How to set up a Polygon Wallet using Metamask? - Rejolut (2024)

Ethereum is extremely popular because of its open-source ecosystem and its ability to meet the challenges of bitcoin. For example, Bitcoin cannot support the development of decentralized applications and solutions. In contrast, Ethereum offers an open-source platform where anyone can create blockchain-driven solutions and contribute to the growth of the ecosystem.

Although Ethereum brings unique features, including its built-in programming language, EVM (Ethereum Virtual Machine), and Smart Compact, there are some limitations to this. Network congestion, low throughput, and high transaction costs lead to scalability problems in Ethereum. To solve existing problems in Ethereum, a core team of four software developers has launched Polygon Network.

The polygon adopts the proof-of-stack consensus mechanism and is driven by the layer-2 scaling solution. The network uses Ethereum's technology and adds more value to it. In addition, Polygon enables higher throughput, lower-cost transactions, and better development options across Ethereum ecosystems and various Ethereum-compatible blockchains.

Polygon is also popular for its unique functionality in supporting dApp development. Developers can use Polygon's SDK and developer tools and build their business-specific decentralized applications. This insight will expand the development of dApp in polygon networks through a step-by-step tutorial.

Dubbed "Blockchain Internet", Polygon is a platform that has grown exponentially in recent times. Scalability, fast transactions speed, low cost, benefits from polygon defy and NFT projects like QuickSwap, SushiSwap, Aave, etc.

And to interact with such a potential platform, you must first own a Wallet to start a "skin-in-game". So what is a wallet? Where to make a wallet? In today's article, I will show you in detail how to create a polygons wallet. It is copyright 2022 polygon technology.

What Makes Polygon Unique?

Polygon blockchain development company has built Polygon to make use of the proof-of-stack consensus approach, and the layer-2 scaling solution serves as the fundamental driving force behind its development. The value of the asset is increased as a result of the network's incorporation of Ethereum's underlying technology. Polygon also makes it feasible to achieve better throughput, lower transaction costs, and increased development possibilities across the multiple Ethereum ecosystems and Ethereum-compatible blockchains. This is made possible by the fact that Polygon makes it possible to do these things.

Polygon has been self-described as a level 2 scaling solution, which means that the project does not want to upgrade its current basic level anytime soon. The project focuses on scalability and reducing the complexity of instant transactions.

Polygon uses a customized version of the Plasma Framework built on a proof-of-stack checkpoint that runs through the Ethereum main chain. This unique technology allows each side chain of Polygon to achieve up to 65,536 transactions per block.

Commercially, polygon sidechains are structurally designed to support the various Decentralized Money (DeFi) protocols available in the Ethereum ecosystem. Two years ago, Opera estimated that Pool had about 80 million monthly active users. But the door remains unlocked for a wider release for Opera's 380 million full listeners, an image from August.

Although Polygon currently only supports Ethereum Basechain, the network seeks to expand support for additional Basechain based on community consultation and consensus. This will turn Polygon into an interoperable decentralized Layer 2 platform.

What is Polygon Wallet (MATIC)?

You may get assistance with the building of a wallet on Polygon that does not require the use of a third party by contacting an Ethereum blockchain development business. The network's blockchain is receiving regular updates, and new features are being added to it, in order for the network to maintain its dominant position in the DeFi industry and garner the maximum amount of support possible.

This is being done in order for the network to remain as secure as possible. A increasing number of digital assets are being kept on the Polygon blockchain, which indicates that there is also a growing number of users. As a result, you could want to consider launching a business that is committed to the production of wallets in response to this trend.

It is a wallet used to store and token standards supported on Polygon's platform. You can send and receive tokens and other tokens as well as interact with applications on this platform. In particular, this wallet is owned by you, and no one other than you has the right to affect or use the wallet.

It contains 2 very important pieces of information that you must note:

Wallet Address: A sequence of numbers and letters used to send assets to a wallet. Others may transfer coins to you through your wallet address. A wallet address will have the following format: 0x329CdCBBD82c934fe32322b423bD8fBd30b4EEB6.

Note: It has the same layout as ETH Wallet and BSC Wallet, so if you create a multi-chain wallet, the address of these 3 wallets is exactly the same.

Passphrase and Private Key: A security key that is understood as a type of password consisting of 12 English keywords with a passphrase and a private key consisting of a sequence of letters and numbers. If you want to perform a wallet recovery operation, you must go to the private key or passphrase login step.

After creating a wallet, you will find a wallet address, passphrase, and private key, as in the example above.

For easy visualization, you can imagine that the Wallet is a bank account, the wallet address is the account number and the passphrase / private key is the password.

The difference is that with a bank account other people will know your personal information. For it, you become anonymous, no one knows who, but only transacts through addresses coded in numbered and alphabetical order.

Where to create a Polygon (MATIC) wallet?

You can create a wallet with CHK Wallet.

CHK Wallet is a decentralized wallet (non-custodial wallet) that supports not only polygon blockchain but also many other blockchains like Ethereum, Solana, Kusama, BSc, HECO chain, Near Blockchain, Avalanche (C-chain and X-chain). , Cosmos, Terra, Fantom, Persistence, Bitcoin, TomoChain, Celo, Binance Chain, Tron, THORchain, BandChain, Kava.

Because it is a decentralized wallet platform, users have complete control over resources, and no one, including the developer, has access to your wallet. You can rest assured when saving tokens here.

Instructions for Downloading and Creating a Polygon Wallet (MATIC)

I'll show you how to register and create a wallet on both mobile and desktop interfaces, you can install both mobile and desktop flexibly to change usage.

Download and register an account

You download the CHK Wallet app to your device.

Then follow the steps below:

Step 1: Select the display language

Step 2: Enter Email → Select

Instructions for Downloading and Creating a Polygon Wallet (MATIC)

a. Go to Google Chrome Web Store and Search for MetaMask

b. Add the MetaMask Extension by clicking “Add to Chrome”

c. Create Your MetaMask Account

Step 2: Add Matic Mainnet to your networks

To do this, tick on "Ethereum Mainnet" at the top right of your screen. Available networks will be displayed. tick on "Custom RPC" to create your polygon mainnet.

Then, this page will appear. Fill in the required information exactly as it is shown below:

After typing the required info, click "Save". You now have yours and you can touch it!

Step 3: Create your Polygon Wallet

Using the same browser, go tohttps://wallet.polygon.technology/and click on "Wallet.”

Then, choose MetaMask.

ASignature Requestfrom your MetaMask will pop up. Click “Sign.”

Once you have signed it, you will be redirected here:

Click the "Wallet” to complete the process and create it. Now you can send and receive cryptocurrencies using your Wallet!

Note that from your Wallet, you can access other Polygon apps by clicking the Apps icon at the top right of your screen. As you can see in the photo below, the other apps you can navigate to Polygon Chain are Polygon Bridge, Stacking, Widget Dashboard, and Gas Swap. More tutorials on using these apps will be up soon! Be sure to check them out on our website to get them here.

Is it possible to create multiple Polygon wallets?

Sure! You can create as many polygonal wallets as you like, each wallet will have a different address, passphrase, and personal key, so be sure to save it.

Remember that you should name it so that you can easily manage it if you create multiple polygon wallets.

Can it store other coins?

No! It only allows storage.

No coin wallet address will save that coin, do not transfer any other coin to the wallet to avoid unfortunate capital loss.

What’s special about the default gas fee on CHK Wallet?

By default in CHK Wallet, the gas fee is adjusted to the standard level, which is an optimized fee so that you can transact at the fastest speed and at the most reasonable cost.

However, with Polygon, the transaction funds are very cheap, almost zero, so you can do skin-in-game.

Best Wallet for Polygon

Polygon logo does not have a native mobile wallet. So if you are looking for the best wallet for polygons, we suggest you use AlphaWallet. Why? Unlike Metamask, where you first need to add a custom Matic Mainnet RPC for Metamask, AlphaWallet has Polygon Network enabled by default. So you're ready to jumpstart.

When you unlock a token, you can quickly go to Quickswap, so you can switch without having to turn on your computer. In addition, we fully unlock source, self-protecting, with secure enclave-level security.

Auto-populate polygon tokens

Unlike other wallets that claim to be the best wallet for Polygon, AlphaWallet automatically populates all Polygon ERC-20 and ERC-721 tokens and displays them in your wallet. You do not have to manually add the smart-contract address to each of them.

A custom token symbol with polygon icon

The AlphaWallet team creates custom icons for polygons that separate them from the mainnet. It may be that you have two DAI tokens. In a Mainnet Ethereum, the second is polygonal.

Exchange easily on Quickswap

With the upcoming changes, we are introducing price changes with detailed charts Our main goal is to allow users to have transparency and control over their tokens. You can start any token on the Polygon network and go to Quickswap to exchange this token.

The most popular Daps in the browser home

If you connect our Web 3.0 browser to the "Polygon" network, it will automatically set your home page to Polygon DAP. We've compiled a list of the most popular DAPs on the Polygon Network The list will be longer, but if you would like us to list your DAP, please contact us.

You can enter any DAP created in the polygon by entering its DAP address in the browser's input field.

Very Detailed Activities

AlphaWallet helps you track all your activities, whether they are exchanged, purchased, sent, received, deposited, or funded in or out of Polygon.

Polygon and AlphaWallet Partnership

Last but not least, we are close partners with Polygon. We plan to build a top-notch infrastructure for NFT using their protocol. So again, if you are looking for the best mobile wallet for Polygon (Matic), we believe that the AlphaWallet app is the best shot.

Conclusion

With the proliferation of blockchain platforms and hundreds of coins being generated every day, a non-custodial wallet is the best choice for you to save and hold assets. It has immense potential in the future as one of the safest and most reputable cryptocurrency storage wallets. We can help you build your non-custodial wallet on Polygon. The network is constantly updating and adding new features to its blockchain, maintaining its cap in the DeFi market and securing maximum support. Given the growing number of digital assets on the Polygon blockchain, there are lots of users and you can start up a brand dedicated to wallet creation.

Users of well-designed cryptocurrency wallets also enjoy the ability to store and interact with Bitcoin, Ethereum, Binance Smart Chain, Polkadot, Tron, Cello, Near, and Solana, to mention a few. For a bit of recap on what Polygon is, it is a Layer 2 scaling solution that achieves scale using a decentralized network of Plasma Framework and Proof-of-Stack (PoS) validators using a sidechain for off-chain calculations while ensuring asset security. It is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. Hopefully, this article will help you in the process of creating a wallet to save and protect your resources. Do not hesitate to reach out to us for professional wallet development on the Polygon network that will attract investors and set you apart in the fast-paced cryptocurrency market.

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