Crypto APIs Welcomes Polygon Network To Its Protocols Family

Effective as of Tuesday, April 2nd, the Polygon network was integrated into Crypto APIs blockchain suite to become among our supported protocols and was initially available for early access. Today, we are proud to announce that Polygon is officially available for public access to all of our customers.

Users of our comprehensive blockchain infrastructure suite can now take advantage of Polygon's dedicated endpoints, which are accessible at the time of writing across two of our products: the Blockchain Data service and the Blockchain Events service. All our clients have access to both real-time and historical data, with historical data available for up to 14 days in the past.

What is Polygon Blockchain?

Polygon, formerly known as the Matic Network, emerged in 2017 as a powerful solution aimed at addressing Ethereum's limitations. Positioned as a layer 2 scaling solution, it promises improved transaction speeds, reduced costs, bolstered decentralization, and stands as one of the most popular and widely adopted blockchain protocols on the market. 

Originally introduced as the Matic Network in 2017, Polygon underwent a rebranding, adopting its current name. This transition was part of the strategic plan in front of Polygon which was in line with their main goal - to address Ethereum's limitations through their solutions. 

It is, however, important to note that Polygon is not an alternative to the Ethereum blockchain. On the contrary, the launch of Polygon was driven by the idea to provide a scalable solution which runs in parallel with the Ethereum network and complements its existence. If we need to compare Ethereum with Polygon, here is a quick overview that will help you understand Polygon benefits over Ethereum:

Imagine that Polygon and Ethereum are two separate trains that depart from station A and need to reach station B. They both go in the same direction, but the difference is that the Polygon train is an “express” train with its faster transaction speeds, lower network fees and scalability.  

Many of the Ethereum downsides are a result of the popularity of the network and its ability to deploy smart contracts on top of its blockchain. This is the most popular chain among decentralized application developers, it is used for NFTs game and markets, and in general has a wide application within DeFi. This logically leads to frequent network congestions, slower transaction speed, higher fees, etc.

What are the Polygon Benefits for Developers?

There are several main advantages that Polygon offers to development teams and software engineers:

- Speed: As we previously mentioned, this is one of the key advantages that Polygon provides over Ethereum. While Ethereum's transaction processing capability, measured in transactions per second (TPS) is limited to just 14, Polygon achieves an impressive throughput of up to 7,000 transactions per second.

- Scalability: developers enjoy building decentralized applications (dApps) faster, safer and more cost-efficient. When combined with the high speed that Polygon offers, the network provides much better user experience to development teams. 

- Low Transaction Fees: The attractiveness of the Polygon chain is to great extent a result of the reduced costs. Many of the developers are seeking economically feasible solutions. The better costs, the higher accessibility to dApps and broader adoption - this goes hand to hand with some of the other Polygon benefits that we are listing. 

- Gaming and play-to-earn development: As a Layer 2 solution, Polygon enables the integration of non-fungible tokens (NFTs) into games that developers are creating. This enables owning and trading unique different in-game assets. Add to the overall picture the speed, efficiency and scalability to answer why developers are preferring to use Polygon for their game-related projects. 

- Web3 Applications: Last but not least, the Polygon makes a significant contribution to the web3 ecosystem. It provides the necessary infrastructure that developers seek for creating the next-gen applications. 

How Crypto APIs Allows Developers To Benefit From Polygon?

The provision of Polygon data by Crypto APIs is effectively improving and optimizing the development teams` work. Our services offer fully indexed historical data from genesis block, unlike many other means and alternative methods for blockchain data provision known for their high costs and complexity. Crypto APIs ensures that this information is delivered to clients at the exact time needed and at a fair price. 

Additionally, our suite of APIs operates under a unified framework, ensuring consistent data accessibility across all blockchain networks, including Polygon. This gives users the convenience of acquiring the necessary  information in a manner that is both user-friendly and adaptable to their specific needs, even when you have to deal with data across multiple blockchains. 

Polygon in Crypto APIs Infrastructure

Polygon is available across two of Crypto APIs blockchain infra services - blockchain data and blockchain events. Тhere are different endpoints which developers can deploy, depending on the purpose for which they are going to utilize our suite. 

It is important to note that we are providing both real time and historical data through our Polygon APIs. The historical data that you can obtain through the endpoints that we listed below (valid for Polygon only) can be no older than 14 days from the date of request. Here is a list with all endpoints that customers can use, separated into two categories - blockchain data and blockchain events. 

Blockchain Data 

List Confirmed Tokens Transfers By Address

List Confirmed Transactions By Address

List Internal Transactions By Address

Blockchain Events

New Confirmed Coins Transactions

New Confirmed Coins Transactions And Each Confirmation

New Confirmed Tokens Transactions 

New Confirmed Tokens Transactions And Each Confirmation

New Confirmed Internal Transactions

New Confirmed Internal Transactions And Each Confirmation

If you require historical data that is older than the last 14 days, Crypto APIs provides a range of custom endpoints designed for accessing historical data. These endpoints are accessible upon request, granting clients the ability to procure unified historical data across all supported protocols. Through these unified historical data endpoints, we guarantee the delivery of fully indexed historical data spanning the period of the 14 days and beyond to track data up until the genesis block for the specific blockchain for which you require data. For further inquiries regarding our historical data endpoints, please don't hesitate to contact our team.

Conclusion

Polygon stands out as a prominent Layer 2 solution, offering compelling features and advantages for developers compared to the industry's benchmark, Ethereum. With our Polygon APIs, users of Crypto APIs can seamlessly access blockchain events and data. This grants them real-time insights or historical data spanning the past two weeks from the request date.

Should you encounter any challenges or require further information regarding Polygon endpoints, please don't hesitate to reach out to our team. We're here to assist you with your inquiries and ensure that you are having a smooth experience with our services.