![]() ![]() Often, people refer to Polygon PoS as a layer-2 chain. A remnant of this name change is the token used within the Polygon PoS Chain: MATIC. For instance, Polygon Hermez is a ZK rollup currently live for payments.Īdditionally, Polygon was previously called Matic. ![]() Developers are working to expand Polygon to become more than just the Polygon PoS chain, aiming to turn it into a protocol and framework for building and connecting Ethereum-compatible blockchain networks. References to “Polygon” often refer to the Polygon PoS chain, but Polygon is bigger than the chain on which we will be focusing. #ERC20 TOKENS HOW TO#Let’s look at Polygon, why you might want to use it, and how to get started. ![]() To avoid these issues, developers can deploy their dApps to scaling solutions like the Polygon PoS Network. Building on PolygonĪs networks like Ethereum become busier, gas prices increase and transactions take longer. This contrasts with non-fungible tokens (NFTs), which are unique and therefore not interchangeable: You care about which token you own, not necessarily how many. They are fungible, which means they are interchangeable: You don’t care which token you have since they’re all the same, just how many tokens you have. What Are ERC-20 Tokens?ĮRC-20 tokens are representations of “something” on a blockchain. In this tutorial, you’ll learn how to create an ERC-20 token on Polygon, a layer-2 EVM blockchain that’s lower cost than deploying directly on Ethereum mainnet. ERC-20 tokens are a key part of transacting on EVM-compatible blockchains and layer 2s. ![]()
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