Polygon Development Company | Hire Polygon Developers
Polygon is a multichain system that helps launch tokens, blockchains, smart contracts, and decentralized apps. The platform has a high bandwidth and extra-low transaction fees. Furthermore, it is compatible with Ethereum and various tools for developers. This article will tell you how Polygon works, its features in project launches, and how to find a Polygon developer.
Polygon (former Matic) was initially a second-level solution designed to boost the work speed of EVM compatible smart contracts and dapps within Ethereum’s network. Since last year, the project heads have decided to focus their efforts on developing a multichain system like Polkadot. They’ve also rebranded from Matic to Polygon, yet the token name remained the same.
Due to changing its focus, Polygon is now something more prominent than another platform for dapps and smart contracts.
Security layer. It’s also a non-mandatory layer. Its main task is to provide the validation service. Basically, it means that dapps can use validation networks to verify their transaction for a certain fee. This layer is implemented as a meta-blockchain that functions parallel to Ethereum. Moreover, this layer can be deployed on Ethereum and used by miners for smart contract validation and dapps on Polygon.
Polygon networks layer. It is an imperative layer that provides a network environment for sovereign chains of blocks with their communities. The community is the ones who are responsible for verifying transactions, creating new blocks, and ensuring local consensus.
Execution layer. This is the executive level for implementing the Ethereum Virtual Machine on Polygon for processing smart contracts.
Protected networks are different. These networks provide the security directly through Ethereum (for example, using the fraud proofs on Plasma) or by employing a pool of validators. This approach allows chains to supply a high level of security, yet the independence and flexibility slightly suffer. Usually, this approach is excellent for solutions that prefer high privacy.
Matic Plasma Chains is an integrated Polygon framework for launching scalable dapps using Plasma transactions. Plasma is a Lightning Network (LN) analog created for Ethereum’s network by Joseph Pun and Vitalik Buterin. Users can employ Plasma to generate a channel outside the main blockchain. It allows them to process transactions without approving them in the leading network. As a result, these transactions are much faster, while the commission is super-low. It will require approval only after the channel is closed.
Matic PoS Chain is a Polygon sidechain that allows transferring Ethereum compatible smart contracts to that sidechain and launching them within the Polygon network. As the title says, Matic PoS Chains employs the Proof-of-Stake algorithm to reach consensus, yet it also has its validator network.
Over the past year, Polygon has arguably become the leading platform for Ethereum scaling and infrastructure development. The platform has been able to gain the trust of developers, businesses, and ordinary users because of the advantages that Polygon allows to make Web 3.0 a reality.
Here are just some of the benefits of the Polygon network:
Polygon ecosystem map.
For example, Polygon-based projects such as AAVE, Curve, QuickSwap, 1inch, SushiSwap, RenVM SportX, Beefy Finance, Pooltogether, bZx, Augur, Ocean Protocol, Clover Finance, and many others are already launched. Of the lesser-known projects, the following solutions can also be mentioned:
Process: you work through your project concept, define your business goals and objectives and analyze your niche, target audience, and competitors. All this will give you a clear understanding of what kind of product you need to create, and based on that; you can start looking for a Polygon development company.
Objective: make a list of developers who can potentially make the software you require based on Polygon.
Process: You search ads on sites like Clutch.co, Goodfirms.co, Upwork and Toptal, social networks LinkedIn and Facebook, and freelance platforms specializing in blockchain and cryptocurrency: Orbi Network, Blocktribe, Crypto.jobs, Cryptojobslist, Beincrypto, and others. You are looking for companies that have the qualifications and experience you need.
You don't just look for developers but for teams that have experience running applications on Polygon and have expertise in your niche. For example, if you want to launch an NFT marketplace, you need a technology partner with many experiences in blockchain and NFT development, like Merehead.
Objective: reduce the long list to a shortlist.
Process: you contact the companies on the shortlist and tell them your project idea, then they describe how they can close your need and help you figure out what's unclear. Based on your responses, you narrow down the long list to a few of the best companies and ask them to send you a commercial proposal. They should take at least three days.
Objective: Study commercial proposals.
Process: You call the short-listed companies or arrange a personal meeting to have them do a short presentation of their business proposal; usually, it takes an hour or two.
Objective: to start developing your application.
Process: You analyze the remaining developers and make a final choice. With the selected company, you once again discuss the terms of cooperation (tasks, requirements, deadlines, cost, etc.) and then sign a development contract. After that, the development begins.
As a leading blockchain, cryptocurrency, and Blockchain, DeFi, and NFT development company, our team offers extensive and comprehensive support to launch any Polygon blockchain-based solution, from simple, smart contracts to logistics platforms for tracking the supply chain of goods and services.
What Polygon development services Merehead offers:
Our Polygon-based solutions have a high degree of protection against hacker attacks, DDoS attacks, and other malicious actions.
We offer competitive prices that allow you to implement your idea for an acceptable price, without overpayments and unreasonable payments.
We have been developing various solutions in FinTech, Blockchain, DeFi, Game-Fi, and NFT since 2015.
Our company is interested in the success of its customers, so we provide comprehensive support for the products we create.
Regular reports and constant communication with the development team allow our customers to monitor the development and promptly make the changes they need.
Step 1 Discussing the project.
Our experts study the client's vision and goals to determine technical requirements and create a development plan.
Step 2 Designing the wireframes.
After understanding the client's specific needs for the project, we create and approve the architecture and design of the application.
Step 3 Developing the software.
At this stage, programmers make the backend and frontend of the software product based on the Polygon network.
Step 4 Testing the product.
After the development phase, the team begins testing and quality assurance of the created product.
Step 5 Deploying the application.
After testing, we move on to rolling out the software product on the Polygon network and releasing the final product to the market.
Step 6 Servicing the application.
At this stage, the team solves any problem after deploying the application and provides post-release support.
BigFan - it is a platform for selling sports NFTs using ERC-1155. All tokens are issued in cooperation with sports teams and players or their official representatives.
Vleppo - this BaaS platform provides freelancers and enterprises with a solution to manage and transfer their digital assets, create smart contracts with integrated escrow features, and take a loan with cryptocurrency collateral.
Wide Wine - a logistic blockchain platform that helps trace the supply chains of wine and verify the authenticity. Study the case.
Coinbird/CEX - cryptocurrency exchange with high-level security and safety. Furthermore, it supports operations with fiat currencies. Study the case.
AltcoinsHub - it is a P2P exchange that helps to trade all popular cryptocurrencies.
If you still have questions concerning the development of Polygon or you intend to launch a project yet do not know where to start, please, contact us via +1-206-785-16-88 or email@example.com. Our experts will provide you with extensive answers and detail on Polygon development.
We are looking forward to cooperating with you.