We’re happy to announce the launch of Wages Coin (WGS) on Polygon, a Layer-2 blockchain protocol that runs parallel to the Ethereum blockchain to complement its operation.
With this integration, Wages coin holders can exchange WGS at rates exceeding 65,000 transactions per second, often for as little as $0.01 per transaction. This will make it easier to develop high-speed, low-cost applications, such as those for the decentralized ecosystem.
Polygon can create custom blockchains, facilitate communication between Ethereum and other blockchains, and assist other blockchains in becoming compatible with the Ethereum blockchain.
It uses a tweaked proof-of-stake (PoS) consensus mechanism that allows validators to reach consensus with each block, as opposed to traditional PoS mechanisms that require validators to process many blocks before reaching consensus. In 2022, Ethereum switched from proof-of-work (PoW) to proof-of-stake (PoS).
In addition to Polygon, Wages Coin (WGS) also supports Ethereum, Binance Smart Chain, and Tron blockchain. With the launch of WGS on Polygon, traders will have an easy, quick way to exchange WGS at an acceptable rate.
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