5 Best Cryptocurrencies To Invest Your $1000

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In this article, we discuss 5 best cryptocurrencies to invest your $1000. If you want to read our detailed analysis of these currencies, go directly to 10 Best Cryptocurrencies To Invest Your $1000.

5. Polygon

Polygon is the rebranded version of the MATIC blockchain network. The network was developed by three Indian engineers who were seeking a solution to problems on the Ethereum blockchain that included low throughput, high fees, and limited developer options. Polygon is a layer two scaling platform that allows Ethereum-based applications to run with more flexibility. The success of this network is evidenced by the fact that more than 3,000 DeFi apps now run on the system, including 80 big names that migrated from the Ethereum network. 

The Polygon network is fully compatible with the applications developed for Ethereum. The network utilizes a proof-of-stake consensus mechanism. It does this by using a side-chain on the Ethereum blockchain, a method also being used by other coins to bundle data more efficiently in order to solve Ethereum’s high fees and low transaction speeds problem. 

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