How do I Spend my Ethereum currencies on Polygon?

In order to spend your Ethereum currencies on Polygon, you must first bridge them from the Ethereum network (ETH) to the Polygon network (PoS). This guide assumes you already have some ETH in your account. If that's not the case, start with our How do I purchase Ethereum? guide and return here to complete the process.

What is the difference between Ethereum and Polygon?

Think of it as an express train that runs parallel to a local train, moving faster with fewer station stops. Currently, Ethereum can process 14 transactions per second (TPS)—while Polygon achieves speeds of up to 7,000 TPS. This makes everything built on the blockchain much cheaper and quicker, like an HOV lane on the highway.

Why is there no wrapped ETH on Polygon?

There is no wrapped ETH on Polygon, because there is no ETH in the first place. You cannot wrap something that does not exist. You only have the bridged token. @MikkoOhtamaa Interesting. Can you clarify what do you mean by "no ETH in the first place"?

Is polygon Ethereum's Internet of blockchains?

It’s even dubbed itself as “Ethereum’s internet of blockchains.” Founded in 2017, Polygon—formerly known as Matic Network—is a relatively popular crypto that regularly ranks among the top 15 cryptocurrencies by market capitalization. MATIC supports more than 7,000 decentralized applications (dApps), applications that work without intermediaries.