022 — Polygon [MATIC] has been added to 1xBit's growing list of supported crypto assets. The top 10 cryptocurrencies offer gamers new opportunities with lightning-fast speeds and virtually no transaction costs.
What is the hype about? - Polygon
A decentralized platform called Polygon is designed to address some of Ethereum's biggest problems by supporting Web3 applications and dApps. It enhances Ethereum's scalability, usability, and high transaction fees. The ETH network is the most widely used smart contract platform in cryptocurrency, however it is incompatible with other blockchains and frequently congested, leading to high transaction fees.
To remedy this, there is Polygon. It allows for chain interoperability and establishes a framework for developers to quickly introduce and maintain their own Ethereum-compatible networks. The largest smart contracts platform in the market has evolved into an Internet of Blockchains as a result of Polygon.
MATIC
MATIC is the name of the native currency of Polygon. The coin has a 10 billion unit maximum supply, of which 85% are already in use. Over 130 million users have benefited from the power of Polygon's network, making it deserving of praise for what it has accomplished thus far. Every day, the blockchain processes over 3 million transactions, and the ecosystem is home to over 19.000 different dApps.
Solutions for Proof-of-Stake & Other Issues
The Proof-of-Stake (PoS) consensus process used by the ecosystem has network validators. Therefore, Polygon has the capacity to support 65.000 transactions per second and has the capacity to scale to millions of transactions per second. Each new block will be located in under two seconds at this speed.
The network supports a wide range of scaling techniques, including Plasma, ZK Rollups, Validum Chains, and Optimistic Rollups. The overarching objective of all of them is to significantly boost blockchain throughput without compromising overall security or making the system difficult to use. By processing transactions on its PoS chain before a final confirmation is recorded on Ethereum's mainnet, Polygon reduces the pressure on Ethereum.
The Virtual Machine for Ethereum is entirely compatible with this ground-breaking network (EVM). Connected chains continue to be independent and maintain their own systems of government. They can all work together and with Ethereum, though, at the same time.
It's now quicker and simpler than ever to gamble with cryptocurrencies thanks to 1xBit and Polygon.
Advantages of Polygon With 1xBit
On 1xBit, polygon transactions happen quickly and inexpensively. In little time at all, the money will be in your account. If you don't already have a 1xBit account, this is the ideal moment to do so. All new players will receive a substantial Welcome Bonus of up to 7 BTC for the first 4 deposits.
An anonymous casino is 1xBit. Players' privacy is protected because only a working email address is needed to register. Instant and cost-free withdrawals are available. Over 40 additional well-known crypto assets, including the most well-known ones like Bitcoin, Ethereum, USDT, etc., are supported by 1xBit in addition to Polygon.
Take gambling to the next level with the highly scalable and cost-effective MATIC coin on 1xBit!
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