Cryptocurrency Q&A
Is Polygon trc or erc?
Is Polygon trc or erc?
MountFujiView
Fri Apr 11 2025
|
6
answers
1645
I'm trying to figure out whether Polygon is based on the TRC or ERC standard. I need clarification on this point to understand its technical background better.
6 answers
DigitalDynastyGuard
Sun Apr 13 2025
Polygon holds a unique position in the cryptocurrency realm and is often referred to as an interoperable token. This classification stems from its CORE mission and functionality within the broader blockchain ecosystem.
Was this helpful?
238
80
amelia_doe_explorer
Sun Apr 13 2025
One of Polygon's primary objectives is to facilitate the widespread adoption of the Ethereum (ETH) platform. It aims to do this by addressing some of the scalability issues that have hindered Ethereum's growth in recent years.
Was this helpful?
381
59
Nicola
Sun Apr 13 2025
As a layer-2 scaling solution, Polygon works alongside the Ethereum mainnet to enhance its capabilities. By offloading transactions to its own network, Polygon helps to reduce congestion and improve transaction speeds on Ethereum.
Was this helpful?
68
81
TaekwondoMasterStrength
Sat Apr 12 2025
MATIC, the native token of the Polygon network, plays a crucial role in this process. It is designed as an ERC-20 token, which means that it adheres to the technical standards set forth by the Ethereum blockchain.
Was this helpful?
376
38
Bianca
Sat Apr 12 2025
Being an ERC-20 token grants MATIC a level of compatibility with other Ethereum-based cryptocurrencies. This interoperability allows MATIC to be easily integrated into existing Ethereum wallets and exchanges, making it accessible to a wide range of users.
Was this helpful?
333
77
Load 5 more related questions
