Spike In the user-base, Polygon now has more active users than Ethereum

With more than 566,500 new users added, the Polygon Block Network has seen a significant increase of 18 percent in the past one month, according to a recent Polygonskan research report. The network now uses the popular Ethereum blockchain network user-based. Ethereum is the most valuable blockchain in the world after Bitcoin. This is the first time that the number of polygon network users has surpassed Ethereum, which has increased by only 0.6 percent per user in recent days.

Ethereum is an open source social network that allows people to send cryptography to anyone for a small fee. The network provides the power of many apps that can be used by everyone and cannot be taken by anyone. This programmable blockchain allows people to transfer digital money without the involvement of banks or brokers. It also serves as a marketplace for financial services, games and apps without censorship, according to Ethereum.org.

The Polygon network, on the other hand, is a framework for the development of such blockchains that can be integrated with the Ethereum network. With Polygon Block, full multi-chain systems can be created that can be compared to other interfaces built on Ethereum. According to Polygon technology, the network is more secure when resolving issues such as blog speeds and high transaction fees.

Despite the strong market volatility caused by the China Cryptoc explosion, the Polygon coin has performed well in recent days. As of Friday, September 8, MATIC gained 3.59 percent and traded at $ 1.36 (approximately 102 rubles). According to the report, Cryptopolitan.com investors see Polygon as a safe and secure crypto-investment option.

It is interesting to note, however, that the polygon network is not as “secure” in itself. For example, in August, a polygon network was hacked and the hackers reportedly stole Crypto assets worth $ 600 million (approximately 60 rubles).

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Cryptocurrency is an uncontrolled digital currency, not a legal tender, and is subject to market risks. The information provided in this article is not intended and does not include any financial advice, marketing advice or any other advice or recommendation provided or supported by NDTV. NTV will not be liable for any losses incurred by any investment, based on the comments, forecasts or any other information contained in the article.

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Radica Parashare is a top reporter for Gadgets 360. She has been reporting on technology and telecoms for the past three years, focusing on writing all about crypto. She is also a major sitcom nurse and often responds to references to Chandler Bing and Michael Scott. You can contact her at RadhikaP@ndtv.com for tips or questions. More

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