Take Crypto Gambling to a New Level With Polygon on 1xBit

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Press Release: Users of the popular casino platform 1xbit can now benefit from the super fast transaction speeds and very low fees with the addition of Polygon. (Matic)

26th September 2022, Limassol, Cyprus — 1xBit has added Polygon [MATIC] to its expanding portfolio of supported crypto assets. The top 10 cryptocurrency offers players new possibilities with super fast speeds and almost no transaction fees whatsoever. 

Polygon is a decentralized platform for Web3 applications and dApps meant to better some of Ethereum’s most significant shortcomings. It improves scalability, user-friendliness, and Ethereum’s high transaction fees. Despite being crypto’s most popular smart contracts platform, the ETH network isn’t compatible with other blockchains, and it often gets congested, causing high transaction fees.

Polygon is here to change that. It enables interoperability with other chains and creates a system where developers can easily introduce and maintain their own Ethereum-compatible networks. Thanks to Polygon, the industry’s biggest smart contracts platform has become an Internet of Blockchains.    

Polygon’s native currency is called MATIC. The coin’s maximum supply is 10 billion units, with 85% of those already in circulation. Polygon can be proud of its achievements so far with over 130 million users benefitting from the strengths of its network. The blockchain handles more than 3 million transactions daily, and over 19.000 different dApps operate in the ecosystem. 

The ecosystem relies on a Proof-of-Stake (PoS) consensus algorithm with network validators. Polygon is, therefore, capable of facilitating 65.000 transactions per