Klever Wallet remains a unique wallet system that permits interoperability of various blockchain and creates a potential for those networks to facilitate user transactions in a secured and transparent way.
Several blockchain developers are raising the standard of how these networks can work efficiently to increase the speed of transaction and increase utility.
What is Polygon (Matic)
Polygon (previously called Matic network) is a blockchain technology platform that enables blockchain networks to connect and scale. It also has its own cryptocurrency with the symbol MATIC.
Polygon is the first well-structured, easy-to-use platform that enables Ethereum scaling and infrastructure development.
The developers based the project on the core component of Polygon SDK, which is a modular, flexible framework that supports building multiple types of applications.
The Polygon Network is deploying a secondary scaling solution that aims to mitigate the challenges on the Ethereum platform, which include high transaction fees and slow transaction processing speeds.
Why use Polygon (Matic)?
Matic uses an integrated, but modified proof-of-stake consensus mechanism that enables a consensus to be achieved with every block on the Matic network, unlike the traditional proof-of-stake.
However, the proof-of-stake method requires network participants to stake, in other words, agree to not trade, exchange or sell their MATIC tokens, for the right to validate Polygon transactions.
Is it possible to use the Matic browser on K5?
The possibilities are becoming endless as the Klever team has maintained its goal of delivering all the features proposed to be experienced in the Klever wallet by ensuring the users have a secured and intuitive user experience using our Wallet system.
As a result of the current situation in the crypto space, it is only necessary to move over to a secured and transparent wallet system like the Klever Wallet where your keys translate to ownership of your wallet.
We have successfully integrated the Matic browser on the Klever Wallet 5 (K5) in order to enable our users to have access to their funds in Matic for transactions on other platforms in a seamless manner.
This compatibility works in a fantastic way where the users can access their secure transactions without the need to leave the Klever Wallet interface. Thereby ensuring that their transactions are safe and secure.
However, it has been noted that there are malicious decentralized applications designed to steal from unsuspecting users as they access such sites and applications.
At this point Klever would copiously state that we are not a financial adviser as to what applications users should or should not use, hence users are expected to carry out their own due diligence before accessing such malicious decentralized applications or sites.
Using the Matic browser in K5
Users can now use the funds in their wallet to connect the applications and website in simple steps.
- Step 1 : Open your Wallet
- Step 2: Select the browser button
- Step 3: Connect your Matic wallet seamlessly by confirming your connection
- Step 4: Type in the Matic compatible website or application to be used.
- Step 5: Start browsing and authenticate your transactions.
In conclusion, users must hold some Matic in their wallet to be able make payment on decentralized applications when connecting with their Klever Wallets.