Polygon is well well-known blockchain network and this has helped us to run many ethereum applications on this chain with reasonable transaction fees. The native token for this blockchain is known as Matic and it is one of the coins that has gotten more attention from the community. Some people say that Polygon is an Ethereum killer but I don't think it is going to happen because Ethereum is still king in the world of blockchains. Undoubtedly this polygon has opened doors of opportunity for the project who are running on Ethereum Blockchain as now they can run the same on polygon and they can keep their transaction fee very low. Ethereum is a good network on the blockchain but the only problem that people are facing is in the form of transaction fees.
Polygon offers cost-effective solutions on the blockchain which means the transaction fee is too low that we might not even pay much attention to this part. This has done great work on its blockchain network and this network is also trying to follow green energy to contribute to a better world. I am a user and I will always prefer to transact on any network or the platform where transaction fee is going to be low and this is the reason why BSC got more attraction from the users in the market. Now I know that the transaction fee on the Ethereum blockchain is also low but as compared to another blockchain network it is still on the higher side and the team has to look into this area to improve it further.
Polygon 2.0
Polygon 2.0 was started from June month onwards as for their road map and I am sure that with this upgraded version of Polygon, the team will try to bring many more innovations. Polygon has run on proof of stake since the beginning and Ethereum has also moved to the same mechanism last year so we can say that the proof of work is going to be adopted by more projects. Proof of work is something that was started in the beginning and many projects adopted it.
Polygon 2.0, unveiled in June, is a set of proposed upgrades that radically reimagine almost every aspect of the Polygon ecosystem. Today, three Polygon Improvement Proposals (PIPs) were released that lay out the specific changes that, following community endorsement, will begin to take place in early Q4 of this year.
Read more about this here
Since this project runs on proof of stake if you have matic in state form as per the requirement then you can be part of their governance. governance has become an important part of any project and this can be achieved only if we hold a decent number of tokens on the project because this way we can be part of the governing community who can decide whether change will be accepted or not. in simple language, we can discuss the example of splinter land where if you are holding the SPS in-game account then you have the authority to accept or reject the proposal submitted by the team or even by the community. similar fundamentals are applicable in the case of polygon as well as across projects in the crypto world.
DCA in MATIC
Matic token has done pretty well in the last bull run cycle and this time it is available at much lower prices. I have been doing DCA on Matic for quite some time and I believe that this will bring better value since the project is doing a lot of development and they lead the innovation. I believe that innovation is very important in any project to bring something that the community requires and also this brings the next level of technology experience to the users or projects that are part of.
This is not the financial advice that I'm sharing in this post but yes if you think that project is good and you believe it is going to grow even more then you can consider it for investment but please do your search before you invest. I expect that this project is going to do better in the next bull run cycle and as part of my diversification strategy I have chosen this coin to be in my portfolio and this is the reason why I do dollar cost averaging on this coin.
Thank you
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