PolkaBridge development has been gaining steam and our first priority is a smooth / hassle-free launch of our “MultiChain Automated Market Maker (AMM)” decentralized exchange. Currently, we are present on the Ethereum blockchain and we plan to onboard the Polkadot blockchain fully, once it launches with all functionality. However, our mission is ensuring wide compatibility and offering our product to diverse communities. That’s why we plan to launch on Ethereum’s full-stack scaling solution Polygon. Why Did We Choose Ethereum? The Ethereum blockchain is the world’s leading smart contracts blockchain in terms of adoption and usage. It powers an overwhelmingly large percentage of the crypto-verse and most prominent crypto-assets are ERC-20 tokens. The blockchain holds the record for the highest fees generated, monetary value settled and number of unique addresses. Ethereum commands the highest number of developers building on the blockchain and it has more users than most other blockchains combined. But, There’s A Problem However, Ethereum has a scalability problem. It’s not economical for the average users to transact on the Ethereum base layer, because of two reasons. High fees and even higher processing times. Such an environment is unfeasible for a DeFi ecosystem aiming for mass adoption and usage, which requires fast processing times and low fees to allow everyone to participate. Luckily, Polygon has a solution. It offers a...
