And yes, another article today about the Youtube channel Finematics, you are starting to be used to it you who follow assiduously Croblanc for so many years already! The interest for this channel keeps growing over the years and we are very happy to share it with you once again. That's why we decided to make a post about it, because we are sure you will enjoy this new video.
Here is the last video of the youtube channel Finematics. It's called Polygon PoS Chain - A Commit Chain? DeFi Explained and as you can imagine, it's already of great interest to Internet users. You can find it right here.
This video is currently making the buzz on the internet and may end up in the Youtube trends. It was published a few hours ago by the videographer of the Youtube channel Finematics who regularly publishes videos similar to the content we are talking about today.
What is convenient with the Internet is that when you have a problem with a content, you can easily contact its author to let him know. You have 2 main ways to talk to a Youtuber, the most common way is by using the email address that is displayed on his Youtube channel (in the "About" section). However, not all youtubers have the time to reply to each of you, so you can also try to contact them on their social networks.
Before leaving, we hope you liked the video Polygon PoS Chain - A Commit Chain? DeFi Explained, or that it met your expectations in time. Did you know that? On Youtube, you can find other videos of Finematics that have been uploaded by other users and that are not yet referenced on Croblanc. If you are curious, go and have a look, you never know!
Friends, this is already the end of this little editorial, see you soon for a new article on Croblanc!
For your information, you can find below the description of the video Polygon PoS Chain - A Commit Chain? DeFi Explained published by the Youtube channel Finematics:
So what is a commit chain? How is it different from a sidechain? And what makes Polygon Commit Chain a commit chain rather than a sidechain? We’ll answer all of these questions in this video.
Let’s start with understanding what exactly a sidechain is.
A sidechain, in essence, is a separate blockchain that can be used as one of the ways of scaling a Layer 1 blockchain such as Ethereum or Bitcoin. As the name suggests, a sidechain runs in parallel or “on the side” of the main chain.
Sidechains have their own consensus mechanisms usually in the form of Proof-Of-Stake, Delegated-Proof-Of-Stake or Proof-Of-Authority.
Sidechains allow users to send their tokens from the main chain and receive them on the sidechain. Once the funds are transferred to the sidechain they can be used within the sidechain ecosystem. Similarly, users can withdraw their tokens from a sidechain back to the main chain. The whole process is called a 2-way peg or a 2-way bridge. Thing to note is that once the user tokens are on the sidechain then they are completely reliant on the consensus mechanism of the sidechain
Initially, all scaling solutions such as sidechains, Plasma and rollups were classified as Layer 2 solutions as they are built on top of Layer 1.
After a while, the Ethereum community started differentiating between scaling solutions fully secured by the Ethereum main chain - Layer 2 and other scaling options with their own consensus mechanisms - sidechains. At the moment, pretty much all scaling solutions are classified as either one or the other.
When it comes to Polygon Commit Chain, it is worth differentiating it from a sidechain as it has a lot of extra features that rely on the security of the main Ethereum layer.
📘 DeFi Guide ► https://finematics.com/guide-to-decentralized-finance/
📖 Post ► https://finematics.com/polygon-commit-chain-explained/
🐦 Follow Finematics on Twitter ► https://twitter.com/finematics
💛 Support Finematics on Patreon and join our Discord community ► https://www.patreon.com/finematics
🔒 Ledger ► https://shop.ledger.com/pages/ledger-nano-x?r=b0b220a75e03 (affiliate)
📱 Argent Wallet ► https://argent.link/finematics (affiliate)
🌐 Get your .crypto Unstoppable Domain ► https://unstoppabledomains.com/r/8160a196fa7e4ac