Ethereum is an open-source, blockchain-based, decentralized software platform that has its own cryptocurrency, Ether. It enables smart contracts and Distributed Applications (DApps) to be built and run without any interference from a third party. Ethereum is not just a platform but also a programming language running on a blockchain, helping developers to build and publish distributed applications. Its pioneering innovation in smart contracts is the backbone of any services and business development in blockchain’s decentralized network. These versatile services from the network gain huge popularity and traffic to the network. The projects were piling up in the network for its enormous services and benefits. Such huge traffic resulted in performance lag and reduced its throughput with increasing transaction costs which reflected in the project’s performance too.
Layer 2 solutions were introduced for scaling and infrastructure development which acts as a side chain to process transactions in the Ethereum network in a synchronized manner. In these second-layer solutions, Polygon is the prominent technology verified by Ethereum. As NFTs circulation is rife in the cryptomarkets NFT marketplace in Polygon will be a better NFT marketplace with efficient performance compared to other marketplaces in the crypto market