Moonlit Games wants a partner with the same vision toward the long-term growth of blockchain technology and a consumer-first approach. The industry can't grow without a seamless experience for the end user. Below are the four components used for the selection and a primer on Polygon.
With the rapid adoption of Ethereum, the problem of scalability arose. Soon after, gas prices started rising as more people wanted to get Ethereum block space. Polygon, launched as MATIC network, was created to provide a scalable solution to Ethereum. It is a Layer two Proof-of-stake (PoS) blockchain, where transactions are collected and settled on the Ethereum blockchain. This gives Polygon the interoperability, liquidity, and security of Ethereum.
Polygon is a PoS sidechain. MATIC, the native token of the Polygon network, is used as a staking token to validate transactions and vote on network upgrades. MATIC is also used to pay for the gas fees on Polygon.
It came down to four components when choosing our chain for Moonlit Games.
- Transaction speeds - Polygon’s network can handle nearly 70,000 transactions per second (TPS). For context, Visa’s TPS is 24,000.
- Gas Fees - This can change depending on congestion, but generally, their gas fees are <$0.01 and can be free.
- Builder ecosystem - With over 37k decentralized applications (dapps) and partnerships with Reddit, Nike, Adidas, NFL, Stripe, Adobe, and many more, it’s clear they are committed to creating a platform utilized by all.
- Sustainability - Lastly, we are committed to sustainability and look to partner with others who feel it's time for action. Polygon is as committed as we’ve seen and laid it out in their Green Manifesto. Polygon is eliminating the network’s carbon debt going back to inception and then going carbon negative in 2022.