5 Cryptocurrencies Redditors Are Buying for Early Retirement

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In this article, we will discuss 5 cryptocurrencies Redditors are buying for early retirement. If you want to read about how cryptocurrencies are gaining popularity and are receiving global acknowledgment, you can go directly to 10 Cryptocurrencies Redditors Are Buying for Early Retirement.

5. Polygon

Polygon is the blockchain network that is offering solutions for Ethereum’s limitations: expensive transactions, slow transaction speed, and limited developer options. Since it is based on the Ethereum blockchain, Polygon employs a proof-of-stake consensus mechanism. The uniqueness lies within its method of side-chaining a series of blockchains that can help scale Ethereum-based applications. This allows the network to transact at a speed of 65,000 transactions per second, which is scalable to millions of transactions if enough side-chains are created.

In essence, Polygon is a blockchain network that allows Ethereum-based applications to execute in a time-efficient manner while maintaining Ethereum’s security benefits. Just like Algorand, Polygon has an Ethereum Virtual Machine which allows for interoperability between different blockchains.

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