Polygon Wallet | Official Site

 To avoid paying high Ethereum Gas Fees; Large number of DeFi users are migrating to EVM compatible blockchains and Layer-2 side chains. To interact with alternate blockchains like BSC and Matic (Polygon) all you need is a Ethereum compatible wallet.

There are many Ethereum wallets that allows you to switch between networks but the best one is MetaMask. MetaMask is a safe and flexible browser wallet that allows you to switch between various blockchain networks including Ethereum, Binance Smart Chain and Polygon network (Matic).

Previously we’ve made a tutorial explaining how to connect your MetaMask wallet to Binance Smart Chain. Likewise here in this guide let’s see how to setup MetaMask for Polygon (previously Matic network). We’ll show you how to configure and connect MetaMask to Matic mainnet. We’ll show you how to setup and use Polygon web wallet. Also we’ll show you how to transfer assets from Ethereum Mainnet (L1) to Matic Mainnet (L2).

Once you’ve done this you can start using DeFi on the Matic network with zero gas fee and at high speed. Now before we see how to connect your wallet to Polygon chain here is a quick introduction to Matic (Polygon).

Polygon

Polygon (formerly known as Matic Network) is a layer 2 scaling solution that is created to help bring mass adoption to the Ethereum platform. Polygon network  mainly focuses on improving the functionality of the ETH blockchain by drastically increasing the Ethereum’s network scalability and overall transaction speed. It is the Swiss army knife of Ethereum scaling.

Matic provides developers the tools to create scalable decentralized applications that prioritizes user experience (UX), performance and security. It is a layer 2 scaling solution for Ethereum with atomic swaps, payment / lending solutions, improved DApps and DEX performance.

At its core Matic is committed to provide less expensive and faster transactions on the Ethereum blockchain. To achieve this it uses its own Proof of Stake (PoS) commit chain and a more viable L2 scaling solution (Plasma). This not only help scale the Ethereum network. But it also solves issues like network congestion and many other inefficiencies that are faced by Ethereum and other Proof of Work blockchains.