With a market capitalization of over 12 billion euros, the Polygon Blockchain ranks 14th according to CoinMarketCap of the largest cryptocurrencies worldwide at the time of writing. The altcoin thus seems to have many interested parties and supporters. Now what has happened has happened that all young blockchain projects are afraid of: An overload caused an explosion in network fees and thus poorer user friendliness.
The Polygon Blockchain is specially designed for gaming. Since video games often have high requirements, the scaling of the polygon blockchain was touted as very good. The newly started game Sunflower-Farmer placed extremely high demands on the network, which could not cope with this. One consequence was an overload of the network and thus a sharp increase in transaction fees.
Potential comes with risk
Since decentralized blockchain networks like that of Polygon are kept running through many different nodes, there is also an enormous problem with scaling here. Altcoins often have one thing in common: A better or more innovative solution than the conventional Bitcoin blockchain. The big problem here, however, is that the plan often makes sense at the beginning, but cannot be implemented in practice. It often fails due to the actual hardware performance of the end devices and the associated programming language.
The Ethereum network had similar problems in its early years. At that time, the first blockchain game was ever published: The Cryptokitties. It was an NFT that "lived" as a cat on the Ethereum blockchain. This catfish game was more of a first, simple practical test for Ethereum and the decentralized gaming industry par excellence.
At times problems with scaling Ethereum and Bitcoin
When Cryptokitties was launched on the Ethereum Blockchain over four years ago, there was an enormous increase in transaction fees there too. Because in a decentralized blockchain network, only a certain number of transactions can be processed per second. As soon as there is a high load from a program, the transaction fees automatically rise, since everyone wants to have their transaction processed as quickly as possible. In this case, the person who pays the most will be processed the fastest.
A game has now been started with the Polygon Blockchain, which also causes many problems. However, this is only a short-term phenomenon that will be overcome after a few weeks or at the latest after a few months. Even in times of high interest from Bitcoin, for example in the bull run at the end of 2017, extremely high transaction fees could be achieved.
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