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Polygon

What is Polygon?

Polygon is a multi-chain scaling solution for Ethereum-compatible blockchain networks. Formerly known as Matic Network, Polygon aims to provide faster and cheaper transactions, increased scalability, and a better user experience for decentralized applications (DApps) and users on the Ethereum ecosystem.

Key Features:

  • Layer 2 Scaling Solution for Ethereum
  • Multiple Sidechains with Interoperability
  • Fast and Low-Cost Transactions
  • Scalable Decentralized Applications (DApps)
  • Economic and Incentive Mechanisms

Use Cases:

Polygon is used for building and deploying DApps that require high throughput and low fees, transferring assets across multiple chains, participating in decentralized finance (DeFi) applications, and enjoying a seamless experience within the Ethereum ecosystem.

Visit their official website to learn more:
https://polygon.technology
Accounting Features Supported for
Polygon
Unrealized G/L & Impairment Calculation
Soon
Reconciliation & Sanity Checks
Soon
DeFi Protocols
Soon
NFTs Valuation
Soon
Automated Rule Categorization
Soon
Integration to ERPs, QBO, Xero, Netsuite, etc.
Soon

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