Try Quests to earn FLOWPolyoan Block Performance (Average time between blocks)
Polygon
Polygon also offers a solution to increase the scalability of Ethereum, but with a different approach compared to other projects. Changing the correct strategy and rebranding Matic Network to Polygon has increased the capital locked in this network from 40 million dollars to 10 billion dollars within one year. Perhaps the most important feature of Polygon is that it supports most scaling methods and helps different chains work together.
Rather than being a simple scalability solution like the previous Matic network (which uses a technology known as plasma to process off-chain transactions before finalizing them on the Ethereum main chain), Polygon is fully designed for cross-blockchain collaboration. Is. Through Polygon, developers can launch pre-defined blockchain networks with features tailored to their needs.
What Is Block Time?
Block time is the measure of the time it takes the miners or validators within a network to verify transactions within one block and produce a new block in that __blockch__ain.
- Block time is the length of time it takes to create a new block in a cryptocurrency blockchain.
- A block is verified by miners, who compete against each other to verify the transactions and solve the hash, which creates another block.
- Under the proof-of-work consensus mechanism, cryptocurrency is rewarded for solving a block's hash and creating a new block.
Polygon comparision to L1 such as Flow , Solana ,Algorand and Flow
According to the following numbers in the table that we see, Polygon has shown better performance among the networks compared with them.
Polygon comparison to L2 such as Arbitrum and Optimism.
Here we can also see that the maximum block time in the Polygon blockchain is less than layer 2 like Arbitrum and Optimism.
Understanding Block Time
A blockchain is a distributed database that records all transactions within a cryptocurrency network. You can think of a block within the database as a cell in a spreadsheet where transaction information is stored. Miners verify the transactions, which takes time because finding the solution to the block requires the computers to make a vast amount of trial and error calculations.
This is called hashing—using an algorithm to verify all the transactions within a block, which validates the authenticity of the transactions and stored information. When the block solution is found, a new block is created. The amount of time to find the solution and create a new block is the block time.
How is block time determined?
The block time is determined by a number of factors like; the computing power (hash rate) of the network and the complexity of the hash being solved.Once any given block has reached completion, the information contained within the block becomes verified and deemed trustworthy, allowing for the next block to be built on top of it.
The block time can also be seen as the time that it takes for a transaction to process on that given blockchain protocol. In essence, the faster the block time, the faster the transactions on that blockchain.