Polygon to scale its enterprise blockchain products on Ethereum -

Polygon to scale its enterprise blockchain products on Ethereum

Telegram Crypto Signals – EY is integrating its blockchain products with Polygon to mitigate the high fees and congestion associated with transacting on Ethereum mainnet for its enterprise clients.

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Announced on Monday, EY’s flagship blockchain services including EY OpsChain and EY Blockchain Analyzer will be integrated with Polygon, allowing transactions to be committed to Ethereum via the sidechain.

EY emphasized that its enterprise clients will have access to increased transaction throughput with predictable fees and settlement times using Polygon.

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Ernst & Young (EY), one of the ‘Big Four’ consulting multinationals, will connect its blockchain solutions to Polygon to mitigate the scalability constraints of Ethereum’s mainnet.

Polygon to scale its enterprise blockchain products on Ethereum

Polygon co-founder Sandeep Nailwal praised EY for its commitment to the Ethereum ecosystem and open technology standards.

. A Singapore-Based Company Uses Blockchain

Related: EY publishes an Ethereum scaling solution to the public domain

Demand for Ethereum scaling solutions has surged in recent months amid the persistently high fees associated with transacting on mainnet. As such, the total value locked (TVL) on the Polygon network has surged from roughly $1 billion at the start of April to $8.5 billion today.

Polygon to scale its enterprise blockchain products on Ethereum

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