Formerly known as the Matic Network, Polygon is a blockchain platform that aims to increase the speed and reduce the cost and complexities of most blockchain networks. Polygon is a Layer 2 blockchain network, meaning it was built on top of the Ethereum blockchain. Polygon wants to help networks such as Ethereum expand in size, security, efficiency, and usefulness. The currency on the Polygon network is called MATIC. The native currency is used in transactions between users as well as for settlement between participants interacting in the network.
The team at Polygon wants to encourage developers to bring creative and innovative products to the market much quicker. We believe that products in the Web3 space, such as the ones Polygon are encouraging, are the future. At Dynamic Mining, we are inclined to support large, community-based networks. We are excited to share this amazing opportunity with you.
Polygon’s robust architecture, such as its layer 2 scaling solution, achieves seamless transaction speed and cost savings by utilizing side-chains for transaction processing.
Polygon is an agile network that supports transaction speeds up to 65,000 tx/s. This is significantly faster than it’s base network, Ethereum, that supports 15 tx/s.
Polygon’s structure is non-custodial, meaning users have complete control over their private keys. The network is also built on Ethereum, so users have added security.
Polygon’s Proof of Stake design allows its fractional costs, resulting in the per-transaction costs being approximately 10,000 times cheaper than Ethereum.
Token holders earn rewards for staking their tokens and validating transactions
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Security is our top priority. We only ask for the necessary information from clients. Our team makes sure that our infrastructure stays secure.
We provide regular updates on the performance of our nodes. Our clients are able to access statistics on their staked tokens at any time.
We use the most competitive equipment for our services. With our node operators, you are guaranteed top performance.
Our team is always monitoring our infrastructure and we are prepared to handle any issue the moment that it arises.
Frequently Asked Questions
Have more questions about staking? Check out the FAQ below and feel free to reach out to us with any unanswered questions
Staking is the process of holding tokens on a validator node in a network. This provides token holders with the opportunity to earn extra income from their digital assets.
Delegating is when a token holder gives their tokens to a third party or public validator node. With delegating, physical ownership of equipment is not required. Rewards for delegating are split among the public validator and the individual who delegated their tokens.
The quickest way to participate in staking is by delegating your tokens to a public node. With delegating, powerful computing and technical knowledge are not required to bring in profits.
Validators are penalized when they miss too many blocks or double sign a block by getting the amount staked on the validator slashed. Validators are incentivized to never let this happen as their capital is on the line, however, this risk will always exist.
You are not giving away ownership of MATIC by delegating. Validators will never have the ability to move your MATIC.