It is firmly on the long line and can be held for a long time.
What is Polymesh (POLYX)?
Polymesh is the first permissioned public layer 1 blockchain purpose-built for regulated assets such as security tokens and real-world asset markets. This project aims to solve various problems faced in the field of securities and security tokens. For traditional securities markets, security tokens have major advantages such as lower costs, improved traceability, and improved efficiency. The current systems for monitoring, tracking and exchanging securities are outdated. These processes rely on a combination of centralized digital and paper-based systems. These systems are extremely inefficient and require significant overhead to operate. Polymesh solves this problem by using advanced blockchain technology. The network enables companies to create, issue and track complaint security tokens. By solving governance, identity, compliance, security, and payments challenges, Polymesh simplifies outdated processes and opens the door to new financial instruments. On Polymesh, any user can freely access and view network activity. However, users participating in Polymesh must complete an identity verification process. This verification process applies to all participants on the chain, from issuers and investors to stakers and node operators.
