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RNDR introduces Layer 2 Scaling solution with Polygon (Matic)

Scaling into the future with Polygon (Matic)

Why use L2?

Over the course of 2020 the Ethereum blockchain saw a boom in DeFi applications being created and used. This DeFi summer saw Ethereum prices skyrocket throughout the year, with people being drawn to one of the more popular chains in the crypto world. Unfortunately this boom period for Ethereum translated to a boom in gas prices and congestion. As a result, even the smallest RNDR transactions becoming exponentially slower and more expensive, preventing the network from scaling and causing headaches for everyday users.

What is L2?

Up until today, every time a node operator is paid out for work rendered or a creator uses RNDR to pay for a scene, that transaction has passed through the Ethereum blockchain. This affords RNDR users with the security that every transaction can be publicly recalled and tracked through blockchain explorers such as Etherscan, allowing for a public, verifiable record of all transactions made on the network.

About Polygon (Formerly Matic)

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 90+ Dapps, ~7M txns and ~200K unique users.

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