Polygon Matic Chain Dapp

Polygon Matic Chain Dapp Polygon allows users to develop a wallet with their email address and then connect to various networks within the application. In the steps mentioned below, we will be using Magic as an authentication system based on keys. Magic is an SDK for the developers that integrates itself with your current application. It allows passwordless verification using Magic links similar to Medium and Slack. Developer Quick StartIf you are know how to do development on Ethereum, then working on Polygon is not a difficult task. Each tool you have used on Ethereum is also Polygon compliant like te Remix, Truffle, Webejs and so on.

Polygon Matic Chain Smart Contract Dapp

Polygon(Matic) Chain Smart Contract Dapps development company in UAE

Ethereum is immensely popular due to its open-source ecosystem and the capability to address the challenges of Bitcoin blockchain. Like, Bitcoin blockchain cannot support the development of decentralized applications and solutions. In contrast, Ethereum offers an open-source platform where anyone can build blockchain-powered solutions and contribute to the ecosystem’s growth.

Even though Ethereum brings unique features, including its built-in programming language, EVM (Ethereum virtual machine), and smart contracts, some limitations exist within this blockchain. Network congestion, low throughput, and high transaction cost lead to scalability issues in Ethereum. To solve the prevailing issues on Ethereum, a core team of four software developers launched the Polygon network.

Polygon adopts the proof-of-stake consensus mechanism and is driven by the layer-2 scaling solutions. The network leverages Ethereum’s technology and adds more value to it. With that, Polygon enables higher throughput, low-cost transactions, and better development options on Ethereum’s ecosystem and various Ethereum-compatible blockchains.

What are the major limitations of Ethereum?

Ethereum blockchain has been developed to serve as a powerful decentralized network for various enterprises. However, it has some specific limitations, as mentioned below

One of the main challenges for the Ethereum network is its low throughput. It can only manage 30 transactions every second and has comparatively low throughput concerning the other second-generation blockchain.
The average transaction fee is dollar 51.45 on the Ethereum chain. Although, the accurate fees are calculated via the supply and demand mechanism of the miners functioning on-chain.
Ethereum does not have interoperability because of which it is not entitled to allow the Ethereum compatible blockchains to communicate with each other.
With no particular protocol to link these blockchains, Ethereum has major development issues and thus leads to fragmentation of the ecosystem.
Now that we are familiar with the problems that Ethereum has in its ecosystem let us then explore the ways in which Polygon solves these issues.

How does Polygon solve the Ethereum limitations?

Polygon behaves like a protocol and framework that helps in the development process of the Ethereum compatible blockchains and links all of these networks to the Ethereum platform. Following are the ways in which the Polygon addresses the Ethereum limitations:

Polygon facilitates the single-click deployment of the encoded blockchain networks.
It provides an evolving set of modules to build custom networks.
With the help of its interoperability protocol, Polygon permits Ethereum and other blockchain networks to interact and share messages between them.
It improves the security layer on the blockchains with the help of its modular ‘security-as-service’, which also functions as an option.
Polygon has adaptor modules that help boost the interoperability in the existing blockchain networks.

Polygon is one of the best dApp development platforms. Developers on Polygon use Polygon’s SDKs and tools to build business-specific dApps.

Polygon allows users to develop a wallet with their email address and then connect to various networks within the application. In the steps mentioned below, we will be using Magic as an authentication system based on keys.

Magic is an SDK for the developers that integrates itself with your current application. It allows passwordless verification using Magic links similar to Medium and Slack. Developer Quick Start

If you are know how to do development on Ethereum, then working on Polygon is not a difficult task. Each tool you have used on Ethereum is also Polygon compliant like te Remix, Truffle, Webejs and so on.

Step 1

Connect to Polygon with the help of Magic.js. You will need two Web3 and two Magic instances for each network. This feature allows the users to switch between two networks. Use the same API key for both the Magic instances. This will help you in keeping the users’ public addresses intact without changing them.

Step 2

Switch between the networks with the help of the ‘select element drop-down list’. One Magic instance points towards Polygon and the other towards Ethereum. Hence, you can update the instances for the dApp depending upon the users’ network selection. Use the same API key for both the Magic instances. This will help you in keeping the users’ public addresses intact without changing them.

Step 3

Then view your user balance with the help of web3.eth.get balance. As the native token of Polygon is MATIC and Ethereum is ETH, we will display relevant token symbols depending on the network we are connected with.Use the same API key for both the Magic instances. This will help you in keeping the users’ public addresses intact without changing them.

Step 4

Send transactions by providing the amount to send, sender and receiver addresses. About the gas fee, if not passed, then the overall gas limit and the fee are estimated automatically.Use the same API key for both the Magic instances. This will help you in keeping the users’ public addresses intact without changing them.