Scaling methods are offered by Ethereum-based L2 Polygon to reduce congestion and expedite transactions. Polygon has been added to Fast Company's exclusive list of the world's most transformational companies for 2024. Fast Company is a well-known business media platform. Polygon praised its builders on its official X account while expressing gratitude for this.

2022 saw Polygon reach a noteworthy value of up to $2 billion. Its reliability and ease of use have helped it draw in a large number of prestigious corporate clients. Starbucks, Reddit, Nike, Meta, Disney, Adidas, and Adobe are among the customers considering blockchain-related services. Last March, the company launched the Polygon ID service. The clients were able to verify their identification thanks to it.

They don't need to give personal information to a third party in order to accomplish this. In this regard, they can apply zero-knowledge proof or the cryptographic technique. Its software streamlines, expedites, and reduces the complexity of the transfers. Because of this, users may encounter less complexity than if they were to utilise Ethereum directly.

The firm can provide conventional businesses security as well as speed.

It provides these advantages in addition to the intrinsic advantages of blockchain technology. All of these data were provided by Fast Company in an exclusive blog post that was posted on its official website. For client security, the use of zero-knowledge proof is quite advantageous. Another appealing feature is the addition of quick and affordable transactions. These things constitute a quantum leap for the industry's future.

Through Cutting-Edge Projects, the Company Gains and Preserves the Trust of Major Industry Players

These advances have drawn a number of significant market participants to Polygon. Franklin Templeton, Master, and Warner Music Group are said to have trusted it last year. Franklin Templeton is a global provider of asset management services. In keeping with Polygon's cutting-edge goods, the corresponding companies became clients of Polygon.

This led to more innovations from Polygon, such as the creation of the first mutual fund to receive US certification. The fund was created in April of last year with the intention of assisting Franklin. This fund used a public blockchain to register share ownership and perform transfers.