Cryptopia Blog
Cryptopia Blog

Polygon Enabling a True Blockchain-based Metaverse Game: Cryptopia

Team Cryptopia
09.08.22 07:30 AM Comment(s)

Unchaining the Ethereum Blockchain

Cryptopia aims to deliver a next-gen metaverse game based entirely on the blockchain that provides players a grand opportunity to earn as they play. From inception, it was created with the idea that it wouldn’t be like any other blockchain game out there, especially because it’s designed to have fun gameplay. We trust that Polygon, a decentralised Ethereum scaling platform, provides the means for us to execute this.

It is without a doubt that the Ethereum network has been one of the many breakthroughs of Blockchain Technology. Ethereum has revolutionised smart contracts and high-interest paying decentralised applications, enabling many apps to run processes unlike ever before. The Ethereum network is not all rainbows though as it comes with one big setback.

Low Throughput. 

The Ethereum network can only handle between 12-20 transactions per second (TPS), which is slower in comparison to other networks. It also means that transactions will cost more since every transaction is effectively bidding against each other. Due to the low throughput, developers will have limited options when it comes to project development.

This problem inspired developers Jaynti Kanani, Sandeep Nailwal and Amurag Arjun to develop a Blockchain that would resolve Ethereum’s biggest issue. They created Matic in October 2017, which is now known as the Polygon network.

Polygon is a layer-two scaling platform that allows Ethereum based applications to leverage all the benefits of the Ethereum Network while solving the problem of Ethereum’s low throughput. The Polygon network has been so effective that most developers have moved from the Ethereum network to Polygon’s network. Polygon addresses the network's challenges by handling transactions on a separate Ethereum-compatible blockchain. Polygon then returns transactions to the main Ethereum blockchain post-processing. This allows developers to increase the usage of their DeFi tools and Applications, making transactions cheaper and faster for users, all while utilizing their secure, efficient and low-energy Proof of Stake model.

Polygon solves Ethereum’s low throughput but is that all it does? No. It does more than that. Much more. Polygon equips developers with easy to understand and adaptable tools. These tools enable developers to scale Ethereum and create multi-connected chain platforms. This allows many developers to create blockchains that interconnect within Polygon. This means that they have low transaction fees without ever sacrificing on security, and are able to eventually scale up to a million TPS. Polygon currently handles around 65,000 TPS.

We are very excited to launch Cryptopia on Polygon, and we’re happy to announce that we’ve received a grant from them. When we are further with our open beta, our partnership will be more evident. We will move completely over to Polygon, team up with their marketing team, and do some co-marketing together. 

With Ethereum 2.0 (their shift to proof-of-stake), and the zkEVM (zero-knowledge Ethereum Virtual Machine) update rolling out, it will help upgrade the system to validate transactions faster and at an even cheaper rate. The ZK rollup will theoretically make Ethereum infinitely scalable, and all these developments will only help Polygon become a more efficient and important system over time. 

There have been many attempts to optimise the Ethereum network but no one came as close as Polygon. Polygon removed the downsides of Ethereum and maximized its power by scaling the Ethereum Virtual Machine. A true testament to how amazing blockchain technology is.