We are deployed on the Polygon blockchain. This blockchain is a Proof-of-Stake protocol. Proof-of-Stake comes with a number of improvements to the Proof-of-Work system:
- Greener – Polygon’s validators consume approximately 0.00079TWh of electricity every year, far from the energy consumption by the major PoW blockchain networks (35 to 140 TWh).
- Faster - In terms of transaction speed, Polygon can handle up to 65,000 transactions per second on a single side chain, with a block confirmation time of fewer than 2 seconds.
- Cheaper - Polygon solves the problems associated with blockchains, such as high transaction fees ("gas fees") and slow speeds, without sacrificing security.
- Stronger – Proof-of-stake leads to more nodes in the network and consequently less risks.
The Polygon Network is based on Ethereum standards. This way, all tokens & NFTs created through Bolero Music respect the ERC-20 & ERC-721 standards.