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5 Reasons Why We Partnered With Polygon

5 Reasons Why We Partnered With Polygon

Over the past number of years, and particularly last year with the rise of DeFi, Ethereum’s network has been inefficient and troublesome for users to work with. This has been true in the world of tokenized securities, and also for others in the ecosystem.

To solve this problem, we recently partnered with Polygon, the layer 2 protocol building and connecting Ethereum-compatible blockchain networks. This partnership will accelerate the adoption of security tokens and open new business models for industry actors.

Here are five key reasons why we partnered with Polygon and what it means for the ecosystem:

1. Cheaper

The transaction fees are 10000 times cheaper on Polygon compared to Ethereum.

2. Faster

The transaction speed on Polygon is <5 sec which is very quick compared to Ethereum, where users need to wait for >1 min most of the time.

3. Scalable

Polygon is scalable, capable of >10k tx/s per sidechain, and is able to use multiple side chains to multiply the maximum throughput while Ethereum is currently limited to 15tx/s.

4. Easy-to-use

Users can still use Metamask and other Ethereum wallets, they just need to switch the network to Polygon.

5. Interoperable

Polygon is based on the EVM (Ethereum Virtual Machine), which means that it leverages the security of Ethereum and everything that was developed to work with the Ethereum blockchain is 100% compatible with the Polygon network, including ONCHAINID.

As a result of the partnership we recommend Polygon’s Ethereum layer 2 solution to security token issuers. Our customers can now benefit from the security of Ethereum’s decentralized network whilst executing token transfers in under 3 seconds and for 1 cent.

Compliant securities transfers and management on Polygon
< 3 seconds / transaction

< $0.01 / transaction

Secured by 91 validators and 6,000+ nodes

To find out more about the partnership, get in touch!
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