30 lines
1.3 KiB
Markdown
30 lines
1.3 KiB
Markdown
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> ## Documentation Index
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> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
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> Use this file to discover all available pages before exploring further.
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# Why Crypto?
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> Why Polymarket uses crypto and blockchain technology to create the world’s largest Prediction market.
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Polymarket operates on Polygon, a proof-of-stake layer two blockchain built on [Ethereum](https://ethereum.org). All transactions are denominated in USDC, a US-dollar pegged stablecoin.
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This architecture offers several advantages over traditional prediction markets:
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## Why USDC?
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### Stable Value
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Polymarket denominates trades in USDC, which is pegged 1:1 to the US Dollar. This shields you from the volatility associated with other cryptocurrencies and offers a stable medium for trading.
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### Regulated Reserves
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USDC operates in adherence to regulatory standards and is backed by reserved assets.
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### Transparency
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Blockchain technology facilitates transparency, as all transactions are recorded publicly.
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### Global Reach
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Research has shown that wide availability of prediction markets increases their accuracy. Using decentralized blockchain technology removes the need for a central authority in trading, which fosters fairness and open participation around the globe.
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