What is Polygon blockchain ?
Polygon is a layer 2 scaling solution for the Ethereum blockchain that aims to improve its scalability, speed, and usability. Originally known as Matic Network, Polygon provides a framework for building and connecting Ethereum-compatible blockchain networks, often referred to as “sidechains” or “commit chains.” These sidechains operate independently but are interoperable with the Ethereum mainnet, allowing assets and data to move between the two networks.
The main goal of Polygon is to address the limitations of the Ethereum network, particularly its transaction throughput and high gas fees. By utilizing a unique combination of Proof of Stake (PoS) and Plasma frameworks, Polygon achieves faster and more cost-effective transactions compared to the Ethereum mainnet. Therefore, playing a decentralized lottery on the Polygon blockchain offers several advantages that make it an attractive option for lottery players.
4 reasons why you might consider playing a decentralized lottery on the Polygon blockchain
- Scalability and Low Transaction Fees
Polygon is known for its high scalability and low transaction fees compared to the Ethereum mainnet. This means that playing a decentralized lottery on Polygon can offer faster and cheaper transactions, reducing the cost of participating in the lottery. The Polygon network provides near-instant transaction confirmations, allowing you to receive lottery tickets or claim winnings quickly without waiting for extended block confirmation times.
2. Secure and Transparent
As a layer 2 scaling solution for Ethereum, Polygon maintains a strong security foundation with its connection to the Ethereum mainnet. Lottery operations are recorded on the blockchain, ensuring transparency and a tamper-proof record of transactions and results.
3. Decentralization and Fairness
Decentralized lotteries on Polygon operate on smart contracts, ensuring that lottery draws are conducted fairly without any human intervention or manipulation. The provably fair nature of smart contract algorithms provides transparency in the random selection of winners.
4. Global Accessibility
Polygon’s low transaction fees and fast confirmations open up the decentralized lottery to participants globally. Anyone with an internet connection and a compatible cryptocurrency wallet can join the lottery, regardless of their location. This will make the lottery prize pool enormously valuable.
MegaMoon is launched on Polygon blockchain and uses $USDT in ecosystem that regulated by smart contract and our platform has successfully passed the safety standard audit from Certik Audit. Therefore, all players can be assured that MegaMoon is transparent and no one can interfere with the prize draw thanks to the Chainlink VRF system. In addition, MegaMoon has a Treasury system that allow players do not pay blockchain gas fees.
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