If you’re a developer who’s interested in creating a dapp on the Polygon network, then this brief guide is for you! This guide will provide you with a comprehensive overview of Polygon APIs, as well as what they entail and where you can acquire one.
Polygon – formerly known as Matic – is an Ethereum scaling solution that has grown to become one of the major networks for Web3 development. Developed by the team at LayerX, Polygon came into existence as a solution to Ethereum’s issues with congestion. As Ethereum gas fees skyrocketed with increased adoption, some developers turned their attention to Polygon and started creating dapps on its network instead.
With increased attentiveness towards Polygon development, coders found a need for Polygon APIs to make Web3 development more accessible. To kickstart this brief guide, we’ll take a closer look at the Polygon network and what it entails. Following this, we’ll dive deeper into APIs and what they are in the context of the Polygon network. We’ll also take a closer look at how you can acquire a Polygon API through WatchData. As a result of reading along, you’ll be provided with
Along with providing a Polygon API, WatchData also supplies powerful development tools such as WatchData Blockchain API , WatchData Price API, WatchData Powered API, and more. What’s more, you can sign up with WatchData entirely for free!
If you’re wondering why the Polygon network was developed in the first place, it’s because of Ethereum. Ethereum is the most prominent development blockchain. However, as more people have started using it, this has driven up transaction costs to astronomical amounts, making it economically unviable to develop dapps in some instances.
For this reason, there was demand for a scalable solution. One alternative was Polygon, a decentralized Ethereum scaling platform that could solve the congestion issue with the Ethereum network. Polygon enables developers to create dapps with lower gas costs while maintaining the high-level security of the Ethereum blockchain.
Polygon is a blockchain network that is closely interrelated with Ethereum, given that it implements the same token standards and consensus mechanism as Ethereum. However, Polygon deviates from Ethereum in one significant way: its use of proof-of-stake instead of proof-of-work. As a result of this difference, the Polygon network can accommodate lower transaction costs than Ethereum.