Blockchain Architecture

By registering on CyLimit, you receive a wallet on blockchain.

It means that you have your own wallet you can manage, put money into and withdraw from.

At CyLimit we use POLYGON as a blockchain network for NFTS and USDC for transactions (buy&sell on primary market and secondary market)

Polygon is a cryptocurrency, with the symbol MATIC, and also a technology platform that enables blockchain networks to connect and scale. Polygon launched under the name Matic Network in 2017.

The Polygon platform operates using the Ethereum blockchain and connects Ethereum-based projects. Using the Polygon platform can increase the flexibility, scalability, and sovereignty of a blockchain project while still affording the security, interoperability, and structural benefits of the Ethereum blockchain.

MATIC is an ERC-20 token, meaning that it's compatible with other Ethereum-based digital currencies. MATIC is used to govern and secure the Polygon network and to pay network transaction fees.

On your CyLimit wallet you will have an amount in USDC, we just want to use all the advantages of the Blockchain, without the risk of falling on the market.

USDC is the 2nd largest stablecoin in the world, created by Circle and Coinbase

USD Coin (USDC) is a digital currency fully backed by US dollar assets. USDC is a tokenized US dollar, with the value of a USDC coin being equal to the value of a US dollar in a 1:1 ratio.

Since USDC is a 1:1 indexed asset to the dollar and the fiat currency has no issuance limit (and never will), the smart contract that manages the indexing is very unique, allowing for infinite issuance of USDC.